Moran Wealth Management LLC Lowers Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Moran Wealth Management LLC lessened its position in CF Industries Holdings, Inc. (NYSE:CF) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,777 shares of the basic materials company’s stock after selling 263 shares during the period. Moran Wealth Management LLC’s holdings in CF Industries were worth $324,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its holdings in CF Industries by 8.5% during the second quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in CF Industries by 28.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 167 shares during the period. PNC Financial Services Group Inc. boosted its stake in CF Industries by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock worth $2,004,000 after purchasing an additional 179 shares during the period. UMB Bank n.a. lifted its holdings in shares of 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 buying an additional 191 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in CF Industries by 6.2% during the second quarter. Westwood Holdings Group Inc. now owns 3,399 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 197 shares in the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CF has been the topic of several research analyst reports. Bank of America cut shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 16th. Barclays increased their price target on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. UBS Group lifted their price objective on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Redburn Atlantic began coverage on CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Finally, Mizuho boosted their price target 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.42.

CF Industries Stock Down 0.9 %

Shares of CF opened at $89.81 on Friday. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $91.06. The company has a market cap of $15.63 billion, a PE ratio of 14.21, a P/E/G ratio of 2.31 and a beta of 0.97. 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 business has a fifty day moving average of $85.04 and a 200 day moving average of $79.20.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.05 by $0.50. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 6.32 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, November 15th. CF Industries’s payout ratio is currently 31.65%.

Insiders Place Their Bets

In other CF Industries news, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the transaction, the executive vice president now directly owns 103,155 shares in the company, valued at $9,077,640. This represents a 2.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,201 shares of company stock worth $1,727,694 over the last quarter. Company insiders own 0.42% of the company’s stock.

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.