Wellington Management Group LLP Buys 112,002 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Wellington Management Group LLP raised its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 34.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 441,470 shares of the basic materials company’s stock after purchasing an additional 112,002 shares during the quarter. Wellington Management Group LLP’s holdings in CF Industries were worth $37,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in CF Industries by 8.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 146 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in CF Industries by 0.8% during 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 during the last quarter. UMB Bank n.a. grew its position in CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 191 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in CF Industries by 6.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,399 shares of the basic materials company’s stock valued at $252,000 after buying an additional 197 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its position in CF Industries by 1.5% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 14,945 shares of the basic materials company’s stock worth $1,108,000 after buying an additional 214 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Insider Buying and Selling at CF Industries

In related news, VP Ashraf K. Malik sold 7,201 shares of the 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 transaction, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This represents a 19.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 3,500 shares of the company’s 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 transaction, the executive vice president now owns 62,768 shares in the company, valued at $5,828,636.48. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,701 shares of company stock valued at $2,052,704. 0.42% of the stock is currently owned by insiders.

CF Industries Stock Performance

NYSE:CF opened at $90.11 on Friday. The stock’s 50-day moving average is $86.72 and its 200-day moving average is $80.61. 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 stock has a market cap of $15.68 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.98.

CF Industries (NYSE:CF) last announced its 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. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. CF Industries’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CF shares. Wells Fargo & Company upped their price objective on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Royal Bank of Canada upped their target price on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Piper Sandler boosted their target price on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. UBS Group raised their price target on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Finally, Oppenheimer assumed coverage on shares of CF Industries in a report on Thursday. They issued an “outperform” rating and a $114.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $90.38.

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.