36,704 Shares in CF Industries Holdings, Inc. (NYSE:CF) Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the third quarter, HoldingsChannel reports. The institutional investor bought 36,704 shares of the basic materials company’s stock, valued at approximately $3,149,000.

Other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC purchased a new stake in shares of CF Industries in the third quarter valued at $28,000. Quent Capital LLC raised its stake in CF Industries by 132.1% in 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 last quarter. UMB Bank n.a. lifted its holdings in CF Industries by 40.4% in the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 191 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of CF Industries during the 2nd quarter worth about $50,000. Finally, nVerses Capital LLC grew its holdings in shares of CF Industries by 250.0% during the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Down 0.9 %

Shares of CF Industries stock opened at $89.79 on Monday. The company has a fifty day moving average price of $85.25 and a 200 day moving average price of $79.38. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 2.39 and a beta of 0.97. 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 Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $91.06.

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

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio (DPR) is presently 31.65%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CF. BMO Capital Markets boosted their price target on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Royal Bank of Canada increased their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report 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 report on Friday, November 8th. UBS Group increased their price objective on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, Scotiabank boosted their target price on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $88.42.

Insiders Place Their Bets

In other news, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,201 shares of company stock valued at $1,727,694 over the last 90 days. 0.42% of the stock is owned by company insiders.

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.