Archer Investment Corp Trims Position in CF Industries Holdings, Inc. (NYSE:CF)

Archer Investment Corp trimmed its position in CF Industries Holdings, Inc. (NYSE:CF) by 72.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the basic materials company’s stock after selling 2,575 shares during the quarter. Archer Investment Corp’s holdings in CF Industries were worth $86,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC bought a new position in shares of CF Industries in the 3rd quarter worth $28,000. Quent Capital LLC increased 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 valued at $43,000 after purchasing an additional 284 shares during the period. Catalyst Capital Advisors LLC raised its position in CF Industries by 262.6% during the 3rd 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 last quarter. UMB Bank n.a. grew its position in shares of CF Industries by 40.4% in the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after buying an additional 191 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of CF Industries during the second quarter valued at approximately $50,000. 93.06% of the stock is owned by institutional investors.

Insider Activity at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now directly owns 29,211 shares in the company, valued at $2,629,574.22. This trade represents a 19.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the sale, the executive vice president now owns 66,268 shares of the company’s stock, valued at $5,964,120. This represents a 2.93 % 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 insiders.

CF Industries Price Performance

Shares of CF Industries stock opened at $87.08 on Friday. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 2.25 and a beta of 0.97. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The stock’s 50-day simple moving average is $84.14 and its 200-day simple moving average is $78.84. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $90.86.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. CF Industries’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. As a group, analysts expect that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio is currently 31.65%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Piper Sandler lifted their price target on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Mizuho increased their price objective on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Redburn Atlantic assumed coverage on shares of CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Finally, Barclays upped their price target on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $88.42.

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.