Confluence Wealth Services Inc. Purchases Shares of 11,594 CF Industries Holdings, Inc. (NYSE:CF)

Confluence Wealth Services Inc. acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,594 shares of the basic materials company’s stock, valued at approximately $989,000.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in CF Industries by 15.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after acquiring an additional 549,569 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of CF Industries by 7,617.5% in the third quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after purchasing an additional 431,910 shares during the period. Barclays PLC raised its stake in shares of CF Industries by 68.9% in the third quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock worth $63,263,000 after purchasing an additional 300,873 shares during the last quarter. FMR LLC lifted its holdings in shares of CF Industries by 3.8% during the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after purchasing an additional 300,050 shares during the period. Finally, Yaupon Capital Management LP purchased a new stake in CF Industries in the third quarter valued at approximately $17,437,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the sale, the vice president now owns 15,871 shares of the company’s stock, valued at $1,507,745. The trade was a 35.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the sale, the executive vice president now owns 92,486 shares of the company’s stock, valued at $8,878,656. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,389 shares of company stock valued at $2,355,425 over the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CF. Oppenheimer reduced their price target on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Scotiabank restated a “sector underperform” rating and set a $88.00 target price on shares of CF Industries in a research report on Friday, January 24th. Royal Bank of Canada lowered shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a report on Tuesday, January 21st. Barclays lowered CF Industries from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $96.00 to $100.00 in a research note on Tuesday, January 21st. Finally, UBS Group upped their target price on CF Industries from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $92.43.

CF Industries Trading Down 4.9 %

Shares of CF stock opened at $89.50 on Thursday. The stock has a 50 day simple moving average of $89.64 and a 200-day simple moving average of $84.83. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $98.25. The company has a market cap of $15.58 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.74 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, February 14th. 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.