Sapient Capital LLC Decreases Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Sapient Capital LLC lessened its position in CF Industries Holdings, Inc. (NYSE:CF) by 26.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,015 shares of the basic materials company’s stock after selling 2,200 shares during the quarter. Sapient Capital LLC’s holdings in CF Industries were worth $501,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CF. Paradiem LLC increased its stake in CF Industries by 145.8% during the first quarter. Paradiem LLC now owns 39,060 shares of the basic materials company’s stock worth $3,250,000 after acquiring an additional 23,169 shares during the last quarter. PFG Investments LLC acquired a new stake in shares of CF Industries in the first quarter valued at $238,000. Lakewood Asset Management LLC acquired a new stake in shares of CF Industries in the first quarter valued at $827,000. FORVIS Wealth Advisors LLC grew its stake in shares of CF Industries by 3.8% in the first quarter. FORVIS Wealth Advisors LLC now owns 28,313 shares of the basic materials company’s stock valued at $2,356,000 after buying an additional 1,041 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its stake in shares of CF Industries by 18.0% in the first quarter. First Trust Direct Indexing L.P. now owns 3,449 shares of the basic materials company’s stock valued at $287,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

CF traded down $1.86 on Tuesday, hitting $78.97. 1,855,819 shares of the company traded hands, compared to its average volume of 2,433,697. The company has a 50 day moving average of $81.66 and a 200-day moving average of $79.53. 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 stock has a market capitalization of $14.83 billion, a PE ratio of 10.07, a PEG ratio of 2.28 and a beta of 1.03. CF Industries Holdings, Inc. has a 12-month low of $60.08 and a 12-month high of $87.90.

CF Industries (NYSE:CF) last released its quarterly 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 return on equity of 18.44% and a net margin of 23.00%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the company earned $4.35 EPS. The business’s revenue was down 39.8% on a year-over-year basis. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.86 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Tuesday, May 14th. CF Industries’s dividend payout ratio (DPR) is currently 25.51%.

Insider Buying and Selling

In related news, EVP Bert A. Frost sold 6,000 shares of the 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 completion of the sale, the executive vice president now directly owns 64,030 shares in the company, valued at approximately $5,442,550. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CF shares. Wolfe Research started coverage on CF Industries in a research note on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective for the company. Piper Sandler cut CF Industries from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $87.00 to $82.00 in a research note on Thursday, February 29th. Barclays raised CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price for the company in a research note on Friday, January 12th. Bank of America reissued a “neutral” rating and set a $88.00 target price (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Finally, UBS Group cut CF Industries from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $95.00 to $83.00 in a research note on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, CF Industries currently has an average rating of “Hold” and a consensus price target of $86.47.

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.