On June 11th, 2023, it was reported that Two Sigma Advisers LP had lowered its holdings in CF Industries Holdings, Inc. In the fourth quarter, Two Sigma’s most recent disclosure with the SEC revealed that the firm sold 380,300 shares of the basic materials company’s stock which resulted in a decrease of 34.5% of their holdings. After this action, Two Sigma Advisers LP owned 721,500 shares of CF Industries worth an estimated $61,472,000.
Several research firms have provided their opinions on CF Industries Holdings, Inc.’s current standing. In April of 2023, Wells Fargo & Company reduced their price target on CF Industries from $109 to $102 and gave it an “overweight” rating. At the same time, Barclays downgraded its rating from $105 to $80 and HSBC cut its rating from a “buy” rating to a “hold” rating and reduced their target price for the company from $104 to $90 back in February of 2023.
Scotiabank raised shares of CF Industries from a “sector perform” rating to a “sector outperform” rating and set a price target on the stock at $95.00 while one equities research analyst has offered up a sell rating with four holding ratings and seven buy ratings being assigned by other financial research companies according to Bloomberg.
Shares for CF Industries opened at $67.97 on Friday following this report’s publication that also revealed that as of June 11th of this year; CF Industries had market capitalization estimated at $13.25 billion with a debt-to-equity ratio of .37 along with both current and quick ratios well over three times each other respectively.
The firm has seen both highs and lows within its trading history in terms of share prices ranging between an annual low at approximately sixty dollars per share while approaching nearly twice that value during its annual high’s peak of $119.60 per share before succumbing to market fluctuations that have brought it to where it resides as of this article around $68 per share.
The industry average rating on CF Industries is “Moderate Buy” with the consensus target price for the stock estimated at around $91.07 per share. Despite the recent dip in holdings from Two Sigma Advisers LP, other notable financial institutions seem to be holding firm in their positive predictions for CF Industries’ future growth as the basic materials company moves forward in its endeavors.
CF Industries Holdings, Inc. sees institutional investor activity and varied price target adjustments from research firms
CF Industries Holdings, Inc. has seen a range of activity from institutional investors in recent months, according to reports. As of June 11, 2023, Campbell & CO Investment Adviser LLC purchased a position in the company during the fourth quarter worth $433,000 while Arrowstreet Capital Limited Partnership giving CF Industries boost by acquiring an additional 67,416 shares during that same period. Meanwhile, SVP Bert A. Frost sold 15,000 shares of CF Industries on May 31st at an average price of $60.99 and we have learned that company insiders now control just 0.42% of the firm’s stock.
Several research firms have weighed in on CF with Bank of America lowering its price target from $100 to $95 and Wells Fargo & Company reducing their price target from $109 to $102. Barclays reduced their price objective on CF Industries from $105 to $80 while HSBC cut shares of CF industries from a “buy” rating to a “hold” rating and reduced its target price from $104 to $90.
Despite this varied information, in May CF Industries announced EPS figures for the first quarter that beat analysts’ estimates thanks largely to stronger-than-expected pricing and higher nitrogen volumes due in part to lower imports and delayed plant restarts after maintenance season. With ongoing innovations and developments continuing within the fertilizer market as well as expert analysis and discussion ahead for regulatory protocols within our industry – both nationally and internationally – financial fields will certainly be keeping a close eye on CF Industries’ movements moving forward.