Shell Asset Management Co. Sells 182 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Shell Asset Management Co. cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,400 shares of the basic materials company’s stock after selling 182 shares during the period. Shell Asset Management Co.’s holdings in CF Industries were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Korea Investment CORP raised its position in shares of CF Industries by 88.5% in the fourth quarter. Korea Investment CORP now owns 150,374 shares of the basic materials company’s stock valued at $12,830,000 after purchasing an additional 70,585 shares during the period. National Pension Service raised its position in shares of CF Industries by 2,848.4% in the fourth quarter. National Pension Service now owns 290,384 shares of the basic materials company’s stock valued at $24,776,000 after purchasing an additional 280,535 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of CF Industries in the fourth quarter valued at about $51,000. Charles Schwab Investment Management Inc. raised its position in shares of CF Industries by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock valued at $494,202,000 after purchasing an additional 225,109 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of CF Industries by 14.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company’s stock valued at $14,543,000 after purchasing an additional 21,632 shares during the period. 93.06% of the stock is owned by institutional investors.

CF Industries Trading Up 1.8%

Shares of CF Industries stock opened at $87.79 on Friday. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.37 and a beta of 0.94. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $98.25. The firm’s 50-day moving average price is $77.40 and its two-hundred day moving average price is $83.36.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.38. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries announced that its board has authorized a share repurchase plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to repurchase up to 14.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.28%. CF Industries’s payout ratio is currently 26.35%.

Analyst Ratings Changes

CF has been the topic of several research reports. Piper Sandler upped their price target on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Barclays upped their price target on shares of CF Industries from $87.00 to $91.00 and gave the company an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group initiated coverage on shares of CF Industries in a research note on Thursday, March 13th. They issued a “neutral” rating and a $86.00 price target on the stock. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $82.00 to $75.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and a consensus price target of $90.21.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.