Northwest & Ethical Investments L.P. Trims Stake in CF Industries Holdings, Inc. (NYSE:CF)

Northwest & Ethical Investments L.P. lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 17.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,882 shares of the basic materials company’s stock after selling 2,285 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in CF Industries were worth $934,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Atria Investments Inc bought a new position in shares of CF Industries during the 1st quarter valued at about $1,040,000. Burney Co. grew its position in CF Industries by 3.8% during the first quarter. Burney Co. now owns 10,310 shares of the basic materials company’s stock valued at $858,000 after acquiring an additional 375 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of 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 acquiring an additional 25,516 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of CF Industries by 10.7% in the 1st quarter. Cetera Advisors LLC now owns 4,877 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 473 shares during the last quarter. Finally, Transcend Capital Advisors LLC purchased a new stake in shares of CF Industries in the 2nd quarter valued at $207,000. 93.06% of the stock is currently owned by institutional investors.

Insider Transactions at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the sale, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This represents 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 this link. Also, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 owns 103,155 shares in the company, valued at $9,077,640. The trade was a 2.83 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,201 shares of company stock valued at $1,727,694. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

CF has been the topic of a number of analyst reports. Barclays lifted their target price on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Piper Sandler boosted their target price on 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 raised their price target on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. UBS Group boosted their price objective on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Finally, BMO Capital Markets raised their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. 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’s stock. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus price target of $88.42.

CF Industries Stock Performance

Shares of CF stock opened at $89.66 on Friday. The firm has a market capitalization of $15.60 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 2.34 and a beta of 0.97. The stock has a fifty day moving average of $85.80 and a 200 day moving average of $79.69. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $91.06. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

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

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.23%. CF Industries’s dividend payout ratio (DPR) is 31.65%.

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.