Cf Industries government sells shares value $844,456

Malik Ashraf Okay, Senior Vice President of Manufacturing & Distribution at CF Industries Holdings, Inc. (NYSE:CF), lately offered 8,889 shares of the corporate’s widespread inventory. The shares have been offered at a weighted common value of $95.0002, totaling roughly $844,456. This transaction was carried out beneath a Rule 10b5-1 buying and selling plan, which was adopted on March 15, 2024. Following the sale, Ashraf retains possession of 15,871 shares within the firm. The sale was executed in a number of transactions, with costs starting from $95.0000 to $90.0050 per share. In line with InvestingPro evaluation, CF Industries presently seems to be buying and selling barely above its Honest Worth, although the corporate maintains a “GREAT” general monetary well being rating. InvestingPro subscribers have entry to fifteen further key insights about CF Industries, together with detailed evaluation of administration’s share buyback actions and dividend sustainability.

In different latest information, CF Industries has seen vital developments. Piper Sandler upgraded CF Industries’ inventory ranking from Underweight to Chubby, citing elevated grain costs. The agency additionally raised the corporate’s inventory value goal to $105.00, predicting an increase in international fertilizer demand because of the optimistic shift in grain costs.

In a transfer to retain key personnel, CF Industries granted Government Vice President and Chief Administrative Officer, Susan L. Menzel, 28,637 restricted inventory items. This award is a part of the corporate’s 2022 Fairness and Incentive Plan, reflecting CF Industries’ dedication to sustaining a secure management group.

CF Industries reported sturdy monetary outcomes for the third quarter and first 9 months of 2024, with an adjusted EBITDA of $511 million for Q3 and $1.7 billion for the primary 9 months. The corporate additionally maintained an ammonia utilization price of 93% regardless of challenges posed by Hurricane Francine.

When it comes to future developments, CF Industries is specializing in strategic tasks corresponding to a dehydration and compression unit for carbon seize and a inexperienced ammonia venture. The corporate is anticipating a nitrogen market tightening within the coming years attributable to international provide constraints and is projecting an extra $100 million in money from the 45Q tax credit score by means of CO2 sequestration beginning subsequent 12 months. These latest developments present worthwhile insights into CF Industries’ operations and monetary efficiency.

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