National Bank of Canada FI Boosts Stake in CF Industries Holdings, Inc. (NYSE:CF)

National Bank of Canada FI raised its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 49.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,384 shares of the basic materials company’s stock after acquiring an additional 40,896 shares during the period. National Bank of Canada FI owned approximately 0.07% of CF Industries worth $10,672,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CF. Cetera Advisors LLC grew its position in CF Industries by 10.7% during the first quarter. Cetera Advisors LLC now owns 4,877 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 473 shares during the period. Czech National Bank lifted its stake in shares of CF Industries by 3.6% during the second quarter. Czech National Bank now owns 34,831 shares of the basic materials company’s stock worth $2,582,000 after purchasing an additional 1,215 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in shares of CF Industries by 20.7% during the second quarter. V Square Quantitative Management LLC now owns 3,277 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 563 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of CF Industries by 17.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock worth $3,724,000 after purchasing an additional 7,294 shares in the last quarter. Finally, Swedbank AB lifted its stake in shares of CF Industries by 9.7% during the second 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 in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CF. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price objective on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Redburn Atlantic began coverage on CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective on the stock. Piper Sandler boosted their price objective on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Finally, Barclays boosted their price target on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. 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 company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $88.42.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares in the company, valued at approximately $5,964,120. This represents a 2.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the transaction, the executive vice president now owns 103,155 shares of the company’s stock, valued at $9,077,640. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,701 shares of company stock valued at $2,052,704 over the last three months. 0.42% of the stock is owned by insiders.

CF Industries Stock Up 0.7 %

Shares of CF Industries stock opened at $88.80 on Wednesday. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The firm has a market cap of $15.45 billion, a P/E ratio of 14.05, a P/E/G ratio of 2.33 and a beta of 0.98. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $94.46. The business has a 50-day moving average price of $86.67 and a 200 day moving average price of $80.47.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. CF Industries’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. On average, sell-side analysts forecast that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.25%. The ex-dividend date was Friday, November 15th. CF Industries’s dividend payout ratio is currently 31.65%.

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.