CF Industries Holdings, Inc. (NYSE:CF) Position Lessened by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC lowered its position in CF Industries Holdings, Inc. (NYSE:CF) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,421 shares of the basic materials company’s stock after selling 369 shares during the quarter. Peddock Capital Advisors LLC’s holdings in CF Industries were worth $718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of CF Industries in the 2nd quarter valued at $703,000. Choreo LLC lifted its position in shares of CF Industries by 24.5% in the second quarter. Choreo LLC now owns 7,270 shares of the basic materials company’s stock worth $533,000 after buying an additional 1,430 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of CF Industries by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 276,289 shares of the basic materials company’s stock worth $20,479,000 after acquiring an additional 37,011 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of CF Industries by 32.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,063 shares of the basic materials company’s stock valued at $449,000 after acquiring an additional 1,502 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of CF Industries by 8.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 280,628 shares of the basic materials company’s stock valued at $20,800,000 after acquiring an additional 21,766 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CF has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a report on Wednesday, October 16th. Redburn Atlantic started coverage on shares of CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Royal Bank of Canada lifted their price objective on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Mizuho increased their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $92.38.

CF Industries Stock Performance

CF traded up $6.70 during trading on Monday, reaching $95.46. 3,067,466 shares of the company’s stock were exchanged, compared to its average volume of 1,934,071. The business has a 50 day moving average price of $87.25 and a 200 day moving average price of $82.14. The company has a market capitalization of $16.61 billion, a P/E ratio of 15.10, a PEG ratio of 2.37 and a beta of 0.98. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $95.72. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last released its quarterly earnings data 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 company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, analysts predict that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Susan L. Menzel sold 3,500 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total value of $325,010.00. Following the transaction, the executive vice president now directly owns 62,768 shares in the company, valued at $5,828,636.48. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total transaction of $264,000.00. Following the sale, the executive vice president now owns 103,155 shares of the company’s stock, valued at $9,077,640. The trade was a 2.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,500 shares of company stock worth $1,224,470. Insiders own 0.42% of the company’s stock.

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.