CF Industries (NYSE:CF) VP Richard Hoker Sells 6,184 Shares

CF Industries Holdings, Inc. (NYSE:CF) VP Richard Hoker sold 6,184 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $109.33, for a total value of $676,096.72. Following the transaction, the vice president owned 34,535 shares in the company, valued at approximately $3,775,711.55. This represents a 15.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CF Industries Stock Down 4.0%

Shares of CF stock traded down $4.65 during trading hours on Monday, reaching $111.13. The company had a trading volume of 10,262,451 shares, compared to its average volume of 3,039,842. The company has a market capitalization of $17.08 billion, a P/E ratio of 12.35 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.93 and a current ratio of 3.37. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $121.80. The stock’s fifty day simple moving average is $91.41 and its 200 day simple moving average is $86.38.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.06. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.78 billion. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.CF Industries’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.89 EPS. As a group, sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.50 dividend. The ex-dividend date was Friday, February 13th. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. CF Industries’s payout ratio is currently 22.22%.

Hedge Funds Weigh In On CF Industries

Hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC increased its stake in CF Industries by 23.7% during the fourth quarter. Corient Private Wealth LLC now owns 26,623 shares of the basic materials company’s stock valued at $2,059,000 after purchasing an additional 5,100 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of CF Industries by 18,480.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 929 shares of the basic materials company’s stock valued at $72,000 after buying an additional 924 shares during the period. MidFirst Bank acquired a new stake in CF Industries during the fourth quarter worth about $101,000. SG Trading Solutions LLC bought a new position in CF Industries in the fourth quarter worth about $1,440,000. Finally, Kera Capital Partners Inc. lifted its holdings in CF Industries by 115.1% in the fourth quarter. Kera Capital Partners Inc. now owns 5,987 shares of the basic materials company’s stock worth $463,000 after acquiring an additional 3,204 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CF. Barclays boosted their price target on CF Industries from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. BNP Paribas Exane increased their target price on CF Industries from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. BMO Capital Markets lifted their price target on shares of CF Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of CF Industries in a report on Monday, December 29th. Finally, Scotiabank boosted their target price on shares of CF Industries from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and a consensus price target of $96.87.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.