Brooklyn Investment Group Takes $39,000 Position in CF Industries Holdings, Inc. (NYSE:CF)

Brooklyn Investment Group bought a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the third quarter, Holdings Channel.com reports. The fund bought 454 shares of the basic materials company’s stock, valued at approximately $39,000.

A number of other large investors have also recently made changes to their positions in CF. Atria Investments Inc purchased a new stake in shares of CF Industries during the first quarter valued at $1,040,000. Burney Co. lifted its stake in CF Industries by 3.8% in the first quarter. Burney Co. now owns 10,310 shares of the basic materials company’s stock worth $858,000 after acquiring an additional 375 shares during the period. Cetera Investment Advisers lifted its stake in CF Industries by 286.0% in the first quarter. Cetera Investment Advisers now owns 34,439 shares of the basic materials company’s stock worth $2,866,000 after acquiring an additional 25,516 shares during the period. Cetera Advisors LLC lifted its stake in CF Industries by 10.7% in the first quarter. Cetera Advisors LLC now owns 4,877 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 473 shares during the period. Finally, Transcend Capital Advisors LLC purchased a new stake in CF Industries in the second quarter worth about $207,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CF has been the subject of a number of research reports. Royal Bank of Canada upped their price objective on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Mizuho upped their price objective on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Piper Sandler upped their price objective on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. BMO Capital Markets upped their price objective on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Scotiabank upped 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average target price of $88.42.

CF Industries Stock Performance

CF opened at $89.66 on Friday. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $91.06. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The company has a market cap of $15.60 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. The firm’s 50-day moving average price is $85.80 and its 200-day moving average price is $79.69.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued 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 dividend yield of 2.23%. CF Industries’s dividend payout ratio (DPR) is currently 31.65%.

Insider Activity

In other CF Industries news, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the sale, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. This represents a 2.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. This trade represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,201 shares of company stock worth $1,727,694 over the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

CF Industries Company Profile

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.