Kerusso Capital Management LLC Acquires Shares of 17,798 CF Industries Holdings, Inc. (NYSE:CF)

Kerusso Capital Management LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,798 shares of the basic materials company’s stock, valued at approximately $1,527,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CF. Victory Capital Management Inc. raised its stake in CF Industries by 401.2% in the second quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock valued at $269,729,000 after buying an additional 2,912,942 shares during the period. Boston Partners raised its stake in CF Industries by 37.5% in the first quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock valued at $254,920,000 after buying an additional 835,557 shares during the period. International Assets Investment Management LLC grew its position in shares of CF Industries by 7,617.5% in the third quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after purchasing an additional 431,910 shares during the last quarter. LSV Asset Management grew its position in shares of CF Industries by 154.3% in the second quarter. LSV Asset Management now owns 408,703 shares of the basic materials company’s stock valued at $30,293,000 after purchasing an additional 248,003 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of CF Industries in the first quarter valued at approximately $19,824,000. Institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Mizuho upped their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. UBS Group upped their target price on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Scotiabank increased their price target on CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Wells Fargo & Company increased their price target on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. Finally, Piper Sandler increased their price target on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average target price of $88.42.

CF Industries Trading Down 1.1 %

NYSE CF opened at $83.71 on Friday. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $90.86. The company has a market cap of $14.57 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.97. The business’s fifty day moving average is $83.58 and its 200 day moving average is $78.65.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. CF Industries’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. As a group, sell-side analysts expect that CF Industries Holdings, Inc. will post 6.12 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s payout ratio is presently 31.65%.

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction dated 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 66,268 shares in the company, valued at $5,964,120. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

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.