Concentric Capital Strategies LP Grows Stake in CF Industries Holdings, Inc. (NYSE:CF)

Concentric Capital Strategies LP grew its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,609 shares of the basic materials company’s stock after purchasing an additional 1,065 shares during the period. Concentric Capital Strategies LP’s holdings in CF Industries were worth $2,111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Swedbank AB raised its stake in CF Industries by 9.7% in the second quarter. Swedbank AB now owns 261,383 shares of the basic materials company’s stock valued at $19,374,000 after buying an additional 23,144 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of CF Industries by 17.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock valued at $3,724,000 after purchasing an additional 7,294 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in CF Industries in the 3rd quarter worth approximately $3,149,000. Cetera Investment Advisers grew its position in CF Industries by 286.0% during the 1st quarter. Cetera Investment Advisers now owns 34,439 shares of the basic materials company’s stock worth $2,866,000 after purchasing an additional 25,516 shares during the last quarter. Finally, AMG National Trust Bank purchased a new stake in CF Industries during the 3rd quarter worth approximately $887,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Insider Buying and Selling

In other news, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the transaction, the vice president now directly owns 22,211 shares of the company’s stock, valued at $2,016,314.58. This represents a 23.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bert A. Frost sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the transaction, the executive vice president now owns 103,155 shares in the company, valued at $9,077,640. This trade represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,201 shares of company stock valued at $1,727,694. 0.42% of the stock is owned by company insiders.

CF Industries Trading Up 1.5 %

Shares of NYSE:CF opened at $90.97 on Tuesday. The company has a market capitalization of $15.83 billion, a PE ratio of 14.39, a PEG ratio of 2.37 and a beta of 0.97. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $91.55. The business has a 50 day moving average of $85.96 and a two-hundred day moving average of $79.87. 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 (NYSE:CF) last announced 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. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, analysts forecast that CF Industries Holdings, Inc. will post 6.32 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.20%. CF Industries’s dividend payout ratio is presently 31.65%.

Analyst Upgrades and Downgrades

CF has been the subject of several research reports. Scotiabank lifted their price objective 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. Wells Fargo & Company lifted their price target on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. Piper Sandler increased their price objective on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a research note on Wednesday, October 16th. Finally, Mizuho upped their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, CF Industries currently has an average rating of “Hold” and an average target price of $88.42.

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.