Manning & Napier Advisors LLC Decreases Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Manning & Napier Advisors LLC trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 38.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,540 shares of the basic materials company’s stock after selling 16,864 shares during the quarter. Manning & Napier Advisors LLC’s holdings in CF Industries were worth $2,350,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CF. Wolff Wiese Magana LLC purchased a new stake in shares of CF Industries during the third quarter valued at about $28,000. Brooklyn Investment Group purchased a new stake in shares of CF Industries during the third quarter valued at about $39,000. Quent Capital LLC lifted its position in shares of CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after buying an additional 284 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of CF Industries by 262.6% during the third quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock valued at $57,000 after buying an additional 478 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of CF Industries by 6,690.0% during the fourth quarter. Versant Capital Management Inc now owns 679 shares of the basic materials company’s stock valued at $58,000 after buying an additional 669 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Price Performance

Shares of NYSE CF opened at $92.22 on Friday. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.71 and a beta of 0.98. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The firm’s 50 day simple moving average is $89.35 and its 200-day simple moving average is $84.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Analysts expect that CF Industries Holdings, Inc. will post 6.37 EPS for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. CF Industries’s payout ratio is 31.65%.

Analyst Upgrades and Downgrades

CF has been the subject of several analyst reports. Piper Sandler increased their price target on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday. Mizuho increased their price objective on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. UBS Group increased their price objective on shares of CF Industries from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $82.00 to $75.00 in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average price target of $92.43.

Insider Transactions at CF Industries

In related news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $142,500.00. Following the sale, the executive vice president now owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. This trade represents a 1.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,389 shares of company stock valued at $2,355,425 in the last 90 days. 0.42% of the stock is currently owned by company 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.