Private Capital Management LLC Raises Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Private Capital Management LLC raised its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 53.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,239 shares of the basic materials company’s stock after acquiring an additional 3,201 shares during the period. Private Capital Management LLC’s holdings in CF Industries were worth $793,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of CF Industries by 3.8% in the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after buying an additional 300,050 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CF Industries by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock valued at $477,668,000 after acquiring an additional 22,392 shares during the period. Victory Capital Management Inc. boosted its position in CF Industries by 15.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after purchasing an additional 549,569 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of CF Industries by 10.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company’s stock worth $111,582,000 after purchasing an additional 120,193 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in shares of CF Industries by 8.6% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,187,445 shares of the basic materials company’s stock valued at $101,313,000 after purchasing an additional 93,560 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $142,500.00. Following the completion of the sale, the executive vice president now directly owns 93,986 shares in the company, valued at approximately $8,928,670. This trade represents a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the transaction, the vice president now owns 15,871 shares in the company, valued at $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,389 shares of company stock worth $1,455,965. 0.48% of the stock is owned by corporate insiders.

CF Industries Trading Up 2.3 %

Shares of CF opened at $79.54 on Friday. The firm’s fifty day moving average is $87.35 and its two-hundred day moving average is $85.55. The stock has a market cap of $13.48 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.37 and a beta of 0.97. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $98.25.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.51%. CF Industries’s dividend payout ratio is presently 29.54%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $96.00 to $100.00 in a research report on Tuesday, January 21st. Oppenheimer dropped their target price on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Piper Sandler upped their price target on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Scotiabank lowered their price target on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a research report on Monday. Finally, Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and an average target price of $91.14.

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.