Pine Valley Investments Ltd Liability Co Acquires 2,270 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Pine Valley Investments Ltd Liability Co lifted its position in CF Industries Holdings, Inc. (NYSE:CF) by 8.7% in the third quarter, HoldingsChannel.com reports. The firm owned 28,364 shares of the basic materials company’s stock after purchasing an additional 2,270 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in CF Industries were worth $2,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CF. Swedbank AB lifted its holdings in CF Industries by 9.7% in the 2nd quarter. Swedbank AB now owns 261,383 shares of the basic materials company’s stock worth $19,374,000 after purchasing an additional 23,144 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in CF Industries by 17.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock valued at $3,724,000 after acquiring an additional 7,294 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in CF Industries in the 3rd quarter worth $3,149,000. AMG National Trust Bank purchased a new position in shares of CF Industries during the third quarter valued at about $887,000. Finally, Entropy Technologies LP increased its holdings in shares of CF Industries by 104.1% in the third quarter. Entropy Technologies LP now owns 31,111 shares of the basic materials company’s stock worth $2,669,000 after purchasing an additional 15,866 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CF. Redburn Atlantic started coverage on CF Industries in a research note on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective on the stock. Barclays boosted their price objective on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company boosted their target price on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Oppenheimer assumed coverage on CF Industries in a research report on Thursday. They issued an “outperform” rating and a $114.00 price target for the company. Finally, Mizuho lifted their price objective on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $90.38.

Insider Buying and Selling

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the business’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 transaction of $180,000.00. Following the sale, the executive vice president now owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. The trade was a 2.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the sale, the vice president now owns 29,211 shares of the company’s stock, valued at $2,629,574.22. The trade was a 19.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,701 shares of company stock worth $2,052,704 in the last 90 days. 0.42% of the stock is owned by corporate insiders.

CF Industries Trading Up 0.3 %

NYSE:CF opened at $90.11 on Friday. The firm has a 50-day simple moving average of $86.72 and a 200-day simple moving average of $80.61. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $94.46. The firm has a market cap of $15.68 billion, a P/E ratio of 14.26, a P/E/G ratio of 2.33 and a beta of 0.98. 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 posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. CF Industries’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. Equities analysts anticipate that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Friday, November 15th. CF Industries’s 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.