Pathstone Holdings LLC lifted its stake in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 12.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,133 shares of the basic materials company’s stock after purchasing an additional 1,860 shares during the quarter. Pathstone Holdings LLC’s holdings in CF Industries were worth $1,470,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of CF. Wolff Wiese Magana LLC acquired a new stake in CF Industries during the 3rd quarter valued at $28,000. Quent Capital LLC grew its holdings in shares of CF Industries by 132.1% during the third 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 in the last quarter. UMB Bank n.a. raised its position in CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after buying an additional 191 shares during the period. Kimelman & Baird LLC purchased a new stake in CF Industries in the 2nd quarter worth about $50,000. Finally, nVerses Capital LLC grew its stake in CF Industries by 250.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.
CF Industries Stock Up 0.6 %
CF opened at $88.66 on Friday. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $91.06. 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 business has a 50 day moving average price of $85.68 and a 200 day moving average price of $79.63. The firm has a market cap of $15.43 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 2.31 and a beta of 0.97.
CF Industries Announces Dividend
The firm also recently disclosed 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 of this dividend is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.26%. CF Industries’s payout ratio is presently 31.65%.
Insider Buying and Selling
In related news, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the transaction, the vice president now directly owns 29,211 shares in the company, valued at $2,629,574.22. This represents a 19.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,201 shares of company stock valued at $1,727,694. Insiders own 0.42% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on CF shares. Royal Bank of Canada increased their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Mizuho lifted their target price on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Barclays upped their price target on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company lifted their price objective on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Finally, Scotiabank upped their target price on CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $88.42.
View Our Latest Report on CF Industries
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.
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