Bank of Montreal Can Sells 16,994 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Bank of Montreal Can trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,516 shares of the basic materials company's stock after selling 16,994 shares during the period. Bank of Montreal Can owned approximately 0.18% of CF Industries worth $27,535,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Wolff Wiese Magana LLC bought a new stake in CF Industries during the 3rd quarter worth about $28,000. Quent Capital LLC raised its stake in shares of CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company's stock worth $43,000 after buying an additional 284 shares during the last quarter. UMB Bank n.a. lifted its holdings in CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company's stock valued at $49,000 after buying an additional 191 shares during the period. Kimelman & Baird LLC bought a new position in CF Industries in the second quarter valued at approximately $50,000. Finally, nVerses Capital LLC grew its holdings in CF Industries by 250.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company's stock worth $52,000 after acquiring an additional 500 shares during the period. 93.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CF shares. UBS Group increased their price target on shares of CF Industries from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. Barclays increased their target price on shares of CF Industries from $90.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. 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 report on Wednesday, October 16th. Redburn Atlantic began coverage on CF Industries in a research note on Friday, October 18th. They set a "neutral" rating and a $77.00 price objective on the stock. Finally, BMO Capital Markets boosted their target price on CF Industries from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $88.42.

Insider Activity at CF Industries

In related news, VP Ashraf K. Malik sold 7,201 shares of the business's stock in a transaction 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 completion of the sale, the vice president now directly owns 29,211 shares in the company, valued at $2,629,574.22. The trade was a 19.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares of the company's stock, valued at $5,964,120. This represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,201 shares of company stock worth $1,727,694. Insiders own 0.42% of the company's stock.

CF Industries Stock Performance

Shares of CF Industries stock traded up $1.00 during trading on Friday, hitting $89.66. 914,296 shares of the stock were exchanged, compared to its average volume of 2,064,043. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average price of $85.96 and a 200-day moving average price of $79.80. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $91.06.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.28 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts predict that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, November 15th. CF Industries's payout ratio 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.