NewEdge Wealth LLC Purchases 38,125 Shares of CF Industries Holdings, Inc. (NYSE:CF)

NewEdge Wealth LLC lifted its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,860 shares of the basic materials company's stock after acquiring an additional 38,125 shares during the period. NewEdge Wealth LLC owned 0.13% of CF Industries worth $19,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of CF Industries during the 4th quarter valued at about $34,000. Brooklyn Investment Group purchased a new stake in shares of CF Industries during the 3rd quarter valued at approximately $39,000. Asset Planning Inc purchased a new stake in shares of CF Industries during the 4th quarter valued at approximately $44,000. Arlington Trust Co LLC increased its holdings in CF Industries by 422.0% in the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 460 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in CF Industries in the 4th quarter valued at approximately $49,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CF Industries

In related news, VP Ashraf K. Malik sold 8,889 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the transaction, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. This represents a 35.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Susan L. Menzel sold 1,500 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the transaction, the executive vice president now owns 92,486 shares of the company's stock, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,389 shares of company stock valued at $1,455,965 over the last ninety days. Corporate insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of CF Industries from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Oppenheimer dropped their price target on shares of CF Industries from $114.00 to $111.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada reduced their price target on shares of CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. UBS Group reduced their price objective on shares of CF Industries from $92.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Finally, Scotiabank dropped their price objective on shares of CF Industries from $88.00 to $81.00 and set a "sector underperform" rating for the company in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $90.54.

CF Industries Stock Performance

Shares of CF Industries stock traded up $1.41 during trading hours on Friday, reaching $80.99. The company's stock had a trading volume of 4,171,708 shares, compared to its average volume of 2,592,318. The stock has a market cap of $13.73 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.37 and a beta of 0.98. The company's 50 day simple moving average is $87.27 and its 200 day simple moving average is $85.58. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $98.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08.

CF Industries (NYSE:CF - Get Free Report) last released its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Friday, February 14th. CF Industries's dividend payout ratio (DPR) is currently 29.54%.

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.