AMG National Trust Bank Takes Position in CF Industries Holdings, Inc. (NYSE:CF)

AMG National Trust Bank purchased a new position in CF Industries Holdings, Inc. (NYSE:CF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,340 shares of the basic materials company’s stock, valued at approximately $887,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in shares of 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 valued at $359,386,000 after purchasing an additional 549,569 shares in the last quarter. Boston Partners lifted its holdings in CF Industries by 37.5% during the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock valued at $254,920,000 after purchasing an additional 835,557 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in CF Industries by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock valued at $212,823,000 after buying an additional 198,246 shares in the last quarter. Earnest Partners LLC grew its stake in CF Industries by 2.8% during the second quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock worth $162,584,000 after buying an additional 59,674 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of CF Industries by 5.1% during the second quarter. Sei Investments Co. now owns 1,422,493 shares of the basic materials company’s stock worth $105,435,000 after buying an additional 68,834 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Mizuho boosted their target price on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Barclays boosted 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. Wells Fargo & Company raised their target price on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th. 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 report on Monday, August 26th. Finally, Royal Bank of Canada raised their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus target price of $88.42.

CF Industries Stock Performance

Shares of CF stock opened at $87.54 on Wednesday. The stock has a market cap of $15.23 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. The stock has a 50-day moving average of $84.53 and a 200-day moving average of $79.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $90.86.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.28%. CF Industries’s dividend payout ratio (DPR) is currently 31.65%.

Insider Transactions at CF Industries

In related news, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares in the company, valued at $5,964,120. This trade represents a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now directly owns 29,211 shares in the company, valued at $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. 0.48% of the stock is currently owned by 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.