Wellington Management Group LLP Has $37.88 Million Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Wellington Management Group LLP raised its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 34.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 441,470 shares of the basic materials company's stock after acquiring an additional 112,002 shares during the quarter. Wellington Management Group LLP owned approximately 0.25% of CF Industries worth $37,878,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Swedbank AB increased its stake in CF Industries by 9.7% in the second quarter. Swedbank AB now owns 261,383 shares of the basic materials company's stock valued at $19,374,000 after purchasing an additional 23,144 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in CF Industries by 17.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company's stock valued at $3,724,000 after purchasing an additional 7,294 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in CF Industries during the third quarter worth about $3,149,000. AMG National Trust Bank acquired a new stake in CF Industries during the third quarter worth about $887,000. Finally, Entropy Technologies LP increased its stake in CF Industries by 104.1% during the third quarter. Entropy Technologies LP now owns 31,111 shares of the basic materials company's stock worth $2,669,000 after acquiring an additional 15,866 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CF has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on CF Industries from $95.00 to $100.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. UBS Group upped their target price on CF Industries from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Bank of America downgraded CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 target price for the company. in a research report on Wednesday, October 16th. Redburn Atlantic started coverage on CF Industries in a research report on Friday, October 18th. They issued a "neutral" rating and a $77.00 target price for the company. Finally, Piper Sandler upped their target price on CF Industries from $77.00 to $79.00 and gave the stock an "underweight" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $90.38.

Insider Buying and Selling

In other news, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $90.00, for a total value 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 represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,701 shares of company stock worth $2,052,704 in the last three months. 0.42% of the stock is currently owned by insiders.

CF Industries Stock Performance

CF traded down $1.20 during trading hours on Friday, hitting $88.93. The company's stock had a trading volume of 503,507 shares, compared to its average volume of 2,041,991. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $94.46. 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 firm has a market capitalization of $15.48 billion, a PE ratio of 14.26, a PEG ratio of 2.37 and a beta of 0.98. The company has a 50-day simple moving average of $86.72 and a 200 day simple moving average of $80.61.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company's quarterly revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts expect that CF Industries Holdings, Inc. will post 6.32 EPS for the current year.

CF Industries Announces Dividend

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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, November 15th. CF Industries's payout ratio is 31.65%.

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.