CF Industries Holdings, Inc. (NYSE:CF) Stake Reduced by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its stake in CF Industries Holdings, Inc. (NYSE:CF) by 38.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,619 shares of the basic materials company’s stock after selling 2,293 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in CF Industries were worth $319,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CF. Wolff Wiese Magana LLC bought a new position in CF Industries in the 3rd quarter worth approximately $28,000. Brooklyn Investment Group acquired a new position in shares of CF Industries during the third quarter valued at $39,000. Quent Capital LLC raised its stake in shares of CF Industries by 132.1% during the third 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 in the last quarter. UMB Bank n.a. lifted its holdings in CF Industries by 40.4% in 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 during the period. Finally, Kimelman & Baird LLC bought a new position in CF Industries in the 2nd quarter valued at about $50,000. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

CF has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Oppenheimer started coverage on CF Industries in a research note on Thursday, December 12th. They set an “outperform” rating and a $114.00 price target for the company. Piper Sandler upped their price objective on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Barclays lifted their target price on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Redburn Atlantic began coverage on shares of CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective for the company. Two equities 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 company’s stock. According to data from MarketBeat, CF Industries has an average rating of “Hold” and an average price target of $90.38.

CF Industries Stock Up 1.4 %

CF stock opened at $84.98 on Friday. The company’s 50 day simple moving average is $86.52 and its 200-day simple moving average is $80.89. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $94.46. 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 firm has a market capitalization of $14.79 billion, a P/E ratio of 13.45, a P/E/G ratio of 2.37 and a beta of 0.98.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (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 quarter in the prior year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities research analysts anticipate that CF Industries Holdings, Inc. will post 6.32 EPS for the current year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.35%. CF Industries’s payout ratio is presently 31.65%.

Insider Buying and Selling at CF Industries

In related news, EVP Susan L. Menzel sold 3,500 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of the sale, the executive vice president now directly owns 62,768 shares in the company, valued at approximately $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. The trade was a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,701 shares of company stock valued at $2,052,704 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

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.