Empowered Funds LLC Reduces Position in CF Industries Holdings, Inc. (NYSE:CF)

Empowered Funds LLC reduced its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 13.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 62,564 shares of the basic materials company’s stock after selling 9,375 shares during the period. Empowered Funds LLC’s holdings in CF Industries were worth $5,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CF. CIBC Asset Management Inc lifted its position in shares of CF Industries by 6.0% during the 3rd quarter. CIBC Asset Management Inc now owns 31,203 shares of the basic materials company’s stock worth $2,677,000 after buying an additional 1,769 shares during the last quarter. ING Groep NV raised its stake in CF Industries by 288.8% during the 3rd quarter. ING Groep NV now owns 95,628 shares of the basic materials company’s stock worth $8,205,000 after acquiring an additional 71,032 shares in the last quarter. Metis Global Partners LLC lifted its position in CF Industries by 14.7% in the third quarter. Metis Global Partners LLC now owns 18,679 shares of the basic materials company’s stock valued at $1,603,000 after acquiring an additional 2,392 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in CF Industries by 14.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 6,924 shares of the basic materials company’s stock valued at $594,000 after acquiring an additional 861 shares in the last quarter. Finally, RPG Investment Advisory LLC grew its holdings in shares of CF Industries by 0.8% during the third quarter. RPG Investment Advisory LLC now owns 124,826 shares of the basic materials company’s stock worth $10,710,000 after purchasing an additional 983 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Up 1.6 %

Shares of CF Industries stock opened at $87.07 on Monday. The company has a market cap of $15.15 billion, a P/E ratio of 13.78, a PEG ratio of 2.30 and a beta of 0.97. The firm has a fifty day moving average of $84.14 and a two-hundred day moving average of $78.85. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $90.86.

CF Industries (NYSE:CF) last posted its quarterly 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 firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts forecast that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid 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 2.30%. CF Industries’s dividend payout ratio (DPR) is presently 31.65%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CF shares. Redburn Atlantic began coverage on CF Industries in a report on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price for the company. UBS Group boosted their price objective on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research report on Wednesday, October 16th. Piper Sandler upped their price target on shares of CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Finally, 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 report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CF Industries has an average rating of “Hold” and an average target price of $88.42.

Insider Buying and Selling

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the transaction, the executive vice president now directly owns 66,268 shares in the company, valued at approximately $5,964,120. This represents a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the sale, the vice president now owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. The trade was a 19.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

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.