CF Industries Holdings, Inc. (NYSE:CF) Stock Position Reduced by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its position in CF Industries Holdings, Inc. (NYSE:CF) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,919 shares of the basic materials company’s stock after selling 12,758 shares during the quarter. Wedge Capital Management L L P NC’s holdings in CF Industries were worth $6,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CF. Avanza Fonder AB acquired a new stake in shares of CF Industries during the fourth quarter worth $1,406,000. BluePath Capital Management LLC grew its position in shares of CF Industries by 16.0% during the 4th quarter. BluePath Capital Management LLC now owns 12,152 shares of the basic materials company’s stock valued at $1,037,000 after buying an additional 1,678 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in CF Industries during the fourth quarter worth about $226,000. Kathmere Capital Management LLC lifted its holdings in CF Industries by 14.2% in the fourth quarter. Kathmere Capital Management LLC now owns 5,522 shares of the basic materials company’s stock worth $471,000 after acquiring an additional 686 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in CF Industries in the fourth quarter valued at approximately $119,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CF Industries

In other news, EVP Susan L. Menzel sold 3,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total transaction of $325,010.00. Following the sale, the executive vice president now directly owns 62,768 shares of the company’s stock, valued at $5,828,636.48. The trade was a 5.28 % 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. Also, VP Ashraf K. Malik sold 7,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the completion of the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at $2,016,314.58. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,389 shares of company stock valued at $2,355,425. 0.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Redburn Atlantic began coverage on CF Industries in a report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. Mizuho increased their price objective on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price for the company. in a research note on Wednesday, October 16th. Finally, Oppenheimer started coverage on shares of CF Industries in a research note on Thursday, December 12th. They issued an “outperform” rating and a $114.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus price target of $92.38.

CF Industries Price Performance

Shares of NYSE:CF opened at $97.01 on Friday. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 0.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The stock’s 50 day moving average price is $88.39 and its 200 day moving average price is $82.88.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 6.38 earnings per share for the current fiscal year.

About CF Industries

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.