CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 13.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,564 shares of the basic materials company’s stock after selling 9,375 shares during the quarter. Empowered Funds LLC’s holdings in CF Industries were worth $5,368,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CF. Wolff Wiese Magana LLC acquired a new stake in CF Industries during the 3rd quarter worth about $28,000. Quent Capital LLC boosted its stake in shares of CF Industries by 132.1% in the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after buying an additional 284 shares during the last quarter. UMB Bank n.a. grew its holdings in CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 191 shares during the period. Kimelman & Baird LLC purchased a new position in CF Industries during the second quarter valued at approximately $50,000. Finally, nVerses Capital LLC lifted its holdings in CF Industries by 250.0% in the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 1.6 %

Shares of NYSE:CF opened at $87.07 on Monday. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $90.86. The stock has a market cap of $15.15 billion, a P/E ratio of 13.78, a PEG ratio of 2.30 and a beta of 0.97. The business has a fifty day moving average of $84.14 and a two-hundred day moving average of $78.85. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

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, beating analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. On average, research analysts expect 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 will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio (DPR) is 31.65%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CF. Scotiabank lifted their target price on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Barclays lifted their price objective on shares of CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Redburn Atlantic initiated coverage on shares of CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 target price on the stock. UBS Group lifted their price target on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, Piper Sandler increased their price target on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $88.42.

Insider Transactions at CF Industries

In related news, VP Ashraf K. Malik sold 7,201 shares of CF Industries 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 completion of the transaction, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. The trade was a 19.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, the executive vice president now owns 66,268 shares in the company, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

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.