Kingsview Wealth Management LLC Purchases New Shares in CF Industries Holdings, Inc. (NYSE:CF)

Kingsview Wealth Management LLC acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,704 shares of the basic materials company’s stock, valued at approximately $3,149,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CF. Wolff Wiese Magana LLC purchased a new position in shares of CF Industries in the third quarter valued at approximately $28,000. Quent Capital LLC boosted its stake in CF Industries by 132.1% during the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 284 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after buying an additional 191 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of CF Industries in the second quarter valued at about $50,000. Finally, nVerses Capital LLC lifted its stake in shares of CF Industries by 250.0% in the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after buying an additional 500 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bert A. Frost sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the completion of the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at $9,077,640. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,201 shares of company stock valued at $1,727,694 over the last ninety days. Insiders own 0.42% of the company’s stock.

CF Industries Stock Performance

Shares of CF Industries stock opened at $89.79 on Monday. The business has a 50-day simple moving average of $85.25 and a 200-day simple moving average of $79.38. The company has a market cap of $15.63 billion, a PE ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 0.97. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $91.06. 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 announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. On average, equities research analysts forecast that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared 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%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Piper Sandler increased their price objective on shares of CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Wells Fargo & Company increased their price target on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. Bank of America lowered CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research note on Wednesday, October 16th. Royal Bank of Canada raised their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, BMO Capital Markets boosted their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.42.

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.