Envestnet Asset Management Inc. Has $20.42 Million Position in CF Industries Holdings, Inc. (NYSE:CF)

Envestnet Asset Management Inc. grew its holdings in CF Industries Holdings, Inc. (NYSE:CFFree Report) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,251 shares of the basic materials company’s stock after purchasing an additional 8,078 shares during the quarter. Envestnet Asset Management Inc. owned about 0.15% of CF Industries worth $20,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of CF Industries in the fourth quarter valued at approximately $14,883,000. Independent Advisor Alliance purchased a new stake in shares of CF Industries in the fourth quarter worth $338,000. HighTower Advisors LLC increased its stake in CF Industries by 15.5% in the fourth quarter. HighTower Advisors LLC now owns 19,414 shares of the basic materials company’s stock valued at $1,656,000 after acquiring an additional 2,612 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in CF Industries by 132.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 23,307 shares of the basic materials company’s stock valued at $1,989,000 after acquiring an additional 13,261 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of CF Industries by 2.0% during the fourth quarter. Corient Private Wealth LLC now owns 17,092 shares of the basic materials company’s stock valued at $1,458,000 after buying an additional 338 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CF has been the topic of several recent analyst reports. Scotiabank raised CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 target price on the stock in a research note on Wednesday, April 9th. Oppenheimer downgraded shares of CF Industries from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 22nd. Wolfe Research downgraded shares of CF Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 12th. Wells Fargo & Company set a $105.00 price target on shares of CF Industries and gave the stock an “overweight” rating in a research note on Wednesday, June 25th. Finally, BNP Paribas upgraded shares of CF Industries to a “strong-buy” rating in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $92.79.

View Our Latest Research Report on CF Industries

Insider Buying and Selling at CF Industries

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 stock was sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the transaction, the executive vice president owned 87,923 shares in the company, valued at approximately $8,812,522.29. This represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

CF Industries Price Performance

Shares of CF opened at $92.66 on Thursday. The business’s 50-day moving average is $92.63 and its two-hundred day moving average is $85.39. The company has a market capitalization of $15.71 billion, a P/E ratio of 12.21 and a beta of 0.96. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. 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:CFGet Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, August 15th. CF Industries’s dividend payout ratio (DPR) is presently 26.35%.

CF Industries declared that its board has authorized a share buyback program on Wednesday, May 7th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to purchase up to 14.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About CF Industries

(Free Report)

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.

Recommended Stories

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:CFFree Report).

Institutional Ownership by Quarter for CF Industries (NYSE:CF)

Receive News & Ratings for CF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries and related companies with MarketBeat.com's FREE daily email newsletter.