Commonwealth Retirement Investments LLC Increases Position in CF Industries Holdings, Inc. (NYSE:CF)

Commonwealth Retirement Investments LLC raised its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 9.5% in the third quarter, Holdings Channel.com reports. The firm owned 13,519 shares of the basic materials company’s stock after buying an additional 1,169 shares during the period. Commonwealth Retirement Investments LLC’s holdings in CF Industries were worth $1,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CF. Quantbot Technologies LP bought a new stake in shares of CF Industries in the 1st quarter worth about $610,000. Oppenheimer Asset Management Inc. raised its stake in CF Industries by 21.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,561 shares of the basic materials company’s stock valued at $380,000 after acquiring an additional 803 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in CF Industries by 4.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock worth $269,000 after acquiring an additional 140 shares during the period. NorthRock Partners LLC lifted its position in shares of CF Industries by 9.9% in the 1st quarter. NorthRock Partners LLC now owns 3,047 shares of the basic materials company’s stock valued at $254,000 after acquiring an additional 275 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of CF Industries by 97.3% during the first quarter. Meeder Asset Management Inc. now owns 882 shares of the basic materials company’s stock valued at $73,000 after buying an additional 435 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

CF has been the topic of a number of research reports. Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a report on Wednesday, October 16th. Royal Bank of Canada lifted their target price on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price objective on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Scotiabank raised their price target on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, Barclays raised their price target on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $88.42.

Insider Activity

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 29,211 shares in the company, valued at $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now owns 66,268 shares of the company’s stock, valued at $5,964,120. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the sale, the vice president now owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

CF Industries Stock Down 0.9 %

NYSE CF traded down $0.80 during trading hours on Tuesday, hitting $84.28. 215,803 shares of the company traded hands, compared to its average volume of 2,070,216. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 2.28 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $90.86. The business’s 50-day moving average is $83.62 and its 200-day moving average is $78.68.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 6.19 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 2.37%. CF Industries’s dividend payout ratio is presently 31.65%.

CF Industries Company 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.