PNC Financial Services Group Inc. Buys 179 Shares of CF Industries Holdings, Inc. (NYSE:CF)

PNC Financial Services Group Inc. increased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,353 shares of the basic materials company’s stock after purchasing an additional 179 shares during the quarter. PNC Financial Services Group Inc.’s holdings in CF Industries were worth $2,004,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in CF Industries in the third quarter worth about $1,678,000. Prospera Financial Services Inc raised its holdings in shares of CF Industries by 26.4% in the third quarter. Prospera Financial Services Inc now owns 18,485 shares of the basic materials company’s stock worth $1,586,000 after buying an additional 3,857 shares during the period. Pathstone Holdings LLC lifted its stake in shares of CF Industries by 12.2% during the 3rd quarter. Pathstone Holdings LLC now owns 17,133 shares of the basic materials company’s stock worth $1,470,000 after acquiring an additional 1,860 shares during the last quarter. Quest Partners LLC purchased a new position in CF Industries during the 3rd quarter valued at $410,000. Finally, AMG National Trust Bank bought a new position in CF Industries in the 3rd quarter valued at $887,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

CF opened at $87.42 on Tuesday. The firm has a market capitalization of $15.21 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The business’s 50-day moving average is $85.41 and its two-hundred day moving average is $79.47. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $91.06.

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

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.29%. CF Industries’s dividend payout ratio (DPR) is currently 31.65%.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 66,268 shares in the company, valued at $5,964,120. This trade represents a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was 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 owns 29,211 shares in the company, valued at approximately $2,629,574.22. This trade represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,201 shares of company stock valued at $1,727,694 in the last three months. 0.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CF has been the subject of several research analyst reports. Royal Bank of Canada lifted their target price on 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 price objective on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Wells Fargo & Company upped their target price on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Barclays lifted their price target on shares of CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Scotiabank boosted their price target on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $88.42.

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.