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

AE Wealth Management LLC lowered its position in CF Industries Holdings, Inc. (NYSE:CF – Get Rating) by 92.4% during the third quarter, Holdings Channel.com reports. The fund owned 11,086 shares of the basic materials company’s stock after selling 135,044 shares during the quarter. AE Wealth Management LLC’s holdings in CF Industries were worth $1,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CF Industries by 17.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,998 shares of the basic materials company’s stock valued at $6,258,000 after acquiring an additional 10,910 shares during the last quarter. Ieq Capital LLC raised its position in CF Industries by 11.8% in the second quarter. Ieq Capital LLC now owns 3,880 shares of the basic materials company’s stock valued at $333,000 after purchasing an additional 409 shares during the period. Jennison Associates LLC purchased a new position in CF Industries in the second quarter valued at about $605,000. Symmetry Partners LLC raised its position in CF Industries by 175.0% in the second quarter. Symmetry Partners LLC now owns 9,911 shares of the basic materials company’s stock valued at $850,000 after purchasing an additional 6,307 shares during the period. Finally, Federated Hermes Inc. raised its position in CF Industries by 283.6% in the second quarter. Federated Hermes Inc. now owns 373,584 shares of the basic materials company’s stock valued at $32,027,000 after purchasing an additional 276,204 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.

CF Industries Stock Up 1.3 %

Shares of CF Industries stock opened at $84.05 on Thursday. The company has a quick ratio of 2.30, a current ratio of 2.66 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $97.42 and a 200 day moving average price of $98.25. CF Industries Holdings, Inc. has a fifty-two week low of $63.10 and a fifty-two week high of $119.60. The firm has a market cap of $16.49 billion, a P/E ratio of 5.52, a P/E/G ratio of 0.93 and a beta of 1.06.

CF Industries (NYSE:CF – Get Rating) last issued its earnings results on Wednesday, November 2nd. The basic materials company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $3.19 by ($0.64). CF Industries had a net margin of 28.70% and a return on equity of 50.92%. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.30 billion. On average, sell-side analysts forecast that CF Industries Holdings, Inc. will post 15.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CF shares. UBS Group cut their price objective on CF Industries from $125.00 to $119.00 and set a “buy” rating on the stock in a research report on Wednesday. Credit Suisse Group reissued an “underperform” rating on shares of CF Industries in a research report on Monday. Citigroup raised their price objective on CF Industries from $117.00 to $120.00 in a research report on Tuesday, October 4th. Royal Bank of Canada raised CF Industries from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $110.00 to $135.00 in a research report on Monday, October 3rd. Finally, Mizuho dropped their target price on CF Industries from $117.00 to $113.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and a consensus target price of $107.54.

About CF Industries

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CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.