Wealthfront Advisers LLC decreased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 22.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,334 shares of the basic materials company’s stock after selling 6,407 shares during the period. Wealthfront Advisers LLC’s holdings in CF Industries were worth $913,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in CF Industries by 4,197.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,101,238 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 1,075,614 shares in the last quarter. CSat Investment Advisory L.P. boosted its stake in CF Industries by 81.3% during the fourth quarter. CSat Investment Advisory L.P. now owns 620 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 278 shares in the last quarter. Rational Advisors LLC boosted its stake in CF Industries by 874.0% during the first quarter. Rational Advisors LLC now owns 711 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 638 shares in the last quarter. Community Bank N.A. bought a new stake in CF Industries during the first quarter worth about $30,000. Finally, Ffcm LLC boosted its stake in CF Industries by 49.4% during the fourth quarter. Ffcm LLC now owns 762 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 252 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Richard A. Hoker sold 3,665 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $41.15, for a total transaction of $150,814.75. Following the completion of the transaction, the vice president now directly owns 63,383 shares of the company’s stock, valued at $2,608,210.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen A. Furbacher sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $42.01, for a total transaction of $126,030.00. Following the transaction, the director now directly owns 47,190 shares of the company’s stock, valued at $1,982,451.90. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
CF has been the subject of several recent analyst reports. ValuEngine raised shares of CF Industries from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Cowen reaffirmed an “outperform” rating and issued a $56.00 target price (down from $62.00) on shares of CF Industries in a report on Tuesday, April 23rd. Bank of America cut shares of CF Industries from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $50.00 to $38.00 in a report on Thursday, April 18th. Citigroup decreased their target price on shares of CF Industries from $51.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, February 19th. Finally, Barclays reaffirmed a “neutral” rating on shares of CF Industries in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $50.26.
Shares of CF traded up $0.93 during mid-day trading on Friday, hitting $46.07. 55,527 shares of the company traded hands, compared to its average volume of 2,280,599. The company has a quick ratio of 1.17, a current ratio of 1.71 and a debt-to-equity ratio of 0.83. CF Industries Holdings, Inc. has a 1 year low of $38.90 and a 1 year high of $56.51. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 37.18, a PEG ratio of 3.46 and a beta of 0.80.
CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). CF Industries had a net margin of 7.09% and a return on equity of 4.81%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts expect that CF Industries Holdings, Inc. will post 2.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.60%. CF Industries’s payout ratio is 96.77%.
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About CF Industries
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
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