Clear Harbor Asset Management LLC Buys 1,353 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Clear Harbor Asset Management LLC increased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,223 shares of the basic materials company’s stock after acquiring an additional 1,353 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in CF Industries were worth $3,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Councilmark Asset Management LLC purchased a new stake in shares of CF Industries during the first quarter worth about $1,251,000. Quantbot Technologies LP purchased a new stake in CF Industries in the first quarter worth $610,000. Swedbank AB bought a new stake in CF Industries in the first quarter valued at $19,824,000. Mirae Asset Global Investments Co. Ltd. increased its position in CF Industries by 113.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,757 shares of the basic materials company’s stock valued at $8,018,000 after purchasing an additional 52,960 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in CF Industries by 17.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock worth $3,724,000 after purchasing an additional 7,294 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Stock Down 0.0 %

CF opened at $83.19 on Friday. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.49 and a beta of 0.95. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average price of $83.10 and a 200-day moving average price of $78.32. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $90.86.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the company earned $2.70 earnings per share. CF Industries’s revenue was down 11.4% on a year-over-year basis. Equities research analysts forecast that CF Industries Holdings, Inc. will post 5.84 earnings per share for the current year.

CF Industries Announces Dividend

The firm 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.40%. CF Industries’s dividend payout ratio is currently 33.22%.

Insider Transactions at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the sale, the vice president now owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the completion of the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the transaction, the executive vice president now owns 66,268 shares in the company, valued at approximately $5,964,120. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on CF shares. UBS Group raised their price objective on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Mizuho lifted their price target on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price objective on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Bank of America downgraded 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 report on Wednesday, October 16th. Finally, Redburn Atlantic began coverage on shares of CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Two investment 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $87.67.

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.