Private Capital Management LLC Buys 3,201 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Private Capital Management LLC boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 53.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,239 shares of the basic materials company’s stock after acquiring an additional 3,201 shares during the period. Private Capital Management LLC’s holdings in CF Industries were worth $793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CF. QRG Capital Management Inc. raised its position in shares of CF Industries by 8.3% during the 4th quarter. QRG Capital Management Inc. now owns 11,784 shares of the basic materials company’s stock valued at $1,005,000 after purchasing an additional 900 shares during the period. Proficio Capital Partners LLC bought a new position in shares of CF Industries in the fourth quarter worth about $4,035,000. Oppenheimer Asset Management Inc. boosted its stake in shares of CF Industries by 1.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company’s stock worth $602,000 after acquiring an additional 126 shares during the period. Mn Services Vermogensbeheer B.V. grew its holdings in CF Industries by 5.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 33,700 shares of the basic materials company’s stock valued at $2,875,000 after buying an additional 1,600 shares in the last quarter. Finally, NewEdge Wealth LLC increased its holdings in CF Industries by 20.2% in the 4th quarter. NewEdge Wealth LLC now owns 226,860 shares of the basic materials company’s stock valued at $19,356,000 after acquiring an additional 38,125 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Trading Up 2.3 %

NYSE:CF opened at $79.54 on Friday. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.37 and a beta of 0.97. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $98.25. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $87.35 and a 200 day moving average of $85.55.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, February 14th. CF Industries’s dividend payout ratio is presently 29.54%.

Insider Transactions at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of CF Industries stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of the sale, the executive vice president now owns 62,768 shares of the company’s stock, valued at approximately $5,828,636.48. The trade was a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the sale, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,389 shares of company stock worth $1,455,965. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CF shares. Piper Sandler lifted their price objective on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Barclays downgraded CF Industries from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $96.00 to $100.00 in a research report on Tuesday, January 21st. Royal Bank of Canada decreased their price target on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a report on Tuesday. Scotiabank reduced their target price on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and cut their price target for the company from $82.00 to $75.00 in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $91.14.

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.