CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 25.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,999 shares of the basic materials company’s stock after selling 4,805 shares during the period. Oppenheimer & Co. Inc.’s holdings in CF Industries were worth $1,201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wolff Wiese Magana LLC purchased a new stake in CF Industries during the 3rd quarter worth about $28,000. Quent Capital LLC lifted its holdings in CF Industries by 132.1% during the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after buying an additional 284 shares during the last quarter. UMB Bank n.a. lifted its holdings in CF Industries by 40.4% during the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after buying an additional 191 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in CF Industries during the 2nd quarter worth about $50,000. Finally, nVerses Capital LLC lifted its holdings in CF Industries by 250.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after buying an additional 500 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on CF shares. UBS Group lifted their price target on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Piper Sandler boosted their target price on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Redburn Atlantic began coverage on CF Industries in a report on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price for the company. Mizuho boosted their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets boosted their target price on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $88.42.

CF Industries Stock Performance

Shares of CF stock opened at $87.40 on Tuesday. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average price is $84.32 and its 200 day moving average price is $78.95. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $90.86. The stock has a market capitalization of $15.21 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.

CF Industries (NYSE:CF) last released its 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. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 6.32 EPS for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s payout ratio is 31.65%.

Insiders Place Their Bets

In related news, EVP Susan L. Menzel sold 2,000 shares of the company’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 in the company, valued at $5,964,120. This represents a 2.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $2,629,574.22. This represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

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.