CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lessened its stake in CF Industries Holdings, Inc. (NYSE:CF) by 92.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,631 shares of the basic materials company’s stock after selling 34,073 shares during the quarter. Kingsview Wealth Management LLC’s holdings in CF Industries were worth $224,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new position in shares of CF Industries in the 3rd quarter valued at $28,000. Heck Capital Advisors LLC acquired a new position in shares of CF Industries in the 4th quarter valued at $34,000. Brooklyn Investment Group acquired a new position in shares of CF Industries in the 3rd quarter valued at $39,000. Catalyst Capital Advisors LLC boosted its holdings in shares of CF Industries by 262.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 478 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of CF Industries by 6,690.0% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 669 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Price Performance

CF opened at $82.45 on Friday. The company has a 50-day moving average of $88.69 and a 200-day moving average of $85.27. The company has a market capitalization of $14.35 billion, a P/E ratio of 13.05, a PEG ratio of 0.39 and a beta of 0.98. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $98.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, February 14th. CF Industries’s payout ratio is currently 31.65%.

Insider Transactions at CF Industries

In related news, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the sale, the executive vice president now owns 92,486 shares of the company’s stock, valued at $8,878,656. This represents a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total transaction of $264,000.00. Following the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. This represents a 2.83 % 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 valued at $2,355,425. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CF shares. Piper Sandler lifted their target price on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Scotiabank restated a “sector underperform” rating and set a $88.00 target price on shares of CF Industries in a report on Friday, January 24th. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $82.00 to $75.00 in a report on Friday, January 24th. Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $96.00 to $100.00 in a report on Tuesday, January 21st. Finally, Royal Bank of Canada lowered shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price on the stock. in a report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $92.43.

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.