KBC Group NV Sells 74,682 Shares of CF Industries Holdings, Inc. (NYSE:CF)

KBC Group NV lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 11.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 560,370 shares of the basic materials company’s stock after selling 74,682 shares during the period. KBC Group NV owned approximately 0.32% of CF Industries worth $48,080,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Wolff Wiese Magana LLC bought a new stake in shares of CF Industries in the third quarter worth $28,000. Quent Capital LLC grew its stake in shares of 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. UMB Bank n.a. increased 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 during the last quarter. Kimelman & Baird LLC bought a new position in shares of CF Industries in the 2nd quarter worth approximately $50,000. Finally, nVerses Capital LLC boosted its holdings in shares of CF Industries by 250.0% in 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 during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Trading Up 0.6 %

CF stock opened at $85.74 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The business has a 50 day simple moving average of $83.97 and a two-hundred day simple moving average of $78.80. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $90.86. The company has a market capitalization of $14.92 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 2.22 and a beta of 0.97.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Research analysts anticipate that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm 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 2.33%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio is 31.65%.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This represents a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction dated 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 of the company’s stock, valued at approximately $2,629,574.22. This represents a 19.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Analyst Ratings Changes

CF has been the subject of a number of research reports. UBS Group upped their target price on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Barclays upped their price objective on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Mizuho lifted their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Piper Sandler upped their price target on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada raised their price objective on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $88.42.

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.