5,724 Shares in CF Industries Holdings, Inc. (NYSE:CF) Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,724 shares of the basic materials company’s stock, valued at approximately $491,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CF. SVB Wealth LLC grew its stake in shares of CF Industries by 31.9% during the first quarter. SVB Wealth LLC now owns 4,593 shares of the basic materials company’s stock worth $382,000 after purchasing an additional 1,110 shares in the last quarter. Ascent Group LLC boosted its stake in CF Industries by 10.0% in the first quarter. Ascent Group LLC now owns 3,804 shares of the basic materials company’s stock valued at $317,000 after acquiring an additional 346 shares in the last quarter. Bayesian Capital Management LP acquired a new position in CF Industries in the first quarter valued at $2,384,000. LBP AM SA boosted its stake in CF Industries by 136.3% in the first quarter. LBP AM SA now owns 13,623 shares of the basic materials company’s stock valued at $1,134,000 after acquiring an additional 7,858 shares in the last quarter. Finally, Wahed Invest LLC boosted its stake in CF Industries by 13.6% in the first quarter. Wahed Invest LLC now owns 3,726 shares of the basic materials company’s stock valued at $310,000 after acquiring an additional 445 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

CF has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective 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. UBS Group increased their target price on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Mizuho increased their target price on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased 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. Finally, Barclays increased their target price on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus price target of $88.42.

CF Industries Price Performance

Shares of NYSE:CF opened at $89.79 on Monday. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The company has a market cap of $15.63 billion, a P/E ratio of 14.21, a PEG ratio of 2.39 and a beta of 0.97. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $91.06. The company has a 50-day moving average price of $85.25 and a 200 day moving average price of $79.38.

CF Industries (NYSE:CF) last announced its quarterly earnings data 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. The firm had revenue of $1.37 billion during 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 firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. Research analysts predict that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.23%. CF Industries’s payout ratio is 31.65%.

Insider Activity

In other news, EVP Bert A. Frost sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the transaction, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at $9,077,640. This trade represents a 2.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the transaction, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,201 shares of company stock worth $1,727,694. Company insiders own 0.42% of the company’s stock.

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.