ING Groep NV Boosts Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

ING Groep NV boosted its position in CF Industries Holdings, Inc. (NYSE:CF) by 288.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,628 shares of the basic materials company’s stock after buying an additional 71,032 shares during the quarter. ING Groep NV owned approximately 0.05% of CF Industries worth $8,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new stake in shares of CF Industries in the third quarter valued at approximately $28,000. Quent Capital LLC lifted its position in shares of CF Industries by 132.1% during the third 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. boosted its holdings in shares of CF Industries by 40.4% in 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 shares of CF Industries in the second quarter valued at $50,000. Finally, nVerses Capital LLC raised its stake in shares of CF Industries by 250.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 500 shares during the period. 93.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Ashraf K. Malik sold 7,201 shares of the firm’s 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 approximately $2,629,574.22. This trade represents a 19.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction on Friday, October 4th. The shares were 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 of the company’s stock, valued at $5,964,120. This represents a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on CF shares. Royal Bank of Canada lifted 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. Barclays boosted their price objective on shares of CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Piper Sandler raised their price target on shares of CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Mizuho boosted their price target on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, Redburn Atlantic began coverage on CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $88.42.

CF Industries Trading Up 2.1 %

Shares of CF stock opened at $87.08 on Friday. 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 firm has a market cap of $15.15 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. The business has a 50-day moving average price of $84.14 and a two-hundred day moving average price of $78.84. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $90.86.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. CF Industries’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Equities analysts anticipate that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.50 dividend. 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 payout ratio is presently 31.65%.

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.