Transamerica Financial Advisors Inc. Takes $98,000 Position in CF Industries Holdings, Inc. (NYSE:CF)

Transamerica Financial Advisors Inc. purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,140 shares of the basic materials company’s stock, valued at approximately $98,000.

A number of other large investors have also recently modified their holdings of the business. Swedbank AB bought a new stake in CF Industries in the 1st quarter worth approximately $19,824,000. Envestnet Portfolio Solutions Inc. lifted its position in CF Industries by 17.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock worth $3,724,000 after buying an additional 7,294 shares during the last quarter. Cetera Investment Advisers lifted its position in CF Industries by 286.0% in the 1st quarter. Cetera Investment Advisers now owns 34,439 shares of the basic materials company’s stock worth $2,866,000 after buying an additional 25,516 shares during the last quarter. AMG National Trust Bank bought a new stake in CF Industries in the third quarter valued at approximately $887,000. Finally, Kingsview Wealth Management LLC bought a new stake in CF Industries in the third quarter valued at approximately $3,149,000. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Piper Sandler boosted their price objective on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their price objective on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their price objective on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Mizuho boosted their price objective on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets boosted their price objective on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Two equities 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. According to MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and a consensus target price of $88.42.

CF Industries Price Performance

Shares of CF stock opened at $88.66 on Thursday. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 2.31 and a beta of 0.97. The business’s fifty day moving average is $85.54 and its 200 day moving average is $79.57. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month 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.

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

CF Industries Dividend Announcement

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

Insider Buying and Selling

In other news, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction on Friday, October 4th. The stock was 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 of the company’s stock, valued at approximately $2,629,574.22. This represents a 19.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bert A. Frost sold 3,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 103,155 shares in the company, valued at approximately $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,201 shares of company stock valued at $1,727,694 over the last ninety days. Company insiders own 0.48% 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.