Pekin Hardy Strauss Inc. Has $9.09 Million Position in CF Industries Holdings, Inc. (NYSE:CF)

Pekin Hardy Strauss Inc. lessened its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 12.4% during the fourth quarter, Holdings Channel reports. The fund owned 106,478 shares of the basic materials company’s stock after selling 15,134 shares during the quarter. CF Industries comprises 1.2% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 11th largest position. Pekin Hardy Strauss Inc.’s holdings in CF Industries were worth $9,085,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Brooklyn Investment Group lifted its position in shares of CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 122 shares during the period. Ballentine Partners LLC raised its holdings in CF Industries by 2.3% during the fourth quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company’s stock worth $482,000 after buying an additional 127 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in CF Industries by 4.9% during the third quarter. Coldstream Capital Management Inc. now owns 2,883 shares of the basic materials company’s stock worth $247,000 after buying an additional 135 shares during the last quarter. Transcend Capital Advisors LLC raised its holdings in CF Industries by 4.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 3,312 shares of the basic materials company’s stock worth $283,000 after buying an additional 137 shares during the last quarter. Finally, James Investment Research Inc. raised its holdings in CF Industries by 1.8% during the fourth quarter. James Investment Research Inc. now owns 9,534 shares of the basic materials company’s stock worth $813,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Price Performance

CF opened at $77.90 on Friday. The firm has a market cap of $13.56 billion, a P/E ratio of 11.51, a PEG ratio of 0.37 and a beta of 0.98. The firm has a 50-day moving average of $87.91 and a 200 day moving average of $85.58. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $98.25.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. On average, research analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.57%. CF Industries’s payout ratio is currently 29.54%.

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of the transaction, the executive vice president now owns 62,768 shares in the company, valued at $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the transaction, the vice president now owns 15,871 shares of the company’s stock, valued at $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,389 shares of company stock worth $1,455,965 over the last quarter. 0.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CF has been the topic of several research reports. Royal Bank of Canada downgraded shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective on the stock. in a report on Tuesday, January 21st. Scotiabank restated a “sector underperform” rating and set a $88.00 price objective on shares of CF Industries in a report on Friday, January 24th. UBS Group lowered their price objective on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday. Oppenheimer lowered their target price on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Finally, Piper Sandler increased their target price on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $92.29.

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.