Creative Planning Reduces Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Creative Planning decreased its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,358 shares of the basic materials company’s stock after selling 1,958 shares during the quarter. Creative Planning’s holdings in CF Industries were worth $1,833,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CF. Wealth Enhancement Advisory Services LLC grew its holdings in shares of CF Industries by 277.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,652 shares of the basic materials company’s stock worth $1,718,000 after buying an additional 15,187 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of CF Industries during the first quarter worth about $205,000. Allspring Global Investments Holdings LLC grew its holdings in shares of CF Industries by 137.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock worth $48,305,000 after buying an additional 335,624 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of CF Industries by 3.4% during the first quarter. Azzad Asset Management Inc. ADV now owns 14,731 shares of the basic materials company’s stock worth $1,226,000 after buying an additional 484 shares during the last quarter. Finally, BluePath Capital Management LLC grew its holdings in shares of CF Industries by 46.3% during the first quarter. BluePath Capital Management LLC now owns 5,122 shares of the basic materials company’s stock worth $426,000 after buying an additional 1,620 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

CF has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 9th. UBS Group lifted their price objective on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Barclays lifted their price objective on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Scotiabank lifted their price objective on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada lifted their price objective on CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $87.67.

CF Industries Stock Down 1.5 %

CF stock opened at $81.91 on Tuesday. The stock has a market capitalization of $14.97 billion, a P/E ratio of 13.61, a PEG ratio of 2.49 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $90.86. The company has a 50 day moving average price of $83.12 and a two-hundred day moving average price of $78.31.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, topping the consensus estimate of $1.80 by $0.50. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.52 billion. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. CF Industries’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.70 EPS. As a group, sell-side analysts expect that CF Industries Holdings, Inc. will post 5.84 EPS for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.44%. CF Industries’s dividend payout ratio is presently 33.22%.

Insider Activity

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

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.