Centric Wealth Management Grows Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Centric Wealth Management lifted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,022 shares of the basic materials company’s stock after buying an additional 751 shares during the period. Centric Wealth Management’s holdings in CF Industries were worth $2,328,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CF. First Horizon Advisors Inc. lifted its holdings in shares of CF Industries by 8.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of CF Industries by 28.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock valued at $56,000 after buying an additional 167 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of CF Industries by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock valued at $2,004,000 after buying an additional 179 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of CF Industries by 40.4% in 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 during the period. Finally, Westwood Holdings Group Inc. lifted its stake in shares of CF Industries by 6.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,399 shares of the basic materials company’s stock worth $252,000 after acquiring an additional 197 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Price Performance

NYSE CF opened at $88.66 on Friday. The firm’s fifty day simple moving average is $85.68 and its two-hundred day simple moving average is $79.63. The firm has a market capitalization of $15.43 billion, a P/E ratio of 14.03, a P/E/G ratio of 2.34 and a beta of 0.97. 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 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts forecast that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s payout ratio is currently 31.65%.

Insiders Place Their Bets

In other CF Industries news, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the sale, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. The trade was a 2.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,201 shares of company stock valued at $1,727,694. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

CF has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their target price on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Barclays lifted their price objective on shares of CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Piper Sandler upped their target price on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Mizuho lifted their price target on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, UBS Group increased their price objective on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $88.42.

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.