Exchange Traded Concepts LLC Acquires Shares of 1,276 CF Industries Holdings, Inc. (NYSE:CF)

Exchange Traded Concepts LLC bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the third quarter, according to its most recent filing with the SEC. The fund bought 1,276 shares of the basic materials company’s stock, valued at approximately $109,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Westside Investment Management Inc. purchased a new position in shares of CF Industries during the 1st quarter valued at $25,000. Quent Capital LLC raised its stake in CF Industries by 132.1% in the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 284 shares during the period. UMB Bank n.a. lifted its holdings in CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 191 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in CF Industries during the second quarter valued at about $50,000. Finally, nVerses Capital LLC boosted its position in CF Industries by 250.0% during 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. 93.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CF has been the subject of a number of recent analyst reports. Barclays lifted their target price on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Wells Fargo & Company increased their target price on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. BMO Capital Markets raised their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Royal Bank of Canada upped their price target on shares of CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Bank of America lowered CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. 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 Performance

Shares of NYSE CF opened at $83.89 on Wednesday. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 2.49 and a beta of 0.95. The stock’s 50-day moving average is $82.86 and its 200 day moving average is $78.25. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $90.86.

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

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Friday, November 15th. CF Industries’s payout ratio is 33.22%.

Insider Buying and Selling at CF Industries

In related news, VP Ashraf K. Malik sold 7,201 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Ashraf K. Malik sold 7,201 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the completion of the sale, the vice president now owns 29,211 shares of the company’s stock, valued at $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 SEC, which is available through this link. Also, EVP Susan L. Menzel sold 2,000 shares of CF Industries 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 owns 66,268 shares in the company, valued at approximately $5,964,120. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

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.