Insider Selling: CF Industries Holdings, Inc. (NYSE:CF) VP Sells 7,000 Shares of Stock

CF Industries Holdings, Inc. (NYSE:CF) VP Ashraf K. Malik sold 7,000 shares of CF Industries stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the completion of the sale, the vice president now owns 22,211 shares of the company’s stock, valued at $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

CF Industries Stock Down 0.9 %

CF stock opened at $89.79 on Friday. The business’s 50-day moving average price is $85.25 and its 200-day moving average price is $79.33. The stock has a market cap of $15.63 billion, a P/E ratio of 14.21, a PEG ratio of 2.39 and a beta of 0.97. 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 twelve month low of $69.13 and a twelve month high of $91.06.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. The business 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 firm earned $0.85 earnings per share. On average, equities research analysts forecast that CF Industries Holdings, Inc. will post 6.32 EPS for the current year.

CF Industries Announces Dividend

The company 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. This represents a $2.00 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s dividend payout ratio is currently 31.65%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CF. Mizuho raised 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. UBS Group lifted their target price 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. Royal Bank of Canada increased their price target on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Piper Sandler upped their price objective on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Finally, Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, CF Industries currently has a consensus rating of “Hold” and an average target price of $88.42.

Institutional Investors Weigh In On CF Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wolff Wiese Magana LLC purchased a new stake in shares of CF Industries during the third quarter worth about $28,000. Brooklyn Investment Group purchased a new stake in CF Industries during the 3rd quarter valued at approximately $39,000. Quent Capital LLC raised its position in shares of 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 buying an additional 284 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of CF Industries by 262.6% in the third quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock worth $57,000 after buying an additional 478 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of 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 acquiring an additional 191 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

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.