Mutual of America Capital Management LLC Sells 838 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Mutual of America Capital Management LLC reduced its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 3.6% during the 3rd quarter, Holdings Channel reports. The fund owned 22,214 shares of the basic materials company’s stock after selling 838 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CF Industries were worth $1,906,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Victory Capital Management Inc. boosted its position in CF Industries by 15.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after buying an additional 549,569 shares during the last quarter. Boston Partners raised its holdings in CF Industries by 37.5% during the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after purchasing an additional 835,557 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in CF Industries by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock valued at $212,823,000 after purchasing an additional 198,246 shares during the period. Earnest Partners LLC boosted its stake in shares of CF Industries by 2.8% in the 2nd quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock valued at $162,584,000 after purchasing an additional 59,674 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in CF Industries by 5.1% in the second quarter. Sei Investments Co. now owns 1,422,493 shares of the basic materials company’s stock valued at $105,435,000 after buying an additional 68,834 shares during the period. 93.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Ashraf K. Malik sold 7,201 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the sale, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This trade represents a 19.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the transaction, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. This trade represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,201 shares of company stock worth $1,727,694. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Piper Sandler increased their target price on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research note on Wednesday, October 16th. Wells Fargo & Company increased their target price on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Redburn Atlantic assumed coverage on shares of CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective for the company. Finally, Mizuho lifted their target price on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus price target of $88.42.

CF Industries Stock Performance

Shares of CF opened at $89.79 on Monday. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.39 and a beta of 0.97. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $91.06. The firm has a fifty day simple moving average of $85.25 and a 200 day simple moving average of $79.38. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company earned $0.85 EPS. CF Industries’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts forecast that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.23%. CF Industries’s dividend payout ratio is presently 31.65%.

CF Industries Company Profile

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.