Entropy Technologies LP Increases Stake in CF Industries Holdings, Inc. (NYSE:CF)

Entropy Technologies LP lifted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 104.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,111 shares of the basic materials company’s stock after buying an additional 15,866 shares during the quarter. Entropy Technologies LP’s holdings in CF Industries were worth $2,669,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of CF Industries during the 1st quarter valued at about $610,000. Oppenheimer Asset Management Inc. grew its holdings in CF Industries by 21.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,561 shares of the basic materials company’s stock valued at $380,000 after buying an additional 803 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in CF Industries by 4.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock worth $269,000 after acquiring an additional 140 shares during the last quarter. NorthRock Partners LLC raised its holdings in shares of CF Industries by 9.9% during the 1st quarter. NorthRock Partners LLC now owns 3,047 shares of the basic materials company’s stock worth $254,000 after acquiring an additional 275 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of CF Industries by 97.3% during the 1st quarter. Meeder Asset Management Inc. now owns 882 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 435 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CF. Royal Bank of Canada boosted their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Piper Sandler upped their target price on shares of CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research report on Friday. Redburn Atlantic initiated coverage on CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price target for the company. Barclays upped their price objective on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company lifted their target price on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries has an average rating of “Hold” and an average target price of $88.42.

CF Industries Stock Performance

CF Industries stock opened at $85.08 on Tuesday. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $90.86. The company has a market capitalization of $14.81 billion, a PE ratio of 13.46, a P/E/G ratio of 2.28 and a beta of 0.97. The company has a 50 day moving average price of $83.62 and a 200-day moving average price of $78.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.50. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. As a group, equities analysts forecast that CF Industries Holdings, Inc. will post 6.19 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio (DPR) is 31.65%.

Insider Activity

In other news, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction on Friday, October 4th. The stock was 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 of the company’s stock, valued at approximately $5,964,120. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the 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 completion of the sale, the vice president now directly owns 29,211 shares in the company, valued at approximately $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.