NewEdge Wealth LLC Boosts Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

27 Feb 2025, 06:57 by Scott Moore · The Cerbat Gem

NewEdge Wealth LLC boosted its position in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 226,860 shares of the basic materials company’s stock after purchasing an additional 38,125 shares during the quarter. NewEdge Wealth LLC’s holdings in CF Industries were worth $19,356,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Forsta AP Fonden lifted its position in CF Industries by 9.4% during the third quarter. Forsta AP Fonden now owns 39,500 shares of the basic materials company’s stock valued at $3,389,000 after acquiring an additional 3,400 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of CF Industries by 178.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 98,357 shares of the basic materials company’s stock worth $8,353,000 after purchasing an additional 63,008 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of CF Industries by 3.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 32,389 shares of the basic materials company’s stock valued at $2,778,000 after purchasing an additional 1,070 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of CF Industries by 11.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,847 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 399 shares in the last quarter. Finally, Catalyst Financial Partners LLC purchased a new position in CF Industries during the 3rd quarter worth $215,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CF. Royal Bank of Canada decreased their price target on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday. Oppenheimer dropped their target price on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Barclays cut shares of CF Industries from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $96.00 to $100.00 in a report on Tuesday, January 21st. Scotiabank dropped their price objective on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a report on Monday. Finally, Piper Sandler upped their target price on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $91.14.

Read Our Latest Stock Analysis on CF

CF Industries Stock Down 0.9 %

Shares of CF opened at $77.74 on Thursday. The stock’s 50-day moving average price is $87.43 and its 200-day moving average price is $85.59. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.37 and a beta of 0.97. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $98.25.

CF Industries (NYSE:CF – Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. On average, sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

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

Insiders Place Their Bets

In related news, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the sale, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now owns 62,768 shares of the company’s stock, valued at $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,389 shares of company stock worth $1,455,965. 0.48% of the stock is owned by corporate insiders.

About CF Industries

(Free Report)

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.