Centric Wealth Management Buys 459 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Centric Wealth Management boosted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 1.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,481 shares of the basic materials company’s stock after acquiring an additional 459 shares during the period. Centric Wealth Management’s holdings in CF Industries were worth $2,430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CF. Cerity Partners LLC lifted its holdings in shares of CF Industries by 16.8% during the 3rd quarter. Cerity Partners LLC now owns 10,051 shares of the basic materials company’s stock worth $862,000 after acquiring an additional 1,449 shares during the period. Townsquare Capital LLC bought a new stake in CF Industries during the third quarter worth $373,000. Public Sector Pension Investment Board boosted its holdings in shares of CF Industries by 17.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 7,514 shares of the basic materials company’s stock valued at $645,000 after purchasing an additional 1,100 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of CF Industries in the 3rd quarter valued at $514,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of CF Industries during the 3rd quarter worth $202,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Up 0.9 %

CF Industries stock opened at $78.11 on Tuesday. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.37 and a beta of 0.99. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $98.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. The firm has a 50 day moving average price of $82.11 and a two-hundred day moving average price of $85.15.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Equities analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.56%. CF Industries’s payout ratio is currently 29.54%.

Insider Buying and Selling at CF Industries

In other news, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the transaction, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $142,500.00. Following the transaction, the executive vice president now directly owns 93,986 shares in the company, valued at $8,928,670. This trade represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,889 shares of company stock valued at $1,130,955. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on CF. JPMorgan Chase & Co. cut CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $82.00 to $75.00 in a research report on Friday, January 24th. The Goldman Sachs Group started coverage on shares of CF Industries in a report on Thursday, March 13th. They set a “neutral” rating and a $86.00 price target on the stock. Oppenheimer cut their target price on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Royal Bank of Canada lowered their price target on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Finally, Piper Sandler raised their price objective on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $89.86.

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.