Stifel Financial Corp Decreases Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Stifel Financial Corp cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,710 shares of the basic materials company’s stock after selling 1,111 shares during the period. Stifel Financial Corp’s holdings in CF Industries were worth $3,922,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in CF Industries by 401.2% during the 2nd quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock valued at $269,729,000 after acquiring an additional 2,912,942 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of CF Industries by 7,617.5% during the 3rd quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock worth $375,440,000 after purchasing an additional 431,910 shares in the last quarter. FMR LLC raised its position in shares of CF Industries by 3.8% during the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after purchasing an additional 300,050 shares during the last quarter. LSV Asset Management lifted its stake in CF Industries by 154.3% in the 2nd quarter. LSV Asset Management now owns 408,703 shares of the basic materials company’s stock valued at $30,293,000 after buying an additional 248,003 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in CF Industries by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock valued at $212,823,000 after buying an additional 198,246 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Bert A. Frost sold 3,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the completion of the sale, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. This trade represents a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan L. Menzel sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total value of $325,010.00. Following the transaction, the executive vice president now directly owns 62,768 shares in the company, valued at $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,701 shares of company stock valued at $2,052,704. Company insiders own 0.42% of the company’s stock.

CF Industries Price Performance

Shares of CF Industries stock opened at $86.67 on Tuesday. The business’s fifty day moving average price is $86.68 and its 200 day moving average price is $80.80. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $94.46. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $15.08 billion, a P/E ratio of 13.71, a PEG ratio of 2.37 and a beta of 0.98.

CF Industries (NYSE:CF) last released its quarterly earnings data 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 business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, November 15th. CF Industries’s payout ratio is currently 31.65%.

Analyst Upgrades and Downgrades

CF has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Royal Bank of Canada raised 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 boosted their price objective 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. Oppenheimer assumed coverage on shares of CF Industries in a research note on Thursday, December 12th. They set an “outperform” rating and a $114.00 price objective on the stock. Finally, Barclays lifted their target price 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 issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $90.38.

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.