Clear Harbor Asset Management LLC Buys 13,452 Shares of CF Industries Holdings, Inc. $CF

Clear Harbor Asset Management LLC increased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 97.0% during the fourth quarter, HoldingsChannel reports. The fund owned 27,313 shares of the basic materials company’s stock after buying an additional 13,452 shares during the period. Clear Harbor Asset Management LLC’s holdings in CF Industries were worth $2,112,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of CF Industries by 10.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock valued at $449,742,000 after purchasing an additional 480,126 shares during the period. Boston Partners grew its holdings in shares of CF Industries by 15.3% during the third quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock worth $321,852,000 after buying an additional 476,769 shares in the last quarter. Ameriprise Financial Inc. raised its position in CF Industries by 1.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,351,194 shares of the basic materials company’s stock valued at $300,602,000 after buying an additional 63,938 shares during the last quarter. Dimensional Fund Advisors LP raised its position in CF Industries by 22.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,133,709 shares of the basic materials company’s stock valued at $281,104,000 after buying an additional 568,710 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in CF Industries by 4.0% in the 3rd quarter. Northern Trust Corp now owns 2,984,291 shares of the basic materials company’s stock valued at $267,691,000 after acquiring an additional 114,788 shares in the last quarter. 93.06% of the stock is owned by institutional investors.

CF Industries Trading Down 0.1%

Shares of CF Industries stock opened at $112.29 on Monday. The stock has a market cap of $17.25 billion, a P/E ratio of 10.09 and a beta of 0.38. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The business’s 50 day moving average is $123.97 and its 200-day moving average is $101.68.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the company earned $1.85 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities research analysts predict that CF Industries Holdings, Inc. will post 15.12 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. CF Industries’s payout ratio is currently 17.97%.

Insider Activity

In other news, VP Richard A. Hoker sold 6,184 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $109.33, for a total value of $676,096.72. Following the sale, the vice president directly owned 34,535 shares of the company’s stock, valued at approximately $3,775,711.55. This represents a 15.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 18,041 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $136.06, for a total transaction of $2,454,658.46. Following the completion of the sale, the executive vice president owned 55,762 shares of the company’s stock, valued at $7,586,977.72. This trade represents a 24.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,193 shares of company stock valued at $9,659,443 over the last quarter. 0.51% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CF shares. BMO Capital Markets upped their price target on CF Industries from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Zacks Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Royal Bank Of Canada raised their target price on shares of CF Industries from $100.00 to $125.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 7th. Bank of America lifted their price target on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Finally, Morgan Stanley boosted their price target on shares of CF Industries from $95.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, CF Industries has an average rating of “Hold” and an average price target of $117.69.

CF Industries Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.