454 Shares in CF Industries Holdings, Inc. (NYSE:CF) Acquired by Brooklyn Investment Group

30 Nov 2024, 10:28 by Danessa Lincoln · The Markets Daily

Brooklyn Investment Group acquired a new position in CF Industries Holdings, Inc. (NYSE:CF – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 454 shares of the basic materials company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC boosted its holdings in shares of CF Industries by 3.8% in the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after buying an additional 300,050 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of CF Industries by 9.2% in the third quarter. Daiwa Securities Group Inc. now owns 22,246 shares of the basic materials company’s stock worth $1,909,000 after buying an additional 1,873 shares during the last quarter. Swedbank AB raised its stake in CF Industries by 3.8% during the 3rd quarter. Swedbank AB now owns 271,198 shares of the basic materials company’s stock worth $23,269,000 after acquiring an additional 9,815 shares during the period. Penserra Capital Management LLC raised its stake in CF Industries by 10.0% during the 3rd quarter. Penserra Capital Management LLC now owns 5,471 shares of the basic materials company’s stock worth $468,000 after acquiring an additional 496 shares during the period. Finally, Cerity Partners LLC raised its stake in CF Industries by 16.8% during the 3rd quarter. Cerity Partners LLC now owns 10,051 shares of the basic materials company’s stock worth $862,000 after acquiring an additional 1,449 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Trading Up 1.1 %

Shares of CF opened at $89.66 on Friday. The company’s fifty day moving average is $85.80 and its 200 day moving average is $79.69. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $91.06. The stock has a market capitalization of $15.60 billion, a PE ratio of 14.19, a P/E/G ratio of 2.34 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81.

CF Industries (NYSE:CF – Get Free Report) last announced its quarterly 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 analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. CF Industries’s quarterly revenue was up 7.6% on a year-over-year basis. Sell-side analysts expect that CF Industries Holdings, Inc. will post 6.32 earnings per share 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. This represents a $2.00 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Friday, November 15th. CF Industries’s dividend payout ratio is presently 31.65%.

Wall Street Analyst Weigh In

CF has been the topic of a number of recent analyst reports. Bank of America cut shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 16th. UBS Group raised their target price on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Barclays raised their target price on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. BMO Capital Markets raised their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Redburn Atlantic assumed coverage on shares of CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CF Industries currently has an average rating of “Hold” and an average target price of $88.42.

View Our Latest Analysis on CF Industries

Insider Buying and Selling

In other CF Industries news, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. The trade was a 19.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,201 shares of company stock worth $1,727,694. Insiders own 0.42% of the company’s stock.

CF Industries Company Profile

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