Advisors Asset Management Inc. Has $3.72 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

Advisors Asset Management Inc. lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 6.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,397 shares of the basic materials company’s stock after selling 3,152 shares during the quarter. Advisors Asset Management Inc.’s holdings in CF Industries were worth $3,723,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CF. Natixis lifted its holdings in shares of CF Industries by 19.5% during the 1st quarter. Natixis now owns 11,721 shares of the basic materials company’s stock worth $975,000 after acquiring an additional 1,916 shares during the period. CreativeOne Wealth LLC lifted its stake in CF Industries by 62.3% during 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 during the last quarter. SVB Wealth LLC boosted its holdings 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 in the last quarter. Earnest Partners LLC boosted its holdings in shares of CF Industries by 6.3% in the 1st quarter. Earnest Partners LLC now owns 2,133,854 shares of the basic materials company’s stock valued at $177,558,000 after purchasing an additional 125,616 shares in the last quarter. Finally, Ascent Group LLC increased its stake in shares of CF Industries by 10.0% in the 1st quarter. Ascent Group LLC now owns 3,804 shares of the basic materials company’s stock valued at $317,000 after purchasing an additional 346 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CF. Redburn Atlantic assumed 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. UBS Group lifted their price target on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. 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 research note on Friday, November 8th. Wells Fargo & Company boosted their target price on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Finally, Mizuho raised their price objective on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.42.

CF Industries Trading Down 0.9 %

NYSE CF opened at $89.81 on Friday. The firm has a market capitalization of $15.63 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.97. The business’s 50-day moving average price is $85.04 and its two-hundred day moving average price is $79.20. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $91.06.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate 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 revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. On average, analysts expect that CF Industries Holdings, Inc. will post 6.32 EPS for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.50 dividend. 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 payout ratio is 31.65%.

Insider Buying and Selling at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,201 shares of company stock valued at $1,727,694. 0.42% of the stock is currently owned by insiders.

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.