Cadence Bank Sells 1,012 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Cadence Bank lessened its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 11.1% during the third quarter, HoldingsChannel.com reports. The firm owned 8,076 shares of the basic materials company’s stock after selling 1,012 shares during the period. Cadence Bank’s holdings in CF Industries were worth $693,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wolff Wiese Magana LLC bought a new stake in CF Industries during the third quarter worth $28,000. Brooklyn Investment Group bought a new stake in CF Industries during the third quarter worth $39,000. Quent Capital LLC raised its position in CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 284 shares in the last quarter. UMB Bank n.a. raised its position in CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 191 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new stake in CF Industries during the second quarter worth $50,000. Institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

CF has been the topic of several analyst reports. Mizuho upped their price target on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research report on Wednesday, October 16th. UBS Group increased their price objective 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. Scotiabank increased 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 report on Monday, August 12th. Finally, Royal Bank of Canada increased their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $88.42.

Insider Activity

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the transaction, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. The trade was a 2.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the transaction, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. The trade was a 2.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,201 shares of company stock worth $1,727,694. 0.48% of the stock is currently owned by corporate insiders.

CF Industries Trading Up 0.6 %

CF stock opened at $88.66 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The company’s 50-day simple moving average is $85.54 and its 200 day simple moving average is $79.57. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $91.06. The company has a market capitalization of $15.43 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 2.31 and a beta of 0.97.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating 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 business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company posted $0.85 earnings per share. CF Industries’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio is currently 31.65%.

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.