Peddock Capital Advisors LLC Sells 369 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Peddock Capital Advisors LLC lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,421 shares of the basic materials company’s stock after selling 369 shares during the quarter. Peddock Capital Advisors LLC’s holdings in CF Industries were worth $718,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management acquired a new position in shares of CF Industries in the fourth quarter valued at approximately $374,000. City Center Advisors LLC lifted its position in shares of CF Industries by 9.1% in the fourth quarter. City Center Advisors LLC now owns 5,086 shares of the basic materials company’s stock worth $434,000 after purchasing an additional 426 shares in the last quarter. Czech National Bank grew its position in CF Industries by 2.7% in the fourth quarter. Czech National Bank now owns 37,731 shares of the basic materials company’s stock valued at $3,219,000 after purchasing an additional 980 shares in the last quarter. Graypoint LLC acquired a new stake in CF Industries in the 4th quarter valued at $201,000. Finally, Douglas Lane & Associates LLC lifted its position in CF Industries by 3.2% during the 4th quarter. Douglas Lane & Associates LLC now owns 123,186 shares of the basic materials company’s stock worth $10,510,000 after buying an additional 3,775 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

CF Industries stock traded up $6.70 during midday trading on Monday, hitting $95.46. The company’s stock had a trading volume of 3,067,466 shares, compared to its average volume of 1,934,071. The company has a 50-day moving average price of $87.25 and a two-hundred day moving average price of $82.14. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $95.72. The company has a market cap of $16.61 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 2.37 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. CF Industries’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts predict that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

Insider Activity at CF Industries

In related news, EVP Susan L. Menzel sold 3,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total transaction of $325,010.00. Following the sale, the executive vice president now owns 62,768 shares in the company, valued at $5,828,636.48. The trade was a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 sale, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. This trade represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,500 shares of company stock valued at $1,224,470 over the last three months. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CF shares. Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research report on Wednesday, October 16th. Barclays increased their price objective on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Royal Bank of Canada boosted their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Piper Sandler upgraded shares of CF Industries from an “underweight” rating to an “overweight” rating and increased their price target for the company from $79.00 to $105.00 in a research note on Monday. Finally, Wells Fargo & Company raised their price objective on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus target price of $92.38.

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.