National Bank of Canada FI Buys 40,896 Shares of CF Industries Holdings, Inc. (NYSE:CF)

National Bank of Canada FI grew its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 49.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,384 shares of the basic materials company's stock after purchasing an additional 40,896 shares during the period. National Bank of Canada FI owned approximately 0.07% of CF Industries worth $10,672,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CF. Wolff Wiese Magana LLC purchased a new position in CF Industries during the third quarter valued at approximately $28,000. Brooklyn Investment Group bought a new position in shares of CF Industries in the third quarter worth approximately $39,000. 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 buying an additional 284 shares in the last quarter. UMB Bank n.a. lifted its stake in CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company's stock worth $49,000 after purchasing an additional 191 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of CF Industries in the 2nd quarter worth about $50,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CF Industries

In other news, EVP Bert A. Frost sold 3,000 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the transaction, the executive vice president now directly owns 103,155 shares in the company, valued at $9,077,640. The trade was a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the 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 sale, the executive vice president now owns 66,268 shares of the company's stock, valued at $5,964,120. This represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,701 shares of company stock worth $2,052,704 in the last three months. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on CF shares. Royal Bank of Canada upped their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Bank of America downgraded CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 16th. Mizuho upped their price target on shares of CF Industries from $76.00 to $93.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Piper Sandler raised their price target on shares of CF Industries from $77.00 to $79.00 and gave the stock an "underweight" rating in a report on Friday, November 8th. Finally, UBS Group upped their price objective on shares of CF Industries from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $88.42.

CF Industries Stock Up 1.1 %

Shares of CF stock traded up $1.00 during mid-day trading on Wednesday, reaching $89.84. 1,341,265 shares of the company's stock traded hands, compared to its average volume of 2,051,584. The company has a market cap of $15.63 billion, a P/E ratio of 14.05, a P/E/G ratio of 2.33 and a beta of 0.98. 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 Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $94.46. The company's 50-day moving average price is $86.67 and its 200-day moving average price is $80.47.

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 for the quarter, beating analysts' consensus estimates of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business earned $0.85 EPS. CF Industries's revenue was up 7.6% compared to the same quarter last year. On average, equities analysts expect that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 2.23%. CF Industries's payout ratio is 31.65%.

CF Industries 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.