JustInvest LLC Increases Stake in CF Industries Holdings, Inc. (NYSE:CF)

JustInvest LLC boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 37.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,574 shares of the basic materials company’s stock after purchasing an additional 1,799 shares during the quarter. JustInvest LLC’s holdings in CF Industries were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CF. American Century Companies Inc. grew its position in CF Industries by 17.6% during the 2nd quarter. American Century Companies Inc. now owns 22,713 shares of the basic materials company’s stock valued at $1,169,000 after purchasing an additional 3,400 shares during the last quarter. HighTower Advisors LLC grew its position in CF Industries by 8.5% during the 2nd quarter. HighTower Advisors LLC now owns 15,879 shares of the basic materials company’s stock valued at $822,000 after purchasing an additional 1,247 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in CF Industries by 12.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,605 shares of the basic materials company’s stock valued at $2,038,000 after purchasing an additional 4,523 shares during the last quarter. WINTON GROUP Ltd grew its position in CF Industries by 2.0% during the 2nd quarter. WINTON GROUP Ltd now owns 16,446 shares of the basic materials company’s stock valued at $846,000 after purchasing an additional 320 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in CF Industries by 73.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 4,699 shares of the basic materials company’s stock valued at $241,000 after purchasing an additional 1,996 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

CF Industries stock opened at $66.44 on Friday. The firm has a 50 day moving average of $65.66 and a 200 day moving average of $56.25. The firm has a market capitalization of $14.25 billion, a price-to-earnings ratio of 48.15, a P/E/G ratio of 0.88 and a beta of 1.05. CF Industries Holdings, Inc. has a 12-month low of $39.87 and a 12-month high of $74.77. The company has a current ratio of 1.79, a quick ratio of 1.38 and a debt-to-equity ratio of 0.62.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, November 3rd. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.01). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.43 billion. CF Industries had a return on equity of 12.08% and a net margin of 5.86%. On average, analysts predict that CF Industries Holdings, Inc. will post 5.74 EPS for the current year.

In other CF Industries news, VP Ashraf K. Malik sold 23,458 shares of the stock in a transaction that occurred on Wednesday, December 22nd. The shares were sold at an average price of $70.00, for a total transaction of $1,642,060.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Douglas C. Barnard sold 35,207 shares of the stock in a transaction that occurred on Monday, November 8th. The shares were sold at an average price of $62.65, for a total transaction of $2,205,718.55. The disclosure for this sale can be found here. Insiders sold a total of 167,210 shares of company stock valued at $11,089,034 over the last three months. 2.00% of the stock is currently owned by insiders.

CF has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of CF Industries from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, October 1st. Piper Sandler initiated coverage on shares of CF Industries in a research note on Thursday, December 16th. They set an “overweight” rating and a $78.00 target price on the stock. Zacks Investment Research upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a research note on Wednesday, November 10th. Citigroup upped their target price on shares of CF Industries from $69.00 to $86.00 in a research note on Tuesday. Finally, UBS Group upped their target price on shares of CF Industries from $70.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, January 4th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $67.10.

CF Industries Profile

CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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