FORA Capital LLC Invests $3.17 Million in CF Industries Holdings, Inc. (NYSE:CF)

FORA Capital LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,954 shares of the basic materials company’s stock, valued at approximately $3,171,000.

A number of other hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in shares of CF Industries by 8.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock valued at $139,000 after buying an additional 146 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in shares of CF Industries by 28.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 167 shares during the period. PNC Financial Services Group Inc. increased its position in shares of CF Industries by 0.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock worth $2,004,000 after purchasing an additional 179 shares during the last quarter. UMB Bank n.a. raised its holdings in CF Industries by 40.4% in the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after buying an additional 191 shares during the period. Finally, Westwood Holdings Group Inc. boosted its stake in CF Industries by 6.2% during the second quarter. Westwood Holdings Group Inc. now owns 3,399 shares of the basic materials company’s stock worth $252,000 after buying an additional 197 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

CF has been the topic of several recent analyst reports. Piper Sandler upped their price objective on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Mizuho raised their price target on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Bank of America lowered CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 16th. Scotiabank lifted their target price on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, Redburn Atlantic initiated coverage on shares of CF Industries in a research note on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, CF Industries has an average rating of “Hold” and a consensus price target of $88.42.

Insider Transactions at CF Industries

In related news, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the transaction, the executive vice president now owns 103,155 shares in the company, valued at $9,077,640. The trade was a 2.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at $5,964,120. The trade was a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,201 shares of company stock worth $1,727,694. Insiders own 0.48% of the company’s stock.

CF Industries Stock Up 0.5 %

Shares of CF Industries stock traded up $0.41 during trading hours on Wednesday, hitting $88.55. The company had a trading volume of 84,895 shares, compared to its average volume of 2,064,954. 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 company’s 50-day moving average is $85.41 and its two-hundred day moving average is $79.47. The company has a market cap of $15.41 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 2.31 and a beta of 0.97. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $91.06.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. Analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company 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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s payout ratio is currently 31.65%.

CF Industries Company 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.