Moran Wealth Management LLC Buys 3,679 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Moran Wealth Management LLC boosted its position in CF Industries Holdings, Inc. (NYSE:CF) by 97.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,456 shares of the basic materials company’s stock after purchasing an additional 3,679 shares during the quarter. Moran Wealth Management LLC’s holdings in CF Industries were worth $636,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CF. FMR LLC boosted its position in shares of CF Industries by 3.8% in the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after purchasing an additional 300,050 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in CF Industries by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock worth $494,202,000 after acquiring an additional 225,109 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of CF Industries by 7.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock worth $382,901,000 after acquiring an additional 299,173 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of CF Industries by 10.2% during the third quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company’s stock worth $111,582,000 after acquiring an additional 120,193 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its holdings in shares of CF Industries by 8.6% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,187,445 shares of the basic materials company’s stock valued at $101,313,000 after acquiring an additional 93,560 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Trading Up 1.3 %

Shares of NYSE:CF opened at $77.80 on Thursday. The company has a market capitalization of $13.19 billion, a PE ratio of 11.49, a PEG ratio of 0.37 and a beta of 0.99. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $98.25. The business has a 50 day moving average of $85.97 and a two-hundred day moving average of $85.39. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Friday, February 14th. CF Industries’s payout ratio is currently 29.54%.

Insider Activity

In related news, EVP Susan L. Menzel sold 1,500 shares of CF Industries 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 owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s 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 transaction, the vice president now owns 15,871 shares of the company’s stock, valued at $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,889 shares of company stock worth $1,130,955 in the last ninety days. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

CF has been the topic of several research analyst reports. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price on the stock in a research report on Monday, February 24th. UBS Group dropped their price objective on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reduced their target price on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Barclays dropped their price target on CF Industries from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th. Finally, Piper Sandler raised their price objective on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and a consensus price target of $90.15.

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.