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

Meridian Wealth Management LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 5,724 shares of the basic materials company's stock, valued at approximately $491,000.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in CF Industries by 401.2% during the second quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company's stock worth $269,729,000 after buying an additional 2,912,942 shares during the period. Boston Partners boosted its position in CF Industries by 37.5% during the first quarter. Boston Partners now owns 3,063,854 shares of the basic materials company's stock worth $254,920,000 after acquiring an additional 835,557 shares during the last quarter. International Assets Investment Management LLC grew its stake in CF Industries by 7,617.5% in the 3rd quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company's stock worth $375,440,000 after acquiring an additional 431,910 shares during the period. LSV Asset Management raised its holdings in CF Industries by 154.3% in the 2nd quarter. LSV Asset Management now owns 408,703 shares of the basic materials company's stock valued at $30,293,000 after acquiring an additional 248,003 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of CF Industries during the first quarter worth $19,824,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. This trade represents a 2.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the sale, the vice president now owns 22,211 shares in the company, valued at $2,016,314.58. The trade was a 23.96 % 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 worth $1,727,694 over the last three months. 0.48% of the stock is currently owned by company insiders.

CF Industries Stock Down 2.6 %

CF traded down $2.37 during midday trading on Monday, hitting $87.42. 3,037,620 shares of the company's stock traded hands, compared to its average volume of 2,075,193. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $91.06. The stock's fifty day simple moving average is $85.25 and its 200-day simple moving average is $79.38. The company has a market cap of $15.21 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.50. The firm had revenue of $1.37 billion during 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 business's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.29%. CF Industries's dividend payout ratio (DPR) is currently 31.65%.

Analysts Set New Price Targets

CF has been the subject of several research analyst reports. Bank of America lowered shares of CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 price target for the company. in a research report on Wednesday, October 16th. Scotiabank increased their price objective on shares of CF Industries from $80.00 to $88.00 and gave the stock a "sector perform" rating in a research report on Monday, August 12th. Royal Bank of Canada lifted their target price on shares of CF Industries from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Barclays increased their price target on CF Industries from $90.00 to $96.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Finally, UBS Group boosted 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $88.42.

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.