Hennessy Advisors Inc. Cuts Stake in CF Industries Holdings, Inc. (NYSE:CF)

Hennessy Advisors Inc. cut its position in CF Industries Holdings, Inc. (NYSE:CF) by 5.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 31,700 shares of the basic materials company’s stock after selling 1,900 shares during the quarter. Hennessy Advisors Inc.’s holdings in CF Industries were worth $2,705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in CF Industries by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 276,289 shares of the basic materials company’s stock valued at $20,479,000 after acquiring an additional 37,011 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of CF Industries by 32.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,063 shares of the basic materials company’s stock worth $449,000 after purchasing an additional 1,502 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of CF Industries by 8.4% during the second quarter. Envestnet Asset Management Inc. now owns 280,628 shares of the basic materials company’s stock valued at $20,800,000 after purchasing an additional 21,766 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of CF Industries by 2.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 12,972 shares of the basic materials company’s stock valued at $961,000 after buying an additional 312 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in CF Industries by 1.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,309 shares of the basic materials company’s stock worth $1,357,000 after buying an additional 252 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Insider Buying and Selling

In other news, VP Ashraf K. Malik sold 7,000 shares of CF Industries 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 sale, the vice president now directly owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the transaction, the executive vice president now directly owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,389 shares of company stock worth $2,355,425. 0.42% of the stock is owned by corporate insiders.

CF Industries Price Performance

NYSE CF opened at $97.01 on Friday. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 0.69 and a beta of 0.98. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The company’s 50 day moving average is $88.39 and its two-hundred day moving average is $82.79. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last released its 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 net margin of 19.45% and a return on equity of 14.57%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company earned $0.85 EPS. CF Industries’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 6.38 earnings per share for the current year.

Analyst Ratings Changes

CF has been the topic of several research analyst reports. Mizuho upped their target price on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Oppenheimer initiated coverage on shares of CF Industries in a report on Thursday, December 12th. They issued an “outperform” rating and a $114.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th. Piper Sandler upgraded CF Industries from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $79.00 to $105.00 in a research note on Monday, January 13th. Finally, Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $92.38.

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.