Transamerica Financial Advisors Inc. Takes $98,000 Position in CF Industries Holdings, Inc. (NYSE:CF)

Transamerica Financial Advisors Inc. purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,140 shares of the basic materials company’s stock, valued at approximately $98,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wolff Wiese Magana LLC bought a new position in CF Industries in the third quarter valued at about $28,000. Brooklyn Investment Group bought a new position in CF Industries in the third quarter valued at about $39,000. Quent Capital LLC lifted its holdings 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 acquiring an additional 284 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in 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 acquiring an additional 478 shares during the period. Finally, UMB Bank n.a. lifted its holdings in CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 191 shares during the period. 93.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler raised their price objective on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Wells Fargo & Company raised their target price on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Mizuho upped their price target on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. BMO Capital Markets raised their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada upped their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, CF Industries has an average rating of “Hold” and a consensus price target of $88.42.

Insider Activity at CF Industries

In other news, VP Ashraf K. Malik sold 7,201 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the completion of the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This trade represents a 19.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at $5,964,120. The trade was a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,201 shares of company stock valued at $1,727,694. Insiders own 0.48% of the company’s stock.

CF Industries Trading Up 0.6 %

Shares of CF stock opened at $88.66 on Thursday. 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 stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 2.31 and a beta of 0.97. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $91.06. The stock’s 50-day moving average price is $85.54 and its 200-day moving average price is $79.57.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Equities research analysts predict that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s payout ratio is presently 31.65%.

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.