Wesbanco Bank Inc. Takes Position in CF Industries Holdings, Inc. (NYSE:CF)

Wesbanco Bank Inc. bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,102 shares of the basic materials company’s stock, valued at approximately $265,000.

A number of other institutional investors have also modified their holdings of the business. Wolff Wiese Magana LLC acquired a new position in CF Industries in the 3rd quarter valued at $28,000. Brooklyn Investment Group acquired a new position in CF Industries in the 3rd quarter valued at $39,000. Quent Capital LLC increased its stake in CF Industries by 132.1% in the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after buying an additional 284 shares during the period. Kimelman & Baird LLC acquired a new position in CF Industries in the 2nd quarter valued at $50,000. Finally, Catalyst Capital Advisors LLC increased its stake in CF Industries by 262.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock valued at $57,000 after buying an additional 478 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CF Industries

In related news, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the sale, the vice president now owns 15,871 shares of the company’s stock, valued at $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the sale, the executive vice president now directly owns 92,486 shares in the company, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,389 shares of company stock valued at $2,355,425 over the last quarter. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CF has been the topic of several recent research reports. Oppenheimer assumed coverage on shares of CF Industries in a research note on Thursday, December 12th. They issued an “outperform” rating and a $114.00 price objective on the stock. Scotiabank reiterated a “sector underperform” rating and issued a $88.00 price objective on shares of CF Industries in a research report on Friday. Mizuho boosted their target price on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Piper Sandler upgraded shares of CF Industries from an “underweight” rating to an “overweight” rating and increased their price target for the company from $79.00 to $105.00 in a report on Monday, January 13th. Finally, Barclays downgraded shares of CF Industries from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $96.00 to $100.00 in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $91.43.

CF Industries Price Performance

CF stock opened at $88.07 on Friday. The stock’s 50 day moving average price is $89.19 and its 200 day moving average price is $83.61. The firm has a market cap of $15.33 billion, a P/E ratio of 13.93, a PEG ratio of 0.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.50. The business had revenue of $1.37 billion for 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%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 6.37 earnings per share for the current fiscal year.

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.