Zurcher Kantonalbank Zurich Cantonalbank Sells 342 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in CF Industries Holdings, Inc. (NYSE:CF) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,130 shares of the basic materials company’s stock after selling 342 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CF Industries were worth $5,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC bought a new position in shares of CF Industries during the third quarter valued at $28,000. Brooklyn Investment Group bought a new position in CF Industries during the 3rd quarter worth $39,000. Quent Capital LLC lifted its holdings in CF Industries by 132.1% during the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after buying an additional 284 shares during the period. Catalyst Capital Advisors LLC grew its position in shares of CF Industries by 262.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock valued at $57,000 after buying an additional 478 shares during the last quarter. Finally, UMB Bank n.a. increased its stake 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 valued at $49,000 after buying an additional 191 shares during the period. 93.06% of the stock is owned by institutional investors.

Insider Buying and Selling at CF Industries

In related news, VP Ashraf K. Malik sold 7,000 shares of CF Industries stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bert A. Frost sold 3,000 shares of the 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 completion of the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at $9,077,640. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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 $89.66 on Monday. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $91.06. The stock’s 50 day moving average is $85.96 and its 200-day moving average is $79.84. 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 firm has a market capitalization of $15.60 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 2.37 and a beta of 0.97.

CF Industries (NYSE:CF) last released its quarterly earnings data 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 firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 2.23%. CF Industries’s payout ratio is 31.65%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CF. Royal Bank of Canada upped their target price on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Scotiabank upped their price objective on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Mizuho lifted their target price on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. UBS Group upped their price target on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Finally, Wells Fargo & Company lifted their price objective on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. Two investment 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, the stock presently has an average rating of “Hold” and an average target price of $88.42.

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.