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

CF Industries Holdings, Inc. (NYSE:CF) VP Richard Hoker sold 6,184 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were 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 of the company’s stock, valued at $3,775,711.55. This represents a 15.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CF Industries Stock Performance

NYSE CF traded down $4.65 during trading hours on Monday, hitting $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 quick ratio of 2.93, a current ratio of 3.37 and a debt-to-equity ratio of 0.41. The firm has a market cap of $17.08 billion, a P/E ratio of 12.35 and a beta of 0.68. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $121.80. The business has a fifty day simple moving average of $91.41 and a 200-day simple moving average of $86.38.

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

CF Industries Dividend Announcement

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

Analysts Set New Price Targets

CF has been the subject of a number of recent analyst reports. UBS Group increased their price objective on CF Industries from $86.00 to $97.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $100.00 price target on shares of CF Industries in a research report on Friday, February 20th. Wells Fargo & Company increased their price target on CF Industries from $100.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Rothschild & Co Redburn set a $72.00 price target on CF Industries in a report on Wednesday, February 4th. Finally, Bank of America cut their price objective on shares of CF Industries from $83.00 to $78.00 and set an “underperform” rating on the stock in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $96.87.

Institutional Investors Weigh In On CF Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc increased its position in shares of CF Industries by 24.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 95,289 shares of the basic materials company’s stock valued at $8,767,000 after purchasing an additional 18,666 shares during the period. Principal Financial Group Inc. raised its stake in shares of CF Industries by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 232,647 shares of the basic materials company’s stock worth $20,868,000 after buying an additional 23,942 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of CF Industries in the third quarter valued at $677,000. Assetmark Inc. boosted its stake in CF Industries by 878.2% during the third quarter. Assetmark Inc. now owns 17,941 shares of the basic materials company’s stock valued at $1,609,000 after buying an additional 16,107 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in CF Industries by 26.8% during the third quarter. Allianz Asset Management GmbH now owns 2,193,042 shares of the basic materials company’s stock valued at $196,716,000 after buying an additional 464,115 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

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.