Weiss Asset Management LP Acquires Shares of 119,861 CF Industries Holdings, Inc. (NYSE:CF)

Weiss Asset Management LP bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 119,861 shares of the basic materials company's stock, valued at approximately $10,284,000. Weiss Asset Management LP owned 0.07% of CF Industries as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in shares of CF Industries by 8.5% in the second quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company's stock valued at $139,000 after purchasing an additional 146 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of CF Industries by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company's stock worth $2,004,000 after purchasing an additional 179 shares in the last quarter. UMB Bank n.a. lifted its position in shares of CF Industries by 40.4% in 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 in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of CF Industries by 6.2% in the second quarter. Westwood Holdings Group Inc. now owns 3,399 shares of the basic materials company's stock worth $252,000 after purchasing an additional 197 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its position in shares of CF Industries by 1.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 14,945 shares of the basic materials company's stock worth $1,108,000 after purchasing an additional 214 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Trading Down 1.0 %

NYSE:CF traded down $0.92 during mid-day trading on Friday, hitting $88.45. 698,122 shares of the company's stock were exchanged, compared to its average volume of 2,056,565. The company has a 50 day simple moving average of $86.54 and a 200-day simple moving average of $80.24. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $94.46. The firm has a market capitalization of $15.39 billion, a P/E ratio of 14.14, a PEG ratio of 2.48 and a beta of 0.98.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.50. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. As a group, research analysts expect that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.50 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. CF Industries's dividend payout ratio is currently 31.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. UBS Group boosted their price objective on shares of CF Industries from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Piper Sandler upped their price target on shares of CF Industries from $77.00 to $79.00 and gave the stock an "underweight" rating in a research report on Friday, November 8th. Royal Bank of Canada upped their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Redburn Atlantic began coverage on shares of CF Industries in a research report on Friday, October 18th. They set a "neutral" rating and a $77.00 price target on the stock. Finally, Bank of America downgraded shares of CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 price objective on the stock. in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $88.42.

Insider Activity

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the sale, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. The trade was a 19.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the business's stock in a transaction 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 $5,964,120. This trade represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,701 shares of company stock worth $2,052,704 in the last quarter. 0.42% of the stock is owned by corporate insiders.

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.