Point72 DIFC Ltd Purchases New Position in CF Industries Holdings, Inc. (NYSE:CF)

Point72 DIFC Ltd bought a new position in CF Industries Holdings, Inc. (NYSE:CF) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,056 shares of the basic materials company’s stock, valued at approximately $863,000.

A number of other institutional investors have also added to or reduced their stakes in CF. Swedbank AB raised its holdings in shares of CF Industries by 9.7% in the 2nd quarter. Swedbank AB now owns 261,383 shares of the basic materials company’s stock worth $19,374,000 after purchasing an additional 23,144 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of CF Industries by 17.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock valued at $3,724,000 after acquiring an additional 7,294 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of CF Industries during the 3rd quarter valued at $3,149,000. Cetera Investment Advisers grew its position in CF Industries by 286.0% during the first 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 in the last quarter. Finally, AMG National Trust Bank purchased a new position in shares of CF Industries during the third quarter worth about $887,000. 93.06% of the stock is owned by institutional investors.

CF Industries Stock Performance

CF stock opened at $89.37 on Friday. The stock has a market capitalization of $15.55 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The stock’s 50 day simple moving average is $86.54 and its 200 day simple moving average is $80.24. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $94.46. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm posted $0.85 earnings per share. CF Industries’s revenue was up 7.6% compared to the same quarter last year. As a group, research analysts forecast that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.50 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.24%. CF Industries’s dividend payout ratio is presently 31.65%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CF shares. UBS Group increased their target price on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Mizuho increased 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. Wells Fargo & Company increased their price objective on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Redburn Atlantic began coverage on shares of CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 target price on the stock. Finally, Royal Bank of Canada lifted their price target on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $88.42.

Insider Activity

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the transaction, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. The trade was a 19.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,701 shares of company stock valued at $2,052,704 over the last three months. Insiders own 0.42% of the company’s stock.

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.