Everence Capital Management Inc. Buys Shares of 2,530 CF Industries Holdings, Inc. (NYSE:CF)

Everence Capital Management Inc. purchased a new position in CF Industries Holdings, Inc. (NYSE:CF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,530 shares of the basic materials company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in CF Industries during the 2nd quarter valued at about $703,000. Choreo LLC boosted its holdings in CF Industries by 24.5% in the second quarter. Choreo LLC now owns 7,270 shares of the basic materials company’s stock worth $533,000 after purchasing an additional 1,430 shares during the last quarter. AdvisorShares Investments LLC bought a new stake in CF Industries in the 2nd quarter worth approximately $472,000. American Century Companies Inc. raised its stake in CF Industries by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 276,289 shares of the basic materials company’s stock valued at $20,479,000 after buying an additional 37,011 shares during the last quarter. Finally, Vest Financial LLC lifted its holdings in shares of CF Industries by 41.6% during the 2nd quarter. Vest Financial LLC now owns 311,849 shares of the basic materials company’s stock valued at $23,114,000 after buying an additional 91,670 shares during the period. 93.06% of the stock is owned by institutional investors.

Insider Buying and Selling at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,000 shares of CF Industries stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the sale, the vice president now owns 22,211 shares of the company’s stock, valued at $2,016,314.58. The trade was a 23.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Susan L. Menzel sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total value of $325,010.00. Following the sale, the executive vice president now directly owns 62,768 shares in the company, valued at $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,500 shares of company stock worth $1,224,470. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Oppenheimer initiated coverage on CF Industries in a research report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Redburn Atlantic initiated coverage on shares of CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Bank of America cut shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 16th. Finally, Piper Sandler upped their price objective on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $90.38.

CF Industries Stock Performance

NYSE CF opened at $87.00 on Thursday. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $94.46. The business has a 50-day moving average price of $87.06 and a 200-day moving average price of $81.92. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 2.37 and a beta of 0.98.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.28 billion. During the same period last year, the firm posted $0.85 EPS. The company’s revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts predict that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

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.