Thrivent Financial for Lutherans Acquires 120,193 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Thrivent Financial for Lutherans raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 10.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,300,485 shares of the basic materials company’s stock after buying an additional 120,193 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CF Industries were worth $111,582,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CF. Wolff Wiese Magana LLC bought a new position in CF Industries during the third quarter valued at about $28,000. Quent Capital LLC increased 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 worth $43,000 after buying an additional 284 shares during the last quarter. Catalyst Capital Advisors LLC raised 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 during the period. UMB Bank n.a. lifted its holdings in CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 191 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in shares of CF Industries during the 2nd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

CF has been the topic of a number of recent research reports. Scotiabank increased their price objective on CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Redburn Atlantic initiated coverage on shares of CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective for the company. 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. Barclays raised their price target on shares of CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, BMO Capital Markets upped their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and a consensus target price of $88.42.

CF Industries Price Performance

Shares of CF Industries stock opened at $87.07 on Friday. The stock’s fifty day moving average is $84.14 and its 200 day moving average is $78.84. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $90.86. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The stock has a market cap of $15.15 billion, a P/E ratio of 13.78, a P/E/G ratio of 2.30 and a beta of 0.97.

CF Industries (NYSE:CF) last announced 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 during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 earnings per share. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 2.30%. CF Industries’s payout ratio is 31.65%.

Insider Buying and Selling at CF Industries

In related news, VP Ashraf K. Malik sold 7,201 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the completion of the transaction, the vice president now directly owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. This trade represents a 19.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the transaction, 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. 0.42% of the stock is currently owned by insiders.

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.