Empowered Funds LLC Sells 9,375 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Empowered Funds LLC lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,564 shares of the basic materials company's stock after selling 9,375 shares during the quarter. Empowered Funds LLC's holdings in CF Industries were worth $5,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Wolff Wiese Magana LLC bought a new stake in shares of CF Industries during the 3rd quarter valued at $28,000. Quent Capital LLC raised its position in shares of CF Industries by 132.1% during the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 284 shares during the period. Catalyst Capital Advisors LLC increased its holdings in CF Industries by 262.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company's stock valued at $57,000 after acquiring an additional 478 shares during the last quarter. UMB Bank n.a. increased its holdings in CF Industries by 40.4% in the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 191 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in CF Industries in the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Trading Up 0.4 %

CF Industries stock traded up $0.31 during trading hours on Monday, hitting $87.38. The company had a trading volume of 1,735,231 shares, compared to its average volume of 2,073,460. The firm has a market cap of $15.21 billion, a P/E ratio of 13.78, a P/E/G ratio of 2.30 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 1 year low of $69.13 and a 1 year high of $90.86. The company has a 50-day moving average price of $84.14 and a two-hundred day moving average price of $78.85.

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. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. On average, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.50 dividend. 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 is currently 31.65%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Royal Bank of Canada lifted their price target 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. Bank of America downgraded shares of 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. Mizuho lifted their price objective on shares of CF Industries from $76.00 to $93.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on shares of CF Industries from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 24th. Finally, Scotiabank lifted 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 note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $88.42.

Insider Activity

In related news, VP Ashraf K. Malik sold 7,201 shares of the business's stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the transaction, the vice president now 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 legal filing with the SEC, which is available through this link. Also, EVP Susan L. Menzel sold 2,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

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.