Oppenheimer & Co. Inc. Lowers Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Oppenheimer & Co. Inc. lowered its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 25.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,999 shares of the basic materials company’s stock after selling 4,805 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in CF Industries were worth $1,201,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CF. Wolff Wiese Magana LLC purchased a new position in CF Industries during the third quarter worth approximately $28,000. Quent Capital LLC lifted its position in shares of CF Industries by 132.1% in the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 284 shares in the last quarter. UMB Bank n.a. lifted its position in shares of CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 191 shares in the last quarter. Kimelman & Baird LLC purchased a new position in shares of CF Industries in the second quarter valued at approximately $50,000. Finally, nVerses Capital LLC lifted its position in shares of CF Industries by 250.0% in the second 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.

Insider Activity

In other news, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value 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. The trade was a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the completion of the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. The trade was a 19.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CF. BMO Capital Markets raised their target price on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Wells Fargo & Company raised their target price on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research report on Wednesday, October 16th. Piper Sandler lifted their price objective on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Finally, UBS Group lifted their price objective on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Two equities research 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 company has an average rating of “Hold” and a consensus target price of $88.42.

CF Industries Price Performance

CF stock opened at $87.40 on Tuesday. The business has a fifty day moving average of $84.32 and a two-hundred day moving average of $78.95. 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 stock has a market cap of $15.21 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $90.86.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The company 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 is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.29%. CF Industries’s payout ratio is presently 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.