Michael Patrick Mcgrane Sells 3,666 Shares of CF Industries (NYSE:CF) Stock

CF Industries Holdings, Inc. (NYSE:CF) SVP Michael Patrick Mcgrane sold 3,666 shares of CF Industries stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $116.50, for a total value of $427,089.00. Following the sale, the senior vice president directly owned 19,161 shares in the company, valued at approximately $2,232,256.50. This trade represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Patrick Mcgrane also recently made the following trade(s):

• On Tuesday, March 3rd, Michael Patrick Mcgrane sold 2,766 shares of CF Industries stock. The shares were sold at an average price of $105.36, for a total value of $291,425.76.

CF Industries Stock Performance

Shares of CF stock traded down $4.65 during mid-day trading on Monday, reaching $111.13. The stock had a trading volume of 10,262,451 shares, compared to its average volume of 3,039,842. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $121.80. The firm has a market cap of $17.08 billion, a PE ratio of 12.35 and a beta of 0.68. The firm’s 50 day simple moving average is $91.41 and its 200 day simple moving average is $86.38. The company has a quick ratio of 2.93, a current ratio of 3.37 and a debt-to-equity ratio of 0.41.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.06. The business had revenue of $1.87 billion for 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 earnings per share. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Lakewood Asset Management LLC lifted its position in CF Industries by 0.9% during the 4th quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company’s stock worth $957,000 after buying an additional 111 shares in the last quarter. Farther Finance Advisors LLC increased its position in CF Industries by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,365 shares of the basic materials company’s stock valued at $183,000 after acquiring an additional 116 shares in the last quarter. Blair William & Co. IL raised its stake in shares of CF Industries by 0.7% in the fourth quarter. Blair William & Co. IL now owns 17,528 shares of the basic materials company’s stock worth $1,356,000 after acquiring an additional 116 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of CF Industries by 78.0% during the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 128 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of CF Industries by 4.9% during the third quarter. Kingsview Wealth Management LLC now owns 2,898 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 135 shares in the last quarter. 93.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CF. Rothschild & Co Redburn set a $72.00 target price on shares of CF Industries in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their price target on shares of CF Industries from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. BNP Paribas Exane lifted their price objective on CF Industries from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, February 23rd. BMO Capital Markets upped their price objective on CF Industries from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, Barclays increased their target price on CF Industries from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to 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.