Oppenheimer Asset Management Inc. Raises Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Oppenheimer Asset Management Inc. raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 14.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,924 shares of the basic materials company’s stock after purchasing an additional 861 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CF Industries were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC purchased a new position in shares of CF Industries in the 3rd quarter worth approximately $28,000. Quent Capital LLC grew its holdings in CF Industries by 132.1% in the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 284 shares during the last quarter. UMB Bank n.a. increased its position in shares of CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 191 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of CF Industries during the 2nd quarter valued at $50,000. Finally, nVerses Capital LLC boosted its position in shares of CF Industries by 250.0% in the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 500 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CF. BMO Capital Markets increased their price target on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Wells Fargo & Company increased their price objective on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Mizuho boosted their target price 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. UBS Group raised their price target 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, Redburn Atlantic started coverage on shares of CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $88.42.

CF Industries Price Performance

Shares of CF opened at $87.54 on Wednesday. The business’s 50-day moving average is $84.53 and its two-hundred day moving average is $79.04. The company has a market capitalization of $15.23 billion, a P/E ratio of 13.85, a P/E/G ratio of 2.30 and a beta of 0.97. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $90.86. 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 (NYSE:CF) last posted its 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 return on equity of 14.57% and a net margin of 19.45%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.85 earnings per share. CF Industries’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts predict that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s dividend payout ratio is currently 31.65%.

Insider Buying and Selling

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 transaction, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. This trade represents a 2.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the business’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 completion of the sale, the vice president now directly 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 position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by 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.