Allstate Corp Acquires 6,182 Shares of CF Industries Holdings, Inc. $CF

Allstate Corp increased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 110.8% during the 4th quarter, HoldingsChannel reports. The fund owned 11,759 shares of the basic materials company’s stock after buying an additional 6,182 shares during the period. Allstate Corp’s holdings in CF Industries were worth $909,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in CF Industries by 10.6% during the third quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock worth $449,742,000 after acquiring an additional 480,126 shares in the last quarter. Boston Partners boosted its stake in 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 acquiring an additional 476,769 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in CF Industries by 1.9% during the third quarter. Ameriprise Financial Inc. now owns 3,351,194 shares of the basic materials company’s stock worth $300,602,000 after acquiring an additional 63,938 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in CF Industries by 22.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,133,709 shares of the basic materials company’s stock worth $281,104,000 after acquiring an additional 568,710 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in CF Industries by 4.0% during the third quarter. Northern Trust Corp now owns 2,984,291 shares of the basic materials company’s stock worth $267,691,000 after acquiring an additional 114,788 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Down 3.6%

Shares of CF Industries stock opened at $112.29 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. The stock has a market capitalization of $17.25 billion, a PE ratio of 10.09 and a beta of 0.42. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96. The company has a 50-day simple moving average of $123.97 and a two-hundred day simple moving average of $101.55.

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

CF Industries Announces Dividend

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

Insider Activity

In other news, EVP Bert A. Frost sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $119.01, for a total transaction of $1,190,100.00. Following the completion of the transaction, the executive vice president directly owned 87,256 shares of the company’s stock, valued at $10,384,336.56. The trade was a 10.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael Patrick Mcgrane sold 3,666 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $116.50, for a total transaction of $427,089.00. Following the transaction, the senior vice president directly owned 19,161 shares of the company’s stock, valued at $2,232,256.50. The trade was a 16.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 79,193 shares of company stock valued at $9,659,443 over the last ninety days. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Mizuho boosted their price objective on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a research note on Tuesday, March 31st. Weiss Ratings raised shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Barclays boosted their price objective on shares of CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Rothschild & Co Redburn set a $72.00 price objective on shares of CF Industries in a research note on Wednesday, February 4th. Finally, Wall Street Zen raised shares of CF Industries from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.