Envestnet Asset Management Inc. Sells 6,666 Shares of CF Industries Holdings, Inc. $CF

Envestnet Asset Management Inc. cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 269,876 shares of the basic materials company’s stock after selling 6,666 shares during the period. Envestnet Asset Management Inc. owned approximately 0.17% of CF Industries worth $24,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of CF Industries by 78.0% in the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. True Wealth Design LLC lifted its stake in CF Industries by 396.2% in the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 309 shares in the last quarter. Eastern Bank acquired a new position in CF Industries during the 3rd quarter worth approximately $35,000. Peterson Wealth Services grew its stake in shares of CF Industries by 451.3% during the 3rd quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 361 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of CF Industries during the 3rd quarter worth approximately $41,000. Institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CF. JPMorgan Chase & Co. reduced their target price on shares of CF Industries from $87.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Wolfe Research upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Mizuho lowered their target price on CF Industries from $92.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. Bank of America dropped their target price on CF Industries from $83.00 to $78.00 and set an “underperform” rating on the stock in a report on Thursday, January 8th. Finally, UBS Group decreased their price target on CF Industries from $91.00 to $86.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CF Industries has an average rating of “Hold” and a consensus target price of $88.14.

CF Industries Price Performance

Shares of CF opened at $94.63 on Friday. The company’s 50-day moving average is $84.64 and its 200-day moving average is $85.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.99. The firm has a market capitalization of $14.76 billion, a PE ratio of 11.40 and a beta of 0.70. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. CF Industries’s dividend payout ratio is presently 24.10%.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.