CF Industries Holdings, Inc. (NYSE:CF) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 34.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 441,470 shares of the basic materials company’s stock after purchasing an additional 112,002 shares during the quarter. Wellington Management Group LLP owned about 0.25% of CF Industries worth $37,878,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC purchased a new position in CF Industries in the third quarter worth approximately $28,000. Brooklyn Investment Group purchased a new position in shares of CF Industries in the 3rd quarter valued at about $39,000. Quent Capital LLC lifted its stake in CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 284 shares during the last quarter. UMB Bank n.a. boosted its holdings in CF Industries by 40.4% in 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 in the last quarter. Finally, Kimelman & Baird LLC purchased a new position in CF Industries in the second quarter valued at approximately $50,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays increased their target price on shares of CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Mizuho increased their price objective on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research note on Wednesday, October 16th. Redburn Atlantic initiated coverage on CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price target on the stock. Finally, Piper Sandler lifted their target price on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $90.38.

Insider Buying and Selling at CF Industries

In related news, EVP Susan L. Menzel sold 2,000 shares of the firm’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 value of $180,000.00. Following the sale, the executive vice president now owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction dated 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 directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. The trade was a 19.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,701 shares of company stock valued at $2,052,704 over the last 90 days. 0.42% of the stock is owned by corporate insiders.

CF Industries Stock Up 0.3 %

CF opened at $90.11 on Friday. The firm has a market cap of $15.68 billion, a P/E ratio of 14.26, a PEG ratio of 2.33 and a beta of 0.98. The business’s fifty day simple moving average is $86.72 and its 200 day simple moving average is $80.61. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $94.46. 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 (NYSE:CF) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. As a group, equities research analysts anticipate that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, November 15th. CF Industries’s payout ratio is 31.65%.

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.