CF Industries Holdings, Inc. (NYSE:CF) is Pekin Hardy Strauss Inc.’s 8th Largest Position

Pekin Hardy Strauss Inc. lowered its position in CF Industries Holdings, Inc. (NYSE:CF) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,612 shares of the basic materials company’s stock after selling 8,298 shares during the quarter. CF Industries accounts for 1.3% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 8th biggest position. Pekin Hardy Strauss Inc.’s holdings in CF Industries were worth $10,434,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in shares of CF Industries by 8.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 146 shares during the period. Massmutual Trust Co. FSB ADV raised its position in CF Industries by 28.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 167 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of CF Industries by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock worth $2,004,000 after purchasing an additional 179 shares in the last quarter. UMB Bank n.a. boosted its position in shares of CF Industries by 40.4% in the second 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 period. Finally, Westwood Holdings Group Inc. grew its stake in shares of CF Industries by 6.2% in the second quarter. Westwood Holdings Group Inc. now owns 3,399 shares of the basic materials company’s stock valued at $252,000 after buying an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CF. Mizuho boosted their price target on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. 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 research note on Friday, August 9th. Piper Sandler lifted their price target on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Barclays boosted their price objective on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, UBS Group raised their target price on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average target price of $88.42.

Insider Activity

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the 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 directly owns 66,268 shares of the company’s stock, valued at $5,964,120. This trade represents a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ashraf K. Malik sold 7,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total transaction of $635,460.00. Following the transaction, the vice president now directly owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,201 shares of company stock valued at $1,727,694. Company insiders own 0.42% of the company’s stock.

CF Industries Stock Down 0.9 %

Shares of CF Industries stock opened at $89.79 on Friday. 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 business has a 50-day moving average price of $85.25 and a 200 day moving average price of $79.33. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $91.06. The firm has a market cap of $15.63 billion, a P/E ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 0.97.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts forecast that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.50 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.23%. CF Industries’s payout ratio is currently 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.