Ashton Thomas Private Wealth LLC Grows Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Ashton Thomas Private Wealth LLC increased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,921 shares of the basic materials company’s stock after buying an additional 817 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in CF Industries were worth $761,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CF. Candriam S.C.A. raised its stake in CF Industries by 61.9% in the 4th quarter. Candriam S.C.A. now owns 14,505 shares of the basic materials company’s stock valued at $1,238,000 after purchasing an additional 5,544 shares during the last quarter. Raymond James Financial Inc. acquired a new position in CF Industries in the 4th quarter valued at about $14,883,000. Verdence Capital Advisors LLC raised its stake in CF Industries by 91.1% in the 4th quarter. Verdence Capital Advisors LLC now owns 5,801 shares of the basic materials company’s stock valued at $495,000 after purchasing an additional 2,765 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in CF Industries in the 4th quarter valued at about $4,035,000. Finally, Cookson Peirce & Co. Inc. raised its stake in CF Industries by 20.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 5,594 shares of the basic materials company’s stock valued at $477,000 after purchasing an additional 965 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. UBS Group cut their target price on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Barclays dropped their price objective on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Finally, Piper Sandler upped their price objective on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $90.15.

CF Industries Stock Up 0.9 %

Shares of NYSE:CF opened at $77.28 on Monday. 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 1 year low of $69.13 and a 1 year high of $98.25. The stock has a market capitalization of $13.10 billion, a P/E ratio of 11.42, a PEG ratio of 0.37 and a beta of 0.99. The stock has a 50-day simple moving average of $86.43 and a 200-day simple moving average of $85.48.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Equities analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s dividend payout ratio is presently 29.54%.

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the transaction, the executive vice president now owns 92,486 shares in the company, valued at $8,878,656. This represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the transaction, the vice president now owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,889 shares of company stock worth $1,130,955 in the last 90 days. 0.42% of the stock is owned by company insiders.

CF Industries 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.