Centric Wealth Management Increases Stake in CF Industries Holdings, Inc. (NYSE:CF)

Centric Wealth Management grew its stake in CF Industries Holdings, Inc. (NYSE:CF) by 2.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 28,022 shares of the basic materials company’s stock after buying an additional 751 shares during the quarter. Centric Wealth Management’s holdings in CF Industries were worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new position in CF Industries in the 3rd quarter worth about $28,000. Brooklyn Investment Group acquired a new stake in CF Industries in the 3rd quarter valued at $39,000. Quent Capital LLC increased its holdings in CF Industries by 132.1% in the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 284 shares in the last quarter. UMB Bank n.a. raised its position 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. Finally, Kimelman & Baird LLC purchased a new stake in shares of CF Industries during the second quarter worth about $50,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Up 0.6 %

Shares of CF opened at $88.66 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. The firm has a market cap of $15.43 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. The company’s 50-day moving average price is $85.68 and its 200 day moving average price is $79.63. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $91.06.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share 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 during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, sell-side analysts forecast that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. CF Industries’s dividend payout ratio is presently 31.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Piper Sandler boosted their price objective on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Barclays increased their price objective on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. UBS Group lifted their target price on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. BMO Capital Markets increased their target price on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Mizuho boosted their price target on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $88.42.

Insider Activity at CF Industries

In other news, VP Ashraf K. Malik sold 7,201 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 29,211 shares in the company, valued at approximately $2,629,574.22. This trade represents a 19.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the sale, the executive vice president now owns 66,268 shares in the company, valued at approximately $5,964,120. This represents a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,201 shares of company stock worth $1,727,694. Corporate insiders own 0.42% of the company’s stock.

CF Industries 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.