KBC Group NV Has $48.08 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

KBC Group NV lowered its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 560,370 shares of the basic materials company's stock after selling 74,682 shares during the period. KBC Group NV owned 0.32% of CF Industries worth $48,080,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new position in shares of CF Industries during the third quarter worth $28,000. Quent Capital LLC lifted its stake in 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 purchasing an additional 284 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in CF Industries by 262.6% in the third quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company's stock valued at $57,000 after purchasing an additional 478 shares during the last quarter. UMB Bank n.a. increased its position in CF Industries by 40.4% during the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 191 shares during the period. Finally, Kimelman & Baird LLC bought a new position in CF Industries in the second quarter worth $50,000. Institutional investors and hedge funds own 93.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CF shares. Piper Sandler upped their price target on shares of CF Industries from $77.00 to $79.00 and gave the stock an "underweight" rating in a research report on Friday, November 8th. Scotiabank upped 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. Royal Bank of Canada lifted their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Wells Fargo & Company boosted their price target on CF Industries from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Tuesday, September 24th. Finally, Barclays upped their price objective on CF Industries from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $88.42.

CF Industries Trading Up 2.1 %

CF stock traded up $1.83 during trading on Friday, hitting $87.08. The company had a trading volume of 2,334,168 shares, compared to its average volume of 2,074,984. The firm has a market capitalization of $15.15 billion, a P/E ratio of 13.88, a PEG ratio of 2.25 and a beta of 0.97. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week 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. The company has a 50 day simple moving average of $83.97 and a 200-day simple moving average of $78.80.

CF Industries (NYSE:CF - Get Free Report) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. The firm 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%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, research analysts forecast that CF Industries Holdings, Inc. will post 6.32 earnings per share 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. Investors of record on Friday, November 15th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.30%. CF Industries's dividend payout ratio (DPR) is presently 31.65%.

Insider Buying and Selling at CF Industries

In other CF Industries 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 value of $648,234.02. Following the sale, the vice president now directly owns 29,211 shares in the company, valued at approximately $2,629,574.22. The trade was a 19.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Susan L. Menzel sold 2,000 shares of the business's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 66,268 shares of the company's stock, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

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.