In a recent transaction filing, Susan L. Menzel, Executive Vice President and Chief Administrative Officer of CF Industries Holdings, Inc. (NYSE:CF), disclosed the sale of company shares valued at $276,300. The transaction comes as CF Industries, with a market capitalization of $16.9 billion, has seen its stock surge nearly 10% in the past week, trading close to its 52-week high of $98.25. The sales were executed in two separate transactions on January 15 and 16, 2025, involving a total of 2,850 shares.
The shares were sold at prices ranging from $96 to $98 per share. Following these transactions, Menzel retains ownership of 91,136 shares in the company. The sales were conducted under a pre-established Rule 10b5-1 trading plan, which Menzel adopted on March 15, 2024.
In other recent news, CF Industries has seen significant adjustments in its stock ratings and price targets. Piper Sandler raised the company's stock rating to Overweight and set a new price target of $105, attributing the changes to a favorable outlook for grain prices and their impact on fertilizer demand. Meanwhile, RBC (TSX:RY) Capital increased CF Industries' price target to $100 while maintaining an Outperform rating, citing the company's strong market position and robust cash flow.
Additionally, CF Industries has granted a substantial retention award of 28,637 restricted stock units to Executive Vice President Susan L. Menzel, demonstrating the company's commitment to retaining key personnel.
In terms of financial performance, CF Industries reported strong results for the third quarter and first nine months of 2024, with an adjusted EBITDA of $511 million for Q3 and $1.7 billion for the first nine months. The company also maintained an impressive ammonia utilization rate of 93% despite challenges posed by Hurricane Francine.
These recent developments reflect CF Industries' strategic initiatives and financial management, which are expected to drive continued growth and performance.
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