CF Industries (NYSE:CF) EVP Sells $756,000.00 in Stock

CF Industries Holdings, Inc. (NYSE:CFGet Free Report) EVP Bert Frost sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $126.00, for a total value of $756,000.00. Following the completion of the sale, the executive vice president owned 69,472 shares of the company’s stock, valued at approximately $8,753,472. The trade was a 7.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CF Industries Stock Performance

Shares of CF stock traded down $1.58 during trading hours on Thursday, reaching $125.15. 6,480,449 shares of the company traded hands, compared to its average volume of 3,759,943. The firm has a 50-day moving average price of $98.46 and a 200 day moving average price of $88.39. The company has a market cap of $19.23 billion, a P/E ratio of 13.91 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.37 and a quick ratio of 2.93. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $137.44.

CF Industries (NYSE:CFGet Free Report) last released its earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.06. CF Industries had a net margin of 20.54% and a return on equity of 19.84%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the firm posted $1.89 EPS. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. As a group, sell-side analysts predict 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. Stockholders of record on Friday, February 13th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, February 13th. CF Industries’s dividend payout ratio (DPR) is presently 22.22%.

Hedge Funds Weigh In On CF Industries

Several institutional investors have recently added to or reduced their stakes in CF. Harbor Capital Advisors Inc. increased its stake in CF Industries by 78.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 128 shares during the last quarter. True Wealth Design LLC increased its position in CF Industries by 396.2% in the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 309 shares during the last quarter. Eastern Bank purchased a new stake in CF Industries during the third quarter valued at $35,000. Peterson Wealth Services lifted its position in CF Industries by 451.3% during the third quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 361 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in CF Industries during the third quarter valued at $41,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. BNP Paribas Exane increased their price target on CF Industries from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. UBS Group boosted their price objective on CF Industries from $86.00 to $97.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. BMO Capital Markets increased their target price on CF Industries from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank lifted their target price on CF Industries from $82.00 to $85.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Finally, Canadian Imperial Bank of Commerce upped their price target on CF Industries from $100.00 to $118.00 and gave the stock a “neutral” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $101.73.

Check Out Our Latest Research Report on CF Industries

Key CF Industries News

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About CF Industries

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for CF Industries (NYSE:CF)

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