Kerusso Capital Management LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 17,798 shares of the basic materials company's stock, valued at approximately $1,527,000.
Other institutional investors have also recently made changes to their positions in the company. Verdence Capital Advisors LLC bought a new stake in shares of CF Industries in the 3rd quarter worth approximately $260,000. Fiera Capital Corp bought a new stake in CF Industries in the third quarter valued at $494,000. Catalyst Capital Advisors LLC increased its position in CF Industries by 262.6% during the 3rd 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 period. QRG Capital Management Inc. raised its holdings in CF Industries by 8.5% in the 3rd quarter. QRG Capital Management Inc. now owns 10,884 shares of the basic materials company's stock worth $934,000 after purchasing an additional 855 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of CF Industries in the 3rd quarter worth about $1,153,000. Hedge funds and other institutional investors own 93.06% of the company's stock.
CF Industries Stock Performance
Shares of NYSE CF traded down $0.93 during midday trading on Friday, hitting $83.71. 2,141,062 shares of the stock traded hands, compared to its average volume of 1,572,519. The firm has a market capitalization of $14.57 billion, a P/E ratio of 13.25, a PEG ratio of 2.26 and a beta of 0.97. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $90.86. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The firm has a 50-day moving average of $83.58 and a two-hundred day moving average of $78.65.
CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.37 billion for 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 business's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. On average, equities analysts forecast that CF Industries Holdings, Inc. will post 6.12 EPS for the current fiscal year.
CF Industries Dividend Announcement
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 of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 2.39%. CF Industries's dividend payout ratio (DPR) is presently 31.65%.
Insider Buying and Selling at CF Industries
In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, the executive vice president now owns 66,268 shares in the company, valued at approximately $5,964,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction on 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 in the company, valued at approximately $5,964,120. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the business's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total value 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on CF. Scotiabank increased their price target 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. Piper Sandler raised their target price on CF Industries from $77.00 to $79.00 and gave the company an "underweight" rating in a research note on Friday. BMO Capital Markets 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 Friday, August 9th. UBS Group increased their price objective on CF Industries from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Monday, August 26th. Finally, Barclays boosted their price objective on shares of CF Industries from $90.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $88.42.
Check Out Our Latest Research Report on CF
About CF Industries
(
Free Report)
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.
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