Pekin Hardy Strauss Inc. Has $9.09 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

Pekin Hardy Strauss Inc. decreased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 12.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,478 shares of the basic materials company’s stock after selling 15,134 shares during the quarter. CF Industries accounts for about 1.2% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 11th largest holding. Pekin Hardy Strauss Inc. owned approximately 0.06% of CF Industries worth $9,085,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CF. Heck Capital Advisors LLC acquired a new stake in CF Industries in the 4th quarter worth about $34,000. Brooklyn Investment Group acquired a new position in shares of CF Industries in the 3rd quarter valued at approximately $39,000. Asset Planning Inc acquired a new position in shares of CF Industries in the 4th quarter valued at approximately $44,000. Arlington Trust Co LLC raised its position in shares of CF Industries by 422.0% in the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock valued at $49,000 after buying an additional 460 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of CF Industries in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Trading Down 2.9 %

CF opened at $77.90 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.37 and a beta of 0.98. The company’s 50 day moving average price is $87.91 and its two-hundred day moving average price is $85.58.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. As a group, research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, February 14th. CF Industries’s dividend payout ratio is currently 29.54%.

Insider Activity

In other news, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the sale, the executive vice president now directly owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. This represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,389 shares of company stock valued at $1,455,965. 0.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CF has been the subject of several analyst reports. Scotiabank restated a “sector underperform” rating and issued a $88.00 target price on shares of CF Industries in a research report on Friday, January 24th. Piper Sandler boosted their target price on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price for the company. in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Finally, Oppenheimer lowered their price objective on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $92.29.

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.