Tidal Investments LLC Acquires 19,760 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Tidal Investments LLC raised its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 94.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,616 shares of the basic materials company’s stock after acquiring an additional 19,760 shares during the period. Tidal Investments LLC’s holdings in CF Industries were worth $3,485,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of CF Industries by 401.2% in the 2nd quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock worth $269,729,000 after purchasing an additional 2,912,942 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of CF Industries by 7,617.5% in the 3rd quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after purchasing an additional 431,910 shares in the last quarter. Barclays PLC grew its holdings in shares of CF Industries by 68.9% during the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock valued at $63,263,000 after purchasing an additional 300,873 shares during the last quarter. FMR LLC raised its position in CF Industries by 3.8% in 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 period. Finally, LSV Asset Management lifted its stake in CF Industries by 154.3% in the second quarter. LSV Asset Management now owns 408,703 shares of the basic materials company’s stock worth $30,293,000 after purchasing an additional 248,003 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Redburn Atlantic began coverage on CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Piper Sandler raised their target price on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Wells Fargo & Company upped their price target on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Oppenheimer assumed coverage on CF Industries in a research report on Thursday. They issued an “outperform” rating and a $114.00 price objective on the stock. Finally, Royal Bank of Canada upped their target price on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Two investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $90.38.

CF Industries Stock Performance

Shares of CF stock opened at $89.50 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 company’s fifty day moving average price is $86.71 and its 200-day moving average price is $80.70. The stock has a market cap of $15.57 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 2.37 and a beta of 0.98. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $94.46.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping 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 business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. CF Industries’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts expect 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. Shareholders of record on Friday, November 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, November 15th. CF Industries’s payout ratio is 31.65%.

Insider Buying and Selling at CF Industries

In related news, VP Ashraf K. Malik sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the completion of the transaction, the vice president now directly owns 22,211 shares in the company, valued at $2,016,314.58. The trade was a 23.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 66,268 shares in the company, valued at $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. Over the last 90 days, insiders sold 22,701 shares of company stock worth $2,052,704. 0.42% of the stock is owned by insiders.

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.