Wealthfront Advisers LLC increased its holdings in CF Industries Holdings, Inc. (NYSE:CF – Get Rating) by 20.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,430 shares of the basic materials company's stock after acquiring an additional 3,819 shares during the period. Wealthfront Advisers LLC's holdings in CF Industries were worth $1,923,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. acquired a new stake in shares of CF Industries in the 1st quarter worth about $26,000. Parkside Financial Bank & Trust increased its stake in CF Industries by 46.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 530 shares of the basic materials company's stock valued at $46,000 after buying an additional 168 shares during the last quarter. Goldstream Capital Management Ltd purchased a new stake in CF Industries in the 1st quarter valued at about $50,000. Pittenger & Anderson Inc. purchased a new stake in CF Industries in the 1st quarter valued at about $52,000. Finally, Signaturefd LLC increased its stake in CF Industries by 32.7% in the 1st quarter. Signaturefd LLC now owns 528 shares of the basic materials company's stock valued at $54,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 94.43% of the company's stock.
Get CF Industries alerts:CF Industries Stock Down 0.8 %
CF opened at $96.25 on Monday. The company has a 50 day moving average of $101.60 and a 200 day moving average of $97.70. The company has a market cap of $19.18 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. CF Industries Holdings, Inc. has a 12 month low of $55.29 and a 12 month high of $119.60. The company has a current ratio of 3.41, a quick ratio of 2.95 and a debt-to-equity ratio of 0.39.
CF Industries (NYSE:CF – Get Rating) last released its quarterly earnings data on Monday, August 1st. The basic materials company reported $6.19 EPS for the quarter, topping the consensus estimate of $6.06 by $0.13. CF Industries had a net margin of 25.28% and a return on equity of 49.10%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the firm earned $1.14 EPS. CF Industries's revenue for the quarter was up 113.4% on a year-over-year basis. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 19.18 EPS for the current year.CF Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.66%. The ex-dividend date was Friday, August 12th. CF Industries's payout ratio is 13.11%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Credit Suisse Group increased their price objective on shares of CF Industries from $73.00 to $78.00 and gave the company an "underperform" rating in a research note on Tuesday, August 2nd. UBS Group increased their price objective on shares of CF Industries from $108.00 to $128.00 in a research note on Thursday, August 25th. Barclays upgraded shares of CF Industries from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $103.00 to $120.00 in a research note on Wednesday, August 10th. Royal Bank of Canada raised their price target on shares of CF Industries from $100.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 14th. Finally, Scotiabank upgraded shares of CF Industries from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $104.21.
Insider Buying and Selling at CF Industries
In other CF Industries news, CFO Christopher D. Bohn sold 40,000 shares of the firm's stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $110.84, for a total value of $4,433,600.00. Following the completion of the transaction, the chief financial officer now directly owns 81,551 shares of the company's stock, valued at approximately $9,039,112.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Christopher D. Bohn sold 40,000 shares of the firm's stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $110.84, for a total transaction of $4,433,600.00. Following the sale, the chief financial officer now owns 81,551 shares in the company, valued at approximately $9,039,112.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO W Anthony Will sold 102,520 shares of the firm's stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $110.16, for a total transaction of $11,293,603.20. Following the sale, the chief executive officer now owns 322,916 shares in the company, valued at approximately $35,572,426.56. The disclosure for this sale can be found here. Insiders sold a total of 166,484 shares of company stock valued at $18,431,301 in the last three months. Company insiders own 0.42% of the company's stock.
About CF Industries
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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.
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