Advisors Asset Management Inc. Sells 3,152 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Advisors Asset Management Inc. decreased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 6.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 43,397 shares of the basic materials company’s stock after selling 3,152 shares during the period. Advisors Asset Management Inc.’s holdings in CF Industries were worth $3,723,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Swedbank AB purchased a new position in CF Industries during the 1st quarter worth $19,824,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of CF Industries by 17.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock valued at $3,724,000 after purchasing an additional 7,294 shares in the last quarter. Cetera Investment Advisers boosted its holdings in CF Industries by 286.0% during the first quarter. Cetera Investment Advisers now owns 34,439 shares of the basic materials company’s stock worth $2,866,000 after purchasing an additional 25,516 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in CF Industries in the 2nd quarter worth about $4,710,000. Finally, Bayesian Capital Management LP bought a new position in shares of CF Industries during the 1st quarter worth approximately $2,384,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CF shares. UBS Group upped their target price on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Mizuho raised 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. Wells Fargo & Company boosted their price target on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Redburn Atlantic started coverage on shares of CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective on the stock. Finally, Piper Sandler increased 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, November 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.42.

Insiders Place Their Bets

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 transaction of $648,234.02. Following the completion of the transaction, the vice president now owns 29,211 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 103,155 shares in the company, valued at $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,201 shares of company stock worth $1,727,694 in the last three months. 0.42% of the stock is currently owned by corporate insiders.

CF Industries Trading Down 0.9 %

Shares of CF stock opened at $89.81 on Friday. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $91.06. The company’s fifty day simple moving average is $85.04 and its two-hundred day simple moving average is $79.20. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.31 and a beta of 0.97.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion for 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 firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 2.23%. CF Industries’s dividend payout ratio is currently 31.65%.

CF Industries 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.