Meridian Wealth Management LLC Buys New Stake in CF Industries Holdings, Inc. (NYSE:CF)

Meridian Wealth Management LLC bought a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,724 shares of the basic materials company’s stock, valued at approximately $491,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in CF Industries by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock worth $477,668,000 after buying an additional 22,392 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in CF Industries by 15.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after buying an additional 549,569 shares in the last quarter. Boston Partners lifted its holdings in CF Industries by 37.5% in the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after buying an additional 835,557 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in CF Industries by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock worth $212,823,000 after buying an additional 198,246 shares in the last quarter. Finally, Earnest Partners LLC increased its position in shares of CF Industries by 2.8% in the 2nd quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock worth $162,584,000 after purchasing an additional 59,674 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

CF has been the subject of several research analyst reports. Redburn Atlantic initiated coverage on shares of CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price for the company. Piper Sandler boosted their target price on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. UBS Group boosted their target price on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Royal Bank of Canada boosted their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, 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. Two 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’s stock. Based on data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and a consensus price target of $88.42.

Insiders Place Their Bets

In other news, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the completion of the sale, the vice president now directly owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. This represents a 23.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,201 shares of company stock worth $1,727,694. Insiders own 0.42% of the company’s stock.

CF Industries Price Performance

Shares of NYSE:CF opened at $89.79 on Monday. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $91.06. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The company has a market cap of $15.63 billion, a PE ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 0.97. The firm has a 50-day simple moving average of $85.25 and a 200 day simple moving average of $79.38.

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 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 analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. CF Industries’s quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 6.32 EPS for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.50 dividend. 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 31.65%.

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.