Artemis Investment Management LLP Purchases Shares of 27,180 CF Industries Holdings, Inc. $CF

Artemis Investment Management LLP acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,180 shares of the basic materials company’s stock, valued at approximately $2,102,000.

Other hedge funds have also made changes to their positions in the company. Lakewood Asset Management LLC raised its position in shares of CF Industries by 0.9% during the 4th quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company’s stock worth $957,000 after acquiring an additional 111 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in 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 in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of CF Industries by 4.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,898 shares of the basic materials company’s stock worth $260,000 after buying an additional 135 shares during the last quarter. Albert D Mason Inc. lifted its position in shares of CF Industries by 5.3% during the 4th quarter. Albert D Mason Inc. now owns 2,720 shares of the basic materials company’s stock worth $210,000 after buying an additional 137 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of CF Industries by 1.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 8,408 shares of the basic materials company’s stock valued at $754,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Insider Activity

In related news, EVP Susan L. Menzel sold 18,041 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $136.06, for a total transaction of $2,454,658.46. Following the completion of the transaction, the executive vice president directly owned 55,762 shares of the company’s stock, valued at $7,586,977.72. This represents a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bert A. Frost sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 87,256 shares of the company’s stock, valued at approximately $10,384,336.56. The trade was a 10.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 82,408 shares of company stock valued at $9,971,298. 0.51% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CF has been the topic of a number of recent analyst reports. Rothschild & Co Redburn set a $72.00 target price on shares of CF Industries in a research report on Wednesday, February 4th. Bank of America upped their price objective on shares of CF Industries from $86.00 to $103.00 and gave the company an “underperform” rating in a research note on Wednesday, March 18th. Mizuho raised their price objective on CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a report on Tuesday, March 31st. Weiss Ratings upgraded CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Finally, BMO Capital Markets boosted their target price on CF Industries from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $118.53.

CF Industries Stock Down 1.1%

CF opened at $122.90 on Friday. The company has a market cap of $18.88 billion, a PE ratio of 13.66 and a beta of 0.42. The company has a quick ratio of 2.93, a current ratio of 3.37 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $119.68 and a two-hundred day moving average price of $96.58. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.06. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.78 billion. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The company’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period last year, the company earned $1.89 earnings per share. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 12.41 EPS for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. CF Industries’s payout ratio is presently 22.22%.

CF Industries Company 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.