Clear Harbor Asset Management LLC Trims Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Clear Harbor Asset Management LLC trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,672 shares of the basic materials company’s stock after selling 1,273 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in CF Industries were worth $2,915,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CF. Coppell Advisory Solutions Corp. bought a new stake in CF Industries during the 4th quarter valued at approximately $26,000. Clear Street Markets LLC boosted its position in shares of CF Industries by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 385 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 185 shares in the last quarter. ORG Partners LLC boosted its position in shares of CF Industries by 428.6% in the 3rd quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of CF Industries in the 4th quarter worth approximately $32,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of CF Industries in the 1st quarter worth approximately $42,000. 93.06% of the stock is owned by institutional investors.

CF Industries Stock Performance

CF traded up $0.60 during mid-day trading on Thursday, reaching $83.21. 2,311,615 shares of the company traded hands, compared to its average volume of 2,496,025. The stock has a market capitalization of $15.62 billion, a P/E ratio of 10.61, a P/E/G ratio of 2.35 and a beta of 1.03. 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 company’s fifty day moving average price is $79.96 and its 200-day moving average price is $80.01. CF Industries Holdings, Inc. has a 52-week low of $60.08 and a 52-week high of $87.90.

CF Industries (NYSE:CF) last announced its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the firm posted $4.35 earnings per share. CF Industries’s quarterly revenue was down 39.8% on a year-over-year basis. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 5.81 EPS for the current year.

CF Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a $0.50 dividend. This is a boost from CF Industries’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, February 14th. CF Industries’s dividend payout ratio (DPR) is currently 25.51%.

Wall Street Analyst Weigh In

CF has been the topic of a number of analyst reports. Barclays raised CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price target on the stock in a research report on Friday, January 12th. Wells Fargo & Company dropped their price target on CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research report on Friday, February 16th. Piper Sandler cut CF Industries from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $87.00 to $82.00 in a research report on Thursday, February 29th. UBS Group cut CF Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $95.00 to $83.00 in a research report on Wednesday, January 31st. Finally, Wolfe Research initiated coverage on CF Industries in a research report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, CF Industries has an average rating of “Hold” and a consensus price target of $90.19.

Insider Buying and Selling

In related news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the transaction, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.42% of the stock is owned by 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.