CF Industries Holdings, Inc. (NYSE:CF) Stake Lowered by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 6.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,612 shares of the basic materials company's stock after selling 8,298 shares during the quarter. CF Industries comprises 1.3% of Pekin Hardy Strauss Inc.'s portfolio, making the stock its 8th largest position. Pekin Hardy Strauss Inc. owned approximately 0.07% of CF Industries worth $10,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CF. Swedbank AB increased its stake in shares of CF Industries by 3.8% in the 3rd quarter. Swedbank AB now owns 271,198 shares of the basic materials company's stock worth $23,269,000 after acquiring an additional 9,815 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of CF Industries by 10.0% in the 3rd quarter. Penserra Capital Management LLC now owns 5,471 shares of the basic materials company's stock worth $468,000 after purchasing an additional 496 shares in the last quarter. Cerity Partners LLC grew its stake in shares of CF Industries by 16.8% in the 3rd quarter. Cerity Partners LLC now owns 10,051 shares of the basic materials company's stock worth $862,000 after buying an additional 1,449 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in CF Industries during the 3rd quarter valued at approximately $3,149,000. Finally, Meridian Wealth Management LLC bought a new stake in CF Industries in the third quarter worth $491,000. 93.06% of the stock is owned by institutional investors.

Insider Buying and Selling at CF Industries

In other news, VP Ashraf K. Malik sold 7,201 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $2,629,574.22. This trade represents a 19.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. The trade was a 2.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,201 shares of company stock valued at $1,727,694 in the last 90 days. Insiders own 0.42% of the company's stock.

CF Industries Stock Performance

Shares of NYSE CF traded down $0.85 during trading on Friday, hitting $89.79. The company had a trading volume of 1,542,292 shares, compared to its average volume of 1,937,570. The stock has a 50 day simple moving average of $85.25 and a 200 day simple moving average of $79.38. The firm has a market capitalization of $15.63 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 2.39 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $91.06.

CF Industries (NYSE:CF - Get Free Report) last issued 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. The company 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%. CF Industries's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries's payout ratio is currently 31.65%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CF. Redburn Atlantic assumed coverage on shares of CF Industries in a research report on Friday, October 18th. They set a "neutral" rating and a $77.00 price objective on the stock. BMO Capital Markets lifted their target price on CF Industries from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. Bank of America downgraded CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 price target on the stock. in a report on Wednesday, October 16th. Scotiabank lifted their price objective on CF Industries from $80.00 to $88.00 and gave the stock a "sector perform" rating in a report on Monday, August 12th. Finally, Piper Sandler upped their target price on shares of CF Industries from $77.00 to $79.00 and gave the company an "underweight" rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, CF Industries currently has an average rating of "Hold" and an average price target 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.