CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,339 shares of the basic materials company’s stock after selling 493 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in CF Industries were worth $1,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Sector Pension Investment Board grew its position in shares of CF Industries by 47.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 6,414 shares of the basic materials company’s stock worth $475,000 after acquiring an additional 2,055 shares in the last quarter. Marshall Wace LLP acquired a new position in CF Industries in the second quarter worth $386,000. AXA S.A. bought a new stake in CF Industries during the second quarter valued at $1,690,000. Creative Planning raised its holdings in shares of CF Industries by 8.8% during the second quarter. Creative Planning now owns 23,316 shares of the basic materials company’s stock worth $1,728,000 after purchasing an additional 1,894 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of CF Industries in the 2nd quarter worth about $438,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of CF Industries stock opened at $88.78 on Tuesday. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $98.25. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $89.22 and its two-hundred day moving average price is $83.93. The stock has a market cap of $15.45 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98.

CF Industries (NYSE:CF) last released its 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. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 6.37 EPS for the current fiscal year.

Insider Activity

In other news, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the sale, the vice president now owns 15,871 shares in the company, valued at $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the firm’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 transaction of $142,500.00. Following the completion of the transaction, the executive vice president now directly owns 93,986 shares of the company’s stock, valued at $8,928,670. This represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,389 shares of company stock worth $2,355,425. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CF shares. Royal Bank of Canada lowered CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective for the company. in a research report on Tuesday, January 21st. Redburn Atlantic started coverage on shares of CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 price target for the company. Barclays downgraded shares of CF Industries from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $96.00 to $100.00 in a research report on Tuesday, January 21st. Piper Sandler lifted their price target on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday. Finally, Mizuho raised their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, CF Industries presently has a consensus rating of “Hold” and a consensus target price of $92.14.

About CF Industries

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.