Thrivent Financial for Lutherans Has $111.58 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

Thrivent Financial for Lutherans boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,300,485 shares of the basic materials company’s stock after acquiring an additional 120,193 shares during the quarter. Thrivent Financial for Lutherans owned 0.75% of CF Industries worth $111,582,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CF. Avantax Advisory Services Inc. bought a new position in CF Industries during the first quarter worth about $222,000. Bleakley Financial Group LLC boosted its stake in shares of CF Industries by 4.8% during the 1st quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 141 shares during the period. HBK Sorce Advisory LLC acquired a new position in shares of CF Industries during the 1st quarter worth approximately $204,000. Blair William & Co. IL raised its stake in CF Industries by 1.2% in the 1st quarter. Blair William & Co. IL now owns 29,152 shares of the basic materials company’s stock valued at $2,426,000 after acquiring an additional 333 shares during the period. Finally, Banco Santander S.A. lifted its holdings in CF Industries by 15.1% during the 1st quarter. Banco Santander S.A. now owns 5,249 shares of the basic materials company’s stock valued at $437,000 after purchasing an additional 687 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of NYSE CF opened at $87.07 on Friday. The business has a fifty day moving average price of $84.14 and a two-hundred day moving average price of $78.84. The stock has a market capitalization of $15.15 billion, a PE ratio of 13.78, a P/E/G ratio of 2.30 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. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $90.86.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. As a group, equities analysts predict that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders 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 dividend yield of 2.30%. CF Industries’s payout ratio is 31.65%.

Insider Transactions at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the completion of the transaction, the vice president now owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This represents a 19.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 of the company’s stock, valued at $5,964,120. This represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Piper Sandler upped their price objective 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. Wells Fargo & Company upped their price target on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th. Redburn Atlantic initiated coverage on shares of CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective for the company. Scotiabank upped their target price on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, Barclays lifted their price target on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $88.42.

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.