Truist Financial Corp Grows Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

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Truist Financial Corp increased its stake in shares of CF Industries Holdings, Inc. (NYSE:CFGet Rating) by 72.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,258 shares of the basic materials company’s stock after buying an additional 12,297 shares during the period. Truist Financial Corp’s holdings in CF Industries were worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC lifted its holdings in shares of CF Industries by 64.3% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of CF Industries by 121.1% in the fourth quarter. Signaturefd LLC now owns 398 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 218 shares in the last quarter. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of CF Industries in the fourth quarter valued at about $35,000. Huntington National Bank lifted its holdings in shares of CF Industries by 126.5% in the fourth quarter. Huntington National Bank now owns 736 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 411 shares in the last quarter. Finally, CWM LLC purchased a new stake in shares of CF Industries in the fourth quarter valued at about $56,000. Hedge funds and other institutional investors own 93.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Mizuho upped their price target on shares of CF Industries from $81.00 to $120.00 in a report on Friday, April 29th. UBS Group cut their price objective on shares of CF Industries from $125.00 to $105.00 in a research report on Wednesday. Scotiabank lowered shares of CF Industries from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the company from $81.00 to $118.00 in a research report on Monday, March 28th. Credit Suisse Group assumed coverage on shares of CF Industries in a research report on Thursday. They issued an “underperform” rating and a $73.00 price objective for the company. Finally, Royal Bank of Canada boosted their price objective on shares of CF Industries from $100.00 to $110.00 and gave the company a “sector perform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and a consensus target price of $95.16.

CF Industries Price Performance

CF opened at $84.55 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. CF Industries Holdings, Inc. has a 52-week low of $43.19 and a 52-week high of $113.49. The company has a 50 day moving average of $91.66 and a two-hundred day moving average of $88.31. The company has a market cap of $17.64 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.70 and a beta of 1.06.

CF Industries (NYSE:CFGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $4.21. CF Industries had a net margin of 19.73% and a return on equity of 35.04%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the firm earned $0.70 earnings per share. CF Industries’s revenue for the quarter was up 173.7% on a year-over-year basis. On average, analysts expect that CF Industries Holdings, Inc. will post 19.11 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, August 12th. This represents a $1.60 annualized dividend and a yield of 1.89%. CF Industries’s dividend payout ratio is currently 20.62%.

Insiders Place Their Bets

In other CF Industries news, VP Richard A. Hoker sold 6,684 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $94.90, for a total transaction of $634,311.60. Following the completion of the sale, the vice president now directly owns 45,243 shares in the company, valued at $4,293,560.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is owned by insiders.

About CF Industries

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CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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