CF Industries Holdings, Inc. (NYSE:CF) Position Boosted by National Bank of Canada FI

National Bank of Canada FI raised its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 49.0% during the 3rd quarter, Holdings Channel reports. The fund owned 124,384 shares of the basic materials company’s stock after purchasing an additional 40,896 shares during the period. National Bank of Canada FI’s holdings in CF Industries were worth $10,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CF. Wolff Wiese Magana LLC bought a new stake in shares of CF Industries during the third quarter valued at about $28,000. Brooklyn Investment Group bought a new stake in shares of CF Industries during the 3rd quarter worth about $39,000. Quent Capital LLC lifted its stake in shares of CF Industries by 132.1% in the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 284 shares during the period. UMB Bank n.a. boosted its holdings in shares of 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 in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in shares of CF Industries during the second quarter valued at approximately $50,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on CF shares. Redburn Atlantic initiated coverage on CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 price target for the company. Piper Sandler lifted their target price on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. UBS Group upped their price target on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Royal Bank of Canada lifted their price objective on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $88.42.

CF Industries Stock Up 0.7 %

Shares of NYSE:CF opened at $88.80 on Wednesday. The firm has a 50 day simple moving average of $86.67 and a 200 day simple moving average of $80.47. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $94.46. 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 company has a market cap of $15.45 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.33 and a beta of 0.98.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. As a group, research analysts expect that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 2.25%. CF Industries’s dividend payout ratio (DPR) is presently 31.65%.

Insider Activity

In other CF Industries 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 owns 29,211 shares in the company, valued at $2,629,574.22. The trade was a 19.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,701 shares of company stock worth $2,052,704 in the last 90 days. 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.