Hartford Investment Management Co. Decreases Stake in CF Industries Holdings, Inc. (NYSE:CF)

Hartford Investment Management Co. cut its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,426 shares of the basic materials company’s stock after selling 309 shares during the quarter. Hartford Investment Management Co.’s holdings in CF Industries were worth $980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CF. Westside Investment Management Inc. purchased a new stake in shares of CF Industries in the 1st quarter worth about $25,000. Wolff Wiese Magana LLC purchased a new position in CF Industries in the 3rd quarter valued at about $28,000. Quent Capital LLC lifted its holdings 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 purchasing an additional 284 shares in the last quarter. UMB Bank n.a. lifted its holdings in CF Industries by 40.4% in the 2nd 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 2nd quarter valued at about $50,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Ashraf K. Malik sold 7,201 shares of CF Industries 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 sale, the vice president now owns 29,211 shares in the company, 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 SEC, which is available at this hyperlink. In other news, VP Ashraf K. Malik sold 7,201 shares of CF Industries 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 sale, the vice president now owns 29,211 shares in the company, 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 SEC, which is available at this hyperlink. Also, 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 transaction of $180,000.00. Following 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 disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

CF Industries Stock Down 0.0 %

CF opened at $83.19 on Friday. The firm has a 50 day moving average price of $83.10 and a 200 day moving average price of $78.34. The company has a market cap of $15.21 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 2.49 and a beta of 0.95. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year 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.

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

CF Industries Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.40%. CF Industries’s dividend payout ratio is currently 33.22%.

Analyst Ratings Changes

A number of research analysts have issued reports on CF shares. Scotiabank upped their target price on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. BMO Capital Markets upped their target price 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. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a report on Wednesday, October 16th. Mizuho upped their price objective on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company upped their price objective on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $87.67.

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.