Insider Selling: CF Industries Holdings, Inc. (NYSE:CF) EVP Sells $264,000.00 in Stock

CF Industries Holdings, Inc. (NYSE:CF) EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CF Industries Stock Down 0.9 %

CF stock opened at $89.79 on Friday. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 2.39 and a beta of 0.97. The company has a 50-day moving average of $85.25 and a two-hundred day moving average of $79.33. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $91.06. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

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

CF Industries Announces Dividend

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

Hedge Funds Weigh In On CF Industries

Large investors have recently bought and sold shares of the stock. Natixis lifted its stake in shares of CF Industries by 19.5% in the first quarter. Natixis now owns 11,721 shares of the basic materials company’s stock valued at $975,000 after buying an additional 1,916 shares during the period. CreativeOne Wealth LLC raised its position in CF Industries by 62.3% in the first quarter. CreativeOne Wealth LLC now owns 6,470 shares of the basic materials company’s stock worth $539,000 after purchasing an additional 2,484 shares in the last quarter. Guardian Capital Advisors LP bought a new position in CF Industries during the first quarter worth about $724,000. BOKF NA boosted its holdings in CF Industries by 11.0% during the first quarter. BOKF NA now owns 140,662 shares of the basic materials company’s stock valued at $11,721,000 after purchasing an additional 13,958 shares in the last quarter. Finally, SVB Wealth LLC grew its stake in shares of CF Industries by 31.9% in the 1st quarter. SVB Wealth LLC now owns 4,593 shares of the basic materials company’s stock valued at $382,000 after purchasing an additional 1,110 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on CF shares. Mizuho upped their target price on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Royal Bank of Canada increased their price objective on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Wells Fargo & Company raised their price objective on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Piper Sandler boosted their target price on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Finally, Redburn Atlantic started coverage on shares of CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $88.42.

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.