CF Industries Holdings, Inc. (NYSE:CF) Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its stake in CF Industries Holdings, Inc. (NYSE:CFGet Rating) by 13.9% in the 3rd quarter, Holdings Channel reports. The firm owned 28,441 shares of the basic materials company’s stock after purchasing an additional 3,480 shares during the period. Truist Financial Corp’s holdings in CF Industries were worth $2,737,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in CF Industries by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 25,747,358 shares of the basic materials company’s stock valued at $2,653,523,000 after purchasing an additional 94,482 shares during the last quarter. Northern Trust Corp grew its stake in shares of CF Industries by 7.3% in the second quarter. Northern Trust Corp now owns 3,603,656 shares of the basic materials company’s stock worth $308,941,000 after acquiring an additional 244,136 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of CF Industries by 78.1% in the second quarter. AQR Capital Management LLC now owns 1,821,699 shares of the basic materials company’s stock worth $154,827,000 after acquiring an additional 799,020 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of CF Industries by 2.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,639,868 shares of the basic materials company’s stock worth $169,005,000 after acquiring an additional 43,695 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of CF Industries by 3.9% in the second quarter. Legal & General Group Plc now owns 1,185,468 shares of the basic materials company’s stock worth $101,630,000 after acquiring an additional 44,548 shares in the last quarter. Institutional investors and hedge funds own 92.94% of the company’s stock.

CF Industries Price Performance

Shares of CF opened at $86.91 on Friday. CF Industries Holdings, Inc. has a 1-year low of $63.10 and a 1-year high of $119.60. The stock has a market cap of $17.05 billion, a PE ratio of 5.70, a price-to-earnings-growth ratio of 0.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.66 and a quick ratio of 2.30. The firm has a fifty day moving average price of $96.68 and a 200 day moving average price of $98.24.

CF Industries (NYSE:CFGet Rating) last announced 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 business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.30 billion. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 15.95 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank of Canada upgraded shares of CF Industries from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $110.00 to $135.00 in a research note on Monday, October 3rd. StockNews.com assumed coverage on shares of CF Industries in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Credit Suisse Group restated an “underperform” rating on shares of CF Industries in a research note on Monday, January 9th. Citigroup boosted their target price on shares of CF Industries from $117.00 to $120.00 in a research note on Tuesday, October 4th. Finally, Mizuho lowered their target price on shares of CF Industries from $113.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.42.

CF Industries Profile

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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.

See Also

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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