Allspring Global Investments Holdings LLC Purchases 60,405 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Allspring Global Investments Holdings LLC boosted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 693,276 shares of the basic materials company's stock after buying an additional 60,405 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.38% of CF Industries worth $59,483,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Westside Investment Management Inc. purchased a new stake in CF Industries in the first quarter worth $25,000. Wolff Wiese Magana LLC bought a new position in shares of CF Industries during the 3rd quarter valued at approximately $28,000. Quent Capital LLC raised its holdings in CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 284 shares during the period. UMB Bank n.a. lifted its stake in CF Industries by 40.4% in the 2nd 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 in the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of CF Industries in the 2nd quarter worth $50,000. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Down 0.3 %

CF Industries stock traded down $0.29 during midday trading on Tuesday, hitting $83.89. 1,129,878 shares of the company were exchanged, compared to its average volume of 2,094,392. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $90.86. The company has a market cap of $15.33 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 2.49 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19. The company's fifty day moving average price is $82.86 and its 200-day moving average price is $78.25.

CF Industries (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the company earned $2.70 earnings per share. The firm's revenue was down 11.4% compared to the same quarter last year. On average, research analysts predict that CF Industries Holdings, Inc. will post 5.84 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.38%. CF Industries's payout ratio is currently 33.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CF shares. Scotiabank upped their target price 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. Mizuho lifted their price target on CF Industries from $76.00 to $93.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised their target price on CF Industries from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Tuesday, September 24th. BMO Capital Markets boosted 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 Friday, August 9th. Finally, Royal Bank of Canada increased their price objective on shares of CF Industries from $85.00 to $95.00 and gave the company an "outperform" rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, CF Industries presently has an average rating of "Hold" and an average target price of $87.67.

Insider Activity

In other news, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were 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 directly owns 66,268 shares of the company's stock, valued at $5,964,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 transaction, the executive vice president now owns 66,268 shares in the company, valued at approximately $5,964,120. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the company's 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 completion of the sale, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.