CF Industries Holdings, Inc. (NYSE:CF) Stake Cut by Sippican Capital Advisors

Sippican Capital Advisors cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 24.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,306 shares of the basic materials company’s stock after selling 4,195 shares during the period. Sippican Capital Advisors’ holdings in CF Industries were worth $1,142,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. acquired a new position in shares of CF Industries during the first quarter valued at $25,000. Wolff Wiese Magana LLC acquired a new position in CF Industries during the third quarter worth about $28,000. Quent Capital LLC grew its holdings 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 acquiring an additional 284 shares during the period. UMB Bank n.a. boosted its position in shares of 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 during the period. Finally, Kimelman & Baird LLC acquired a new position in shares of CF Industries in the 2nd quarter valued at $50,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on CF. Wells Fargo & Company increased their price target on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Royal Bank of Canada raised their price objective on CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. 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 report on Wednesday, October 16th. Mizuho raised their price objective on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets raised their price objective on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Two 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.com, the company currently has an average rating of “Hold” and an average price target of $87.67.

CF Industries Price Performance

CF Industries stock traded up $0.44 on Thursday, reaching $82.22. The company’s stock had a trading volume of 187,639 shares, compared to its average volume of 2,064,343. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.49 and a beta of 0.95. The business’s fifty day moving average price is $83.18 and its 200 day moving average price is $78.36. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $90.86.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Equities analysts expect that CF Industries Holdings, Inc. will post 5.84 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s dividend payout ratio is currently 35.59%.

Insider Transactions at CF Industries

In other news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the sale, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the sale, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 the business’s stock in a transaction 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% 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.