Demars Financial Group LLC Trims Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Demars Financial Group LLC lessened its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 25.9% during the 4th quarter, Holdings Channel reports. The firm owned 3,504 shares of the basic materials company’s stock after selling 1,224 shares during the quarter. Demars Financial Group LLC’s holdings in CF Industries were worth $279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CF. Larson Financial Group LLC raised its position in shares of CF Industries by 101.2% in the fourth quarter. Larson Financial Group LLC now owns 1,173 shares of the basic materials company’s stock valued at $93,000 after buying an additional 590 shares during the last quarter. New York State Common Retirement Fund increased its position in CF Industries by 19.0% during the fourth quarter. New York State Common Retirement Fund now owns 178,720 shares of the basic materials company’s stock worth $14,208,000 after purchasing an additional 28,579 shares during the last quarter. Duality Advisers LP increased its position in CF Industries by 189.3% during the fourth quarter. Duality Advisers LP now owns 23,713 shares of the basic materials company’s stock worth $1,885,000 after purchasing an additional 15,517 shares during the last quarter. Handelsbanken Fonder AB increased its position in CF Industries by 7.6% during the fourth quarter. Handelsbanken Fonder AB now owns 35,500 shares of the basic materials company’s stock worth $2,822,000 after purchasing an additional 2,500 shares during the last quarter. Finally, CWM LLC increased its position in CF Industries by 1,535.7% during the fourth quarter. CWM LLC now owns 44,949 shares of the basic materials company’s stock worth $3,573,000 after purchasing an additional 42,201 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CF shares. Berenberg Bank increased their price objective on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Bank of America restated a “neutral” rating and issued a $88.00 target price (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Wells Fargo & Company decreased their target price on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Wolfe Research started coverage on shares of CF Industries in a research note on Friday, March 1st. They set an “outperform” rating and a $99.00 price objective on the stock. Finally, Piper Sandler downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $87.00 to $82.00 in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.47.

CF Industries Price Performance

CF Industries stock traded up $0.21 during trading hours on Wednesday, hitting $78.75. 40,330 shares of the company traded hands, compared to its average volume of 2,463,832. CF Industries Holdings, Inc. has a 1-year low of $60.08 and a 1-year high of $87.90. The company has a quick ratio of 3.44, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $81.46 and its two-hundred day simple moving average is $79.67. The firm has a market cap of $14.78 billion, a P/E ratio of 10.02, a P/E/G ratio of 2.24 and a beta of 1.03.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business posted $4.35 EPS. The business’s revenue for the quarter was down 39.8% on a year-over-year basis. As a group, analysts forecast that CF Industries Holdings, Inc. will post 5.86 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Tuesday, May 14th. CF Industries’s dividend payout ratio is currently 25.51%.

Insider Buying and Selling

In related news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the sale, the executive vice president now directly owns 64,030 shares in the company, valued at $5,442,550. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

About CF Industries

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.