ING Groep NV Raises Holdings in CF Industries Holdings, Inc. (NYSE:CF)

ING Groep NV raised its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 288.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,628 shares of the basic materials company's stock after purchasing an additional 71,032 shares during the period. ING Groep NV owned approximately 0.05% of CF Industries worth $8,205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC bought a new position in shares of CF Industries during the 3rd quarter valued at $28,000. Quent Capital LLC grew 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 valued at $43,000 after buying an additional 284 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company's stock worth $49,000 after buying an additional 191 shares during the period. Kimelman & Baird LLC bought a new stake in shares of CF Industries in the 2nd quarter valued at about $50,000. Finally, nVerses Capital LLC boosted 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 valued at $52,000 after acquiring an additional 500 shares during the period. Institutional investors own 93.06% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CF. Barclays increased their price target on shares of CF Industries from $90.00 to $96.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Wells Fargo & Company raised their target price on CF Industries from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 24th. Piper Sandler boosted their price target on CF Industries from $77.00 to $79.00 and gave the company an "underweight" rating in a report on Friday, November 8th. Bank of America cut CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 price objective for the company. in a report on Wednesday, October 16th. Finally, Redburn Atlantic initiated coverage on CF Industries in a report on Friday, October 18th. They set a "neutral" rating and a $77.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, CF Industries currently has an average rating of "Hold" and a consensus price target of $88.42.

CF Industries Stock Up 2.1 %

CF Industries stock traded up $1.82 during trading hours on Friday, hitting $87.07. The stock had a trading volume of 2,334,168 shares, compared to its average volume of 2,074,984. The stock's 50-day moving average price is $84.14 and its 200-day moving average price is $78.84. The stock has a market capitalization of $15.15 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $90.86. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly 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. 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 during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company's revenue was up 7.6% on a year-over-year basis. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 dividend on an annualized basis and a yield of 2.30%. CF Industries's dividend payout ratio is presently 31.65%.

Insider Activity

In other news, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction 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 transaction, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. This trade represents a 19.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the company's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the sale, the executive vice president now owns 66,268 shares of the company's stock, valued at approximately $5,964,120. The trade was a 2.93 % decrease in their position. The disclosure for this sale can be found here. 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.