Purus Wealth Management LLC Cuts Position in CF Industries Holdings, Inc. (NYSE:CF)

Purus Wealth Management LLC lowered its position in CF Industries Holdings, Inc. (NYSE:CF) by 39.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,920 shares of the basic materials company’s stock after selling 1,883 shares during the quarter. Purus Wealth Management LLC’s holdings in CF Industries were worth $249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CF. FMR LLC lifted its position in shares of CF Industries by 3.8% during the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after purchasing an additional 300,050 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CF Industries by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock worth $477,668,000 after acquiring an additional 22,392 shares during the last quarter. Victory Capital Management Inc. increased its stake in CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after purchasing an additional 549,569 shares during the period. Earnest Partners LLC lifted its holdings in shares of CF Industries by 2.8% during the second quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock worth $162,584,000 after purchasing an additional 59,674 shares during the period. Finally, Sei Investments Co. boosted its holdings in CF Industries by 5.1% in the 2nd quarter. Sei Investments Co. now owns 1,422,493 shares of the basic materials company’s stock valued at $105,435,000 after purchasing an additional 68,834 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Insider Buying and Selling

In other news, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the sale, the executive vice president now owns 92,486 shares of the company’s stock, valued at $8,878,656. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the transaction, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,389 shares of company stock valued at $2,355,425. 0.48% of the stock is currently owned by corporate insiders.

CF Industries Price Performance

CF opened at $97.01 on Monday. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The company’s 50 day simple moving average is $88.39 and its 200 day simple moving average is $82.97. The stock has a market capitalization of $16.88 billion, a PE ratio of 15.35, a P/E/G ratio of 0.69 and a beta of 0.98.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. As a group, sell-side analysts expect that CF Industries Holdings, Inc. will post 6.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Oppenheimer assumed coverage on shares of CF Industries in a research report on Thursday, December 12th. They set an “outperform” rating and a $114.00 target price on the stock. Bank of America lowered CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a report on Wednesday, October 16th. Redburn Atlantic assumed coverage on shares of CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective on the stock. Royal Bank of Canada lifted their target price 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. Finally, Barclays raised their price objective on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average target price of $92.38.

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.