Quantinno Capital Management LP Buys 8,679 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Quantinno Capital Management LP lifted its position in CF Industries Holdings, Inc. (NYSE:CF) by 118.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,991 shares of the basic materials company’s stock after purchasing an additional 8,679 shares during the period. Quantinno Capital Management LP’s holdings in CF Industries were worth $1,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CF. Wolff Wiese Magana LLC bought a new position in shares of CF Industries during the third quarter valued at $28,000. Brooklyn Investment Group purchased a new stake in shares of CF Industries during the 3rd quarter worth approximately $39,000. Quent Capital LLC increased its position in shares of CF Industries by 132.1% during the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 284 shares during the last quarter. UMB Bank n.a. grew its position 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 valued at $49,000 after acquiring an additional 191 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new position in CF Industries in the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Susan L. Menzel sold 3,500 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the sale, the executive vice president now directly owns 62,768 shares of the company’s stock, valued at approximately $5,828,636.48. This represents a 5.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the 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 owns 22,211 shares in the company, valued at $2,016,314.58. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,701 shares of company stock valued at $2,052,704 in the last quarter. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CF shares. Redburn Atlantic started coverage on CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective for the company. Oppenheimer started coverage on CF Industries in a research report on Thursday. They set an “outperform” rating and a $114.00 price objective on the stock. Wells Fargo & Company raised their target price on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Mizuho upped their price target on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Bank of America downgraded 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $90.38.

CF Industries Stock Performance

NYSE CF opened at $90.11 on Friday. 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 1-year low of $69.13 and a 1-year high of $94.46. The company has a 50 day moving average of $86.72 and a 200-day moving average of $80.61. The firm has a market cap of $15.68 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 2.33 and a beta of 0.98.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business posted $0.85 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts forecast that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 2.22%. CF Industries’s dividend payout ratio is currently 31.65%.

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.