2,968 Shares in CF Industries Holdings, Inc. (NYSE:CF) Bought by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC bought a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,968 shares of the basic materials company's stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CF. Truist Financial Corp lifted its position in CF Industries by 13.6% during the 4th quarter. Truist Financial Corp now owns 8,468 shares of the basic materials company's stock worth $722,000 after buying an additional 1,011 shares in the last quarter. National Pension Service lifted its position in CF Industries by 2,848.4% during the 4th quarter. National Pension Service now owns 290,384 shares of the basic materials company's stock worth $24,776,000 after buying an additional 280,535 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in CF Industries by 5.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 33,700 shares of the basic materials company's stock worth $2,875,000 after buying an additional 1,600 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in CF Industries by 1.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company's stock worth $602,000 after buying an additional 126 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in CF Industries during the 4th quarter worth about $4,035,000. 93.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the transaction, the executive vice president now owns 87,923 shares in the company, valued at $8,812,522.29. This represents a 10.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.42% of the company's stock.

Analyst Ratings Changes

CF has been the topic of several analyst reports. UBS Group boosted their price target on shares of CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Barclays upped their target price on shares of CF Industries from $87.00 to $91.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. BNP Paribas raised shares of CF Industries to a "strong-buy" rating in a report on Wednesday, April 9th. Oppenheimer cut shares of CF Industries from an "outperform" rating to a "market perform" rating in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group started coverage on shares of CF Industries in a report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $91.79.

CF Industries Stock Up 0.4%

Shares of CF opened at $91.04 on Friday. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The firm has a market cap of $15.44 billion, a P/E ratio of 11.99 and a beta of 0.97. The firm's 50-day simple moving average is $88.36 and its 200 day simple moving average is $84.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.22 and a current ratio of 2.59.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.38. CF Industries had a net margin of 21.80% and a return on equity of 17.39%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business earned $1.03 EPS. CF Industries's quarterly revenue was up 13.1% on a year-over-year basis. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries declared that its Board of Directors has initiated a share buyback program on Wednesday, May 7th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.20%. CF Industries's payout ratio is presently 26.35%.

CF Industries Profile

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.

Want to see what other hedge funds are holding CF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CF Industries Holdings, Inc. (NYSE:CF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.