CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI lessened its stake in CF Industries Holdings, Inc. (NYSE:CF) by 3.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,339 shares of the basic materials company’s stock after selling 493 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in CF Industries were worth $1,053,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CF. Wolff Wiese Magana LLC acquired a new stake in shares of CF Industries in the third quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new stake in shares of CF Industries during the third quarter worth about $39,000. Quent Capital LLC lifted its holdings in CF Industries by 132.1% during the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after buying an additional 284 shares in the last quarter. Catalyst Capital Advisors LLC boosted its holdings in CF Industries by 262.6% in the third quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 478 shares during the period. Finally, Kimelman & Baird LLC acquired a new position in shares of CF Industries during the second quarter worth about $50,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of NYSE CF opened at $88.78 on Tuesday. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The company has a market cap of $15.45 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98. The company has a 50-day simple moving average of $89.22 and a 200-day simple moving average of $83.93. 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 (NYSE:CF) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that CF Industries Holdings, Inc. will post 6.37 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on CF shares. Oppenheimer assumed coverage on CF Industries in a report on Thursday, December 12th. They issued an “outperform” rating and a $114.00 target price on the stock. Piper Sandler upped their target price on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank of Canada downgraded CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a report on Tuesday, January 21st. Barclays cut CF Industries from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $96.00 to $100.00 in a research report on Tuesday, January 21st. Finally, Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target for the company. in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $92.14.

Insider Activity

In other CF Industries news, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the completion of the transaction, the vice president now owns 22,211 shares in the company, valued at $2,016,314.58. This represents a 23.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $142,500.00. Following the sale, the executive vice president now owns 93,986 shares in the company, valued at $8,928,670. This represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,389 shares of company stock valued at $2,355,425 in the last three months. Corporate insiders own 0.42% of the company’s stock.

CF Industries 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.