Pekin Hardy Strauss Inc. Sells 15,134 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Pekin Hardy Strauss Inc. cut its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,478 shares of the basic materials company's stock after selling 15,134 shares during the period. CF Industries comprises approximately 1.2% of Pekin Hardy Strauss Inc.'s holdings, making the stock its 11th largest holding. Pekin Hardy Strauss Inc. owned approximately 0.06% of CF Industries worth $9,085,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CF. Heck Capital Advisors LLC acquired a new stake in CF Industries in the 4th quarter valued at about $34,000. Brooklyn Investment Group acquired a new stake in shares of CF Industries in the third quarter valued at approximately $39,000. Asset Planning Inc bought a new position in CF Industries in the 4th quarter worth approximately $44,000. Arlington Trust Co LLC lifted its holdings in CF Industries by 422.0% during the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company's stock worth $49,000 after buying an additional 460 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in CF Industries during the 4th quarter worth $49,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CF Industries

In related news, VP Ashraf K. Malik sold 8,889 shares of the firm'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 sale, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the business'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 $142,500.00. Following the completion of the sale, the executive vice president now directly owns 93,986 shares in the company, valued at $8,928,670. This represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,389 shares of company stock worth $1,455,965. 0.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CF shares. Scotiabank lowered their target price on CF Industries from $88.00 to $81.00 and set a "sector underperform" rating for the company in a research note on Monday. Piper Sandler lifted their price objective on CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. UBS Group cut their target price on shares of CF Industries from $92.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada lowered their price target on shares of CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a research report on Tuesday. Finally, Barclays lowered shares of CF Industries from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $96.00 to $100.00 in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $91.14.

CF Industries Trading Down 0.9 %

CF traded down $0.67 during mid-day trading on Wednesday, hitting $77.74. The stock had a trading volume of 2,383,045 shares, compared to its average volume of 2,558,261. The stock's fifty day simple moving average is $87.57 and its 200-day simple moving average is $85.64. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.37 and a beta of 0.97. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $98.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52.

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

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, February 14th. CF Industries's dividend payout ratio (DPR) is presently 29.54%.

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.