Cf industries’ EVP Menzel sells $142,500 in inventory

Susan L. Menzel, Govt Vice President and Chief Administrative Officer of CF Industries Holdings, Inc. (NYSE:CF), an organization presently valued at $16.5 billion and buying and selling close to its 52-week excessive, has bought 1,500 shares of frequent inventory. The inventory has proven exceptional energy, gaining over 9% up to now week, in response to InvestingPro knowledge. The shares had been bought at a value of $95 every, amounting to a complete transaction worth of $142,500. Following this sale, Menzel retains possession of 93,986 shares within the firm. The transaction was performed beneath a Rule 10b5-1 buying and selling plan, which Menzel adopted on March 15, 2024. Whereas this insider sale occurred, InvestingPro evaluation reveals the corporate maintains a GREAT monetary well being rating, with administration actively pursuing share buybacks. Uncover 15+ further unique insights and detailed monetary metrics with InvestingPro’s complete analysis report.

In different latest information, CF Industries skilled a number of notable developments. Piper Sandler upgraded CF Industries’ inventory score from Underweight to Obese, citing rising grain costs and their influence on fertilizer demand. Concurrently, CF Industries’ Govt Vice President, Susan L. Menzel, was granted a big retention award of 28,637 restricted inventory items, underscoring the corporate’s dedication to retaining key personnel.

Piper Sandler additionally elevated CF Industries’ value goal to $79 from $77, sustaining an Underweight score on the inventory. This revision adopted the corporate’s latest publication of third-quarter earnings and fourth-quarter steerage. RBC Capital additionally adjusted its outlook on CF Industries, rising the worth goal to $100 from the earlier $95, whereas sustaining an Outperform score on the inventory.

In its earnings name for the primary 9 months and third quarter of 2024, CF Industries reported strong monetary outcomes. The corporate’s adjusted EBITDA stands at $511 million for Q3 and $1.7 billion for the primary 9 months. CF Industries additionally highlighted its ongoing carbon seize initiatives and preparation for an anticipated tightening within the nitrogen market. These are latest developments within the firm’s operations and monetary efficiency.

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