Zurcher Kantonalbank Zurich Cantonalbank Sells 342 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,130 shares of the basic materials company’s stock after selling 342 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CF Industries were worth $5,931,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CF. Wolff Wiese Magana LLC bought a new stake in CF Industries during the third quarter worth about $28,000. Brooklyn Investment Group bought a new stake in shares of CF Industries during the 3rd quarter worth approximately $39,000. Quent Capital LLC boosted its holdings 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 valued at $43,000 after buying an additional 284 shares during the last quarter. UMB Bank n.a. grew its stake 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 buying an additional 191 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in CF Industries during the second quarter worth $50,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CF has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Barclays boosted their price target on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Royal Bank of Canada lifted their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 16th. Finally, BMO Capital Markets 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 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, the stock has a consensus rating of “Hold” and a consensus target price of $88.42.

CF Industries Stock Up 1.1 %

Shares of CF opened at $89.66 on Monday. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $15.60 billion, a PE ratio of 14.19, a P/E/G ratio of 2.37 and a beta of 0.97. The firm’s 50 day moving average is $85.96 and its 200-day moving average is $79.84. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $91.06.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating 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 firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts forecast that CF Industries Holdings, Inc. will post 6.32 EPS for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, November 15th. CF Industries’s dividend payout ratio is currently 31.65%.

Insider Activity

In other news, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares in the company, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries 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 sale, the executive vice president now directly owns 103,155 shares in the company, 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. In the last ninety days, insiders sold 19,201 shares of company stock worth $1,727,694. 0.42% of the stock is currently owned by corporate insiders.

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.