Bank of New York Mellon Corp Buys 362,158 Shares of CF Industries Holdings, Inc. $CF

Bank of New York Mellon Corp lifted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 21.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,055,637 shares of the basic materials company’s stock after purchasing an additional 362,158 shares during the period. Bank of New York Mellon Corp’s holdings in CF Industries were worth $158,983,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Lakewood Asset Management LLC grew its holdings in shares of CF Industries by 0.9% during the fourth quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company’s stock worth $957,000 after purchasing an additional 111 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of CF Industries by 5.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,365 shares of the basic materials company’s stock worth $183,000 after purchasing an additional 116 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of CF Industries by 4.9% during the third quarter. Kingsview Wealth Management LLC now owns 2,898 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 135 shares during the last quarter. Albert D Mason Inc. grew its holdings in shares of CF Industries by 5.3% during the fourth quarter. Albert D Mason Inc. now owns 2,720 shares of the basic materials company’s stock worth $210,000 after purchasing an additional 137 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of CF Industries by 1.7% during the third quarter. Brown Brothers Harriman & Co. now owns 8,408 shares of the basic materials company’s stock worth $754,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on CF Industries from $100.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Scotiabank raised their price target on CF Industries from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Bank of America raised their price target on CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Berenberg Bank raised their price target on CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, Weiss Ratings upgraded CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $119.00.

CF Industries Price Performance

Shares of CF opened at $113.72 on Friday. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The stock has a market cap of $17.47 billion, a P/E ratio of 10.22 and a beta of 0.38. The stock’s 50-day moving average price is $122.96 and its two-hundred day moving average price is $102.63.

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 analysts’ consensus estimates of $2.63 by $1.35. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.84 billion. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.85 earnings per share. On average, equities analysts predict that CF Industries Holdings, Inc. will post 14.39 earnings per share for the current year.

CF Industries Announces Dividend

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

Insiders Place Their Bets

In other news, VP Richard A. Hoker sold 3,499 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $125.38, for a total transaction of $438,704.62. Following the sale, the vice president owned 31,036 shares of the company’s stock, valued at $3,891,293.68. This trade represents a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Susan L. Menzel sold 18,041 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $136.06, for a total value of $2,454,658.46. Following the sale, the executive vice president directly owned 55,762 shares in the company, valued at approximately $7,586,977.72. This represents a 24.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 40,824 shares of company stock worth $5,333,817. 0.51% of the stock is owned by company insiders.

About CF Industries

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.