CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in CF Industries Holdings, Inc. (NYSE:CF) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,639 shares of the basic materials company’s stock after selling 39,906 shares during the period. Principal Financial Group Inc.’s holdings in CF Industries were worth $21,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CF. Wolff Wiese Magana LLC bought a new stake in shares of CF Industries in the 3rd quarter worth $28,000. Brooklyn Investment Group bought a new stake in CF Industries in the third quarter worth about $39,000. Quent Capital LLC lifted its holdings 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 acquiring an additional 284 shares during the last quarter. UMB Bank n.a. boosted its position in shares of CF Industries by 40.4% during 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. Finally, Kimelman & Baird LLC acquired a new position in shares of CF Industries in the 2nd quarter worth approximately $50,000. 93.06% of the stock is currently owned by institutional investors.

Insider Transactions at CF Industries

In other news, EVP Susan L. Menzel sold 3,500 shares of CF Industries stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total value of $325,010.00. Following the completion of the transaction, the executive vice president now owns 62,768 shares in the company, valued at approximately $5,828,636.48. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $648,234.02. Following the completion of the transaction, the vice president now directly owns 29,211 shares in the company, valued at approximately $2,629,574.22. This represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,701 shares of company stock valued at $2,052,704. Company insiders own 0.48% of the company’s stock.

CF Industries Price Performance

Shares of CF Industries stock opened at $85.40 on Thursday. 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 firm has a fifty day simple moving average of $86.45 and a 200-day simple moving average of $81.09. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 2.37 and a beta of 0.98. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $94.46.

CF Industries (NYSE:CF) last issued its quarterly 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 firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm earned $0.85 EPS. The business’s revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts expect 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, November 15th. CF Industries’s dividend payout ratio is 31.65%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CF. Piper Sandler raised their target price on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their target price on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Redburn Atlantic began coverage on CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Oppenheimer assumed coverage on CF Industries in a research note on Thursday, December 12th. They issued an “outperform” rating and a $114.00 price target on the stock. Finally, Royal Bank of Canada upped their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.38.

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.