Kingsview Wealth Management LLC Takes $3.15 Million Position in CF Industries Holdings, Inc. (NYSE:CF)

Kingsview Wealth Management LLC bought a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 36,704 shares of the basic materials company's stock, valued at approximately $3,149,000.

Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in CF Industries by 401.2% during the second quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company's stock valued at $269,729,000 after purchasing an additional 2,912,942 shares during the period. Boston Partners lifted its holdings in shares of CF Industries by 37.5% during the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company's stock valued at $254,920,000 after buying an additional 835,557 shares during the period. International Assets Investment Management LLC boosted its stake in shares of CF Industries by 7,617.5% in the 3rd quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company's stock worth $375,440,000 after buying an additional 431,910 shares during the last quarter. LSV Asset Management grew its holdings in shares of CF Industries by 154.3% in the second quarter. LSV Asset Management now owns 408,703 shares of the basic materials company's stock worth $30,293,000 after acquiring an additional 248,003 shares during the period. Finally, Swedbank AB purchased a new stake in CF Industries during the first quarter valued at $19,824,000. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Stock Down 2.6 %

NYSE CF traded down $2.37 during midday trading on Monday, hitting $87.42. 3,037,620 shares of the company traded hands, compared to its average volume of 2,075,193. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $91.06. The company's 50-day simple moving average is $85.41 and its 200-day simple moving average is $79.47. The company has a market cap of $15.21 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

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 the consensus estimate of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business posted $0.85 EPS. CF Industries's revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, November 15th. CF Industries's dividend payout ratio is presently 31.65%.

Wall Street Analyst Weigh In

CF has been the subject of several analyst reports. Redburn Atlantic initiated coverage on CF Industries in a research note on Friday, October 18th. They issued a "neutral" rating and a $77.00 price objective for the company. Barclays lifted their price objective on CF Industries from $90.00 to $96.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Scotiabank increased their target price on shares of CF Industries from $80.00 to $88.00 and gave the stock a "sector perform" rating in a report on Monday, August 12th. UBS Group lifted their price target on shares of CF Industries from $80.00 to $85.00 and gave the company a "neutral" rating in a report on Monday, August 26th. Finally, Wells Fargo & Company increased 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, CF Industries has a consensus rating of "Hold" and an average target price of $88.42.

Insiders Place Their Bets

In related news, EVP Bert A. Frost sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the sale, the executive vice president now owns 103,155 shares in the company, valued at $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of CF Industries 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 of the company's stock, valued at approximately $5,964,120. The trade was a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,201 shares of company stock valued at $1,727,694. Insiders own 0.48% 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.