CF Industries Holdings, Inc. (NYSE:CF) Stake Reduced by Truist Financial Corp

Truist Financial Corp trimmed its stake in CF Industries Holdings, Inc. (NYSE:CF) by 56.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,349 shares of the basic materials company’s stock after selling 12,059 shares during the quarter. Truist Financial Corp’s holdings in CF Industries were worth $693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CF. Westside Investment Management Inc. bought a new position in CF Industries in the 1st quarter worth approximately $25,000. UMB Bank n.a. grew its stake in shares of CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 191 shares in the last quarter. Kimelman & Baird LLC acquired a new position in shares of CF Industries during the second quarter valued at $50,000. Mather Group LLC. bought a new stake in shares of CF Industries during the first quarter valued at about $55,000. Finally, nVerses Capital LLC lifted its holdings in CF Industries by 250.0% in the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays boosted their price target 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. Royal Bank of Canada upped their target price on CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. UBS Group increased their price target on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Bank of America boosted their price objective on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, Scotiabank raised their target price on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $88.64.

Insider Buying and Selling at CF Industries

In other news, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now directly owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Ashraf K. Malik sold 7,201 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction 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 $5,964,120. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

CF Industries Stock Down 2.2 %

Shares of NYSE:CF opened at $85.07 on Wednesday. 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 0.37, a quick ratio of 4.19 and a current ratio of 4.70. The company has a market cap of $15.55 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 2.49 and a beta of 0.95. The firm has a 50 day simple moving average of $82.35 and a 200 day simple moving average of $78.23.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $2.70 earnings per share. CF Industries’s revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, research analysts expect that CF Industries Holdings, Inc. will post 5.84 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, November 15th. CF Industries’s payout ratio is presently 33.22%.

CF Industries 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.