Concentric Capital Strategies LP Raises Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Concentric Capital Strategies LP grew its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 4.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 24,609 shares of the basic materials company’s stock after buying an additional 1,065 shares during the period. Concentric Capital Strategies LP’s holdings in CF Industries were worth $2,111,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. FMR LLC increased its holdings in shares of CF Industries by 3.8% in the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock valued at $711,003,000 after purchasing an additional 300,050 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of CF Industries by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock worth $477,668,000 after acquiring an additional 22,392 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of CF Industries by 15.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after acquiring an additional 549,569 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of CF Industries by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock valued at $212,823,000 after acquiring an additional 198,246 shares during the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of CF Industries by 2.8% in the second quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock valued at $162,584,000 after purchasing an additional 59,674 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Insider Activity

In other CF Industries news, VP Ashraf K. Malik sold 7,000 shares of the 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 sale, the vice president now directly owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. This represents a 23.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 transaction of $180,000.00. Following the completion of the sale, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. The trade was a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,201 shares of company stock worth $1,727,694. Corporate insiders own 0.42% of the company’s stock.

CF Industries Stock Performance

Shares of CF Industries stock opened at $90.97 on Tuesday. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The business has a 50-day moving average of $85.96 and a 200 day moving average of $79.87. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $91.55.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Friday, November 15th. CF Industries’s dividend payout ratio is currently 31.65%.

Analysts Set New Price Targets

A number of brokerages have commented on CF. BMO Capital Markets lifted their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Piper Sandler upped their price objective on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Scotiabank increased their price objective on CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Barclays upped their price target on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company raised their price objective on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, CF Industries has a consensus rating of “Hold” and a consensus target price of $88.42.

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.