Central Pacific Bank Trust Division Takes $74,000 Position in CF Industries Holdings, Inc. (NYSE:CF)

Central Pacific Bank Trust Division purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 870 shares of the basic materials company’s stock, valued at approximately $74,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of CF Industries by 15.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after buying an additional 549,569 shares in the last quarter. International Assets Investment Management LLC boosted its position in CF Industries by 7,617.5% in the third quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock worth $375,440,000 after purchasing an additional 431,910 shares during the last quarter. Barclays PLC grew its stake in CF Industries by 68.9% in the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock valued at $63,263,000 after purchasing an additional 300,873 shares during the period. FMR LLC increased its position in shares of CF Industries by 3.8% during the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock valued at $711,003,000 after purchasing an additional 300,050 shares during the last quarter. Finally, LSV Asset Management raised its stake in shares of CF Industries by 154.3% during the 2nd quarter. LSV Asset Management now owns 408,703 shares of the basic materials company’s stock worth $30,293,000 after purchasing an additional 248,003 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CF has been the subject of several research reports. Mizuho increased their price target on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Piper Sandler raised their price target on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Royal Bank of Canada upped their price objective on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Wells Fargo & Company raised their target price on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. Finally, Barclays upped their price target on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, CF Industries has an average rating of “Hold” and a consensus price target of $90.38.

Insiders Place Their Bets

In related news, VP Ashraf K. Malik sold 7,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at $2,016,314.58. This represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. This trade represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,500 shares of company stock worth $1,224,470 in the last ninety days. 0.42% of the stock is currently owned by insiders.

CF Industries Trading Up 3.1 %

Shares of CF Industries stock opened at $88.51 on Monday. The company’s 50-day moving average price is $86.66 and its 200-day moving average price is $81.67. The company has a market cap of $15.40 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 2.37 and a beta of 0.98. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $94.46. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last announced 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. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. On average, equities analysts expect that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

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.