Assetmark Inc. Sells 636 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Assetmark Inc. decreased its position in CF Industries Holdings, Inc. (NYSE:CF) by 35.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,152 shares of the basic materials company’s stock after selling 636 shares during the quarter. Assetmark Inc.’s holdings in CF Industries were worth $99,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Verdence Capital Advisors LLC bought a new position in CF Industries in the 3rd quarter worth $260,000. Fiera Capital Corp acquired a new stake in shares of CF Industries in the third quarter valued at about $494,000. Catalyst Capital Advisors LLC lifted its position in shares of CF Industries by 262.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 478 shares during the last quarter. QRG Capital Management Inc. boosted its stake in CF Industries by 8.5% during the 3rd quarter. QRG Capital Management Inc. now owns 10,884 shares of the basic materials company’s stock valued at $934,000 after purchasing an additional 855 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in CF Industries in the 3rd quarter valued at approximately $1,153,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CF Industries

In related news, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the transaction, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. This represents a 2.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 of the company’s stock, valued at $2,629,574.22. The trade was a 19.78 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

CF Industries Trading Up 1.6 %

CF stock opened at $87.07 on Monday. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $90.86. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $84.14 and its 200-day moving average is $78.85. The firm has a market cap of $15.15 billion, a P/E ratio of 13.78, a P/E/G ratio of 2.30 and a beta of 0.97.

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

CF Industries Dividend Announcement

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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio (DPR) is currently 31.65%.

Wall Street Analyst Weigh In

CF has been the subject of a number of research analyst reports. Barclays upped their price target on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Royal Bank of Canada increased their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Wells Fargo & Company boosted their price objective 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. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 16th. Finally, UBS Group lifted their target price on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.42.

CF Industries 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.