Crossmark Global Holdings Inc. Has $799,000 Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Crossmark Global Holdings Inc. reduced its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 4.5% in the 3rd quarter, Holdings Channel reports. The firm owned 9,313 shares of the basic materials company’s stock after selling 438 shares during the period. Crossmark Global Holdings Inc.’s holdings in CF Industries were worth $799,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CF. Oppenheimer Asset Management Inc. boosted its stake in shares of CF Industries by 21.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,561 shares of the basic materials company’s stock valued at $380,000 after purchasing an additional 803 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of CF Industries by 15.5% during the first quarter. Russell Investments Group Ltd. now owns 212,126 shares of the basic materials company’s stock worth $17,651,000 after buying an additional 28,414 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of CF Industries during the first quarter worth $222,000. Bleakley Financial Group LLC lifted its stake in shares of CF Industries by 4.8% in the 1st quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 141 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of CF Industries by 8.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 232,096 shares of the basic materials company’s stock valued at $19,313,000 after acquiring an additional 17,630 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the transaction, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. The trade was a 19.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 completion of the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Piper Sandler increased their target price on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Barclays lifted their target price on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Mizuho raised their price target on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Royal Bank of Canada boosted their price objective on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Redburn Atlantic started coverage on CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $88.42.

CF Industries Price Performance

CF Industries stock opened at $85.74 on Friday. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 2.22 and a beta of 0.97. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $90.86. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The stock’s 50 day moving average price is $83.97 and its two-hundred day moving average price is $78.80.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the company posted $0.85 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 2.33%. CF Industries’s payout ratio is currently 31.65%.

About CF Industries

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.