Envestnet Asset Management Inc. Purchases 15,291 Shares of CF Industries Holdings, Inc. $CF

Envestnet Asset Management Inc. increased its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 276,542 shares of the basic materials company’s stock after purchasing an additional 15,291 shares during the period. Envestnet Asset Management Inc. owned 0.16% of CF Industries worth $25,442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Planned Solutions Inc. raised its position in shares of CF Industries by 3.5% during the 2nd quarter. Planned Solutions Inc. now owns 3,393 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 114 shares during the period. Nordea Investment Management AB raised its position in shares of CF Industries by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 15,262 shares of the basic materials company’s stock valued at $1,395,000 after purchasing an additional 114 shares during the period. Nations Financial Group Inc. IA ADV raised its position in shares of CF Industries by 1.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company’s stock valued at $682,000 after purchasing an additional 116 shares during the period. Rowlandmiller & PARTNERS.ADV grew its stake in CF Industries by 4.1% during the second quarter. Rowlandmiller & PARTNERS.ADV now owns 3,325 shares of the basic materials company’s stock valued at $306,000 after acquiring an additional 130 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in CF Industries by 7.7% during the second quarter. Farther Finance Advisors LLC now owns 1,838 shares of the basic materials company’s stock valued at $169,000 after acquiring an additional 131 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

Shares of NYSE:CF opened at $84.42 on Tuesday. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $86.60 and a two-hundred day simple moving average of $88.37. The stock has a market capitalization of $13.67 billion, a P/E ratio of 11.02 and a beta of 0.93.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS 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 firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the company earned $2.30 EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, analysts expect 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 declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. CF Industries’s payout ratio is currently 26.11%.

Analyst Ratings Changes

Several research firms recently weighed in on CF. Wells Fargo & Company raised their target price on shares of CF Industries from $101.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CF Industries in a research note on Tuesday, October 14th. Bank of America raised their target price on shares of CF Industries from $82.00 to $83.00 and gave the company an “underperform” rating in a research note on Tuesday, October 14th. Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, HSBC cut their target price on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus price target of $97.54.

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.