CF Industries Holdings, Inc. (NYSE:CF) Position Raised by Wahed Invest LLC

Wahed Invest LLC grew its position in CF Industries Holdings, Inc. (NYSE:CF) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,424 shares of the basic materials company’s stock after purchasing an additional 253 shares during the period. Wahed Invest LLC’s holdings in CF Industries were worth $380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolff Wiese Magana LLC bought a new position in CF Industries in the 3rd quarter worth about $28,000. Brooklyn Investment Group bought a new position in shares of CF Industries in the third quarter valued at approximately $39,000. Quent Capital LLC boosted its holdings in shares of CF Industries by 132.1% in the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 284 shares in the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of CF Industries by 262.6% in the third quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 478 shares in the last quarter. Finally, 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 valued at $49,000 after acquiring an additional 191 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Susan L. Menzel sold 3,500 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the transaction, the executive vice president now owns 62,768 shares in the company, valued at $5,828,636.48. This represents a 5.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the transaction, the vice president now owns 22,211 shares in the company, valued at $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,701 shares of company stock worth $2,052,704 in the last quarter. 0.42% of the stock is currently owned by corporate insiders.

CF Industries Stock Down 1.1 %

Shares of NYSE:CF opened at $88.43 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The company has a market cap of $15.39 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $94.46. The firm has a 50 day simple moving average of $86.59 and a 200 day simple moving average of $80.31.

CF Industries (NYSE:CF) last issued its quarterly earnings results 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 net margin of 19.45% and a return on equity of 14.57%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, research analysts expect that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.50 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.26%. CF Industries’s payout ratio is 31.65%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CF shares. Wells Fargo & Company increased their price objective on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. Bank of America cut shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a report on Wednesday, October 16th. BMO Capital Markets increased their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Scotiabank increased their price objective on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, Redburn Atlantic started coverage on shares of CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and a consensus target price of $88.42.

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.