CF Industries (NYSE:CF) Stock Price Up 4.3% – Here’s Why

Shares of CF Industries Holdings, Inc. (NYSE:CF) traded up 4.3% during mid-day trading on Monday . The company traded as high as $93.71 and last traded at $92.56. 258,796 shares traded hands during trading, a decline of 83% from the average session volume of 1,528,398 shares. The stock had previously closed at $88.76.

Analyst Ratings Changes

A number of research firms recently weighed in on CF. Barclays upped their price target on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Wells Fargo & Company raised their target price on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. Mizuho raised their price objective on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Piper Sandler raised CF Industries from an “underweight” rating to an “overweight” rating and upped their target price for the company from $79.00 to $105.00 in a research note on Monday. Finally, Royal Bank of Canada boosted their price target on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.38.

CF Industries Stock Performance

The company has a market cap of $16.52 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 2.37 and a beta of 0.98. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $87.43 and its 200 day moving average price is $82.28.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 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 firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. CF Industries’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts expect that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

Insider Activity at CF Industries

In other news, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction dated 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 sale, the vice president now owns 22,211 shares of the company’s stock, valued at $2,016,314.58. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bert A. Frost sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the sale, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,889 shares of company stock worth $2,211,425. 0.42% of the stock is owned by insiders.

Institutional Trading of CF Industries

Several large investors have recently bought and sold shares of CF. Victory Capital Management Inc. boosted its stake in shares of CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after purchasing an additional 549,569 shares during the period. International Assets Investment Management LLC boosted its position in CF Industries by 7,617.5% in the 3rd quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after buying an additional 431,910 shares during the last quarter. Barclays PLC grew its stake in shares of CF Industries by 68.9% during the third quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock valued at $63,263,000 after acquiring an additional 300,873 shares in the last quarter. FMR LLC grew its stake 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 valued at $711,003,000 after acquiring an additional 300,050 shares in the last quarter. Finally, Yaupon Capital Management LP purchased a new stake in shares of CF Industries during the third quarter worth about $17,437,000. Institutional investors and hedge funds own 93.06% 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.