Insider Selling: CF Industries Holdings, Inc. (NYSE:CF) VP Sells 7,000 Shares of Stock

CF Industries Holdings, Inc. (NYSE:CF) VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. This represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CF Industries Stock Down 0.9 %

CF Industries stock traded down $0.85 during mid-day trading on Friday, reaching $89.79. 1,349,495 shares of the company were exchanged, compared to its average volume of 2,070,135. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $91.06. The business has a fifty day moving average of $85.04 and a 200 day moving average of $79.20. The firm has a market cap of $15.63 billion, a P/E ratio of 14.34, a PEG ratio of 2.31 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 (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. Research analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio is presently 31.65%.

Institutional Investors Weigh In On CF Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CF. Wolff Wiese Magana LLC purchased a new position in CF Industries in the 3rd quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new position in CF Industries during the 3rd quarter worth $39,000. Quent Capital LLC lifted its position in CF Industries by 132.1% in the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 284 shares during the period. Catalyst Capital Advisors LLC boosted its stake in shares of CF Industries by 262.6% in the third quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock valued at $57,000 after buying an additional 478 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of CF Industries by 40.4% during the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 191 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CF. Piper Sandler upped their price target on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Mizuho lifted their price target on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Scotiabank lifted their target price on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Royal Bank of Canada lifted their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, 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 note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, CF Industries has an average rating of “Hold” and an average target price of $88.42.

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.