Envestnet Portfolio Solutions Inc. Sells 409 Shares of CF Industries Holdings, Inc. $CF

Envestnet Portfolio Solutions Inc. decreased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,419 shares of the basic materials company’s stock after selling 409 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in CF Industries were worth $407,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new stake in CF Industries during the second quarter valued at $26,000. Zions Bancorporation National Association UT bought a new stake in CF Industries during the first quarter valued at $27,000. Golden State Wealth Management LLC boosted its position in CF Industries by 119.8% during the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 206 shares during the last quarter. TCTC Holdings LLC boosted its position in CF Industries by 114.1% during the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 202 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in CF Industries during the first quarter valued at $50,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Trading Up 3.3%

CF opened at $86.01 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The firm has a market capitalization of $13.93 billion, a PE ratio of 11.23 and a beta of 0.93. The company’s 50-day moving average is $86.66 and its 200 day moving average is $87.27.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business posted $2.30 EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. As a group, research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.00 annualized dividend and a yield of 2.3%. CF Industries’s dividend payout ratio (DPR) is 26.11%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank Of Canada set a $100.00 price target on shares of CF Industries and gave the company a “sector perform” rating in a research report on Monday, July 14th. Scotiabank reissued a “sector perform” rating and set a $82.00 price objective (up previously from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Wells Fargo & Company increased their price objective on shares of CF Industries from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of CF Industries in a research report on Tuesday, October 14th. Finally, UBS Group cut their price objective on shares of CF Industries from $101.00 to $96.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.92.

CF Industries Profile

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.