Envestnet Asset Management Inc. Cuts Stake in CF Industries Holdings, Inc. (NYSE:CF)

Envestnet Asset Management Inc. lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Get Rating) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,618 shares of the basic materials company’s stock after selling 7,665 shares during the period. Envestnet Asset Management Inc.’s holdings in CF Industries were worth $14,111,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Romano Brothers AND Company purchased a new stake in shares of CF Industries during the fourth quarter worth about $26,000. Guardian Wealth Advisors LLC purchased a new stake in shares of CF Industries during the third quarter worth about $32,000. Kistler Tiffany Companies LLC purchased a new stake in shares of CF Industries during the third quarter worth about $38,000. Assetmark Inc. purchased a new stake in shares of CF Industries during the third quarter worth about $40,000. Finally, Global Retirement Partners LLC increased its stake in shares of CF Industries by 55.7% during the third quarter. Global Retirement Partners LLC now owns 425 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 92.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of CF Industries in a research note on Thursday, March 16th. They set a “hold” rating for the company. Bank of America upped their price objective on shares of CF Industries from $96.00 to $100.00 in a research note on Wednesday, May 3rd. Royal Bank of Canada dropped their price objective on shares of CF Industries from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, April 13th. BMO Capital Markets dropped their price objective on shares of CF Industries from $115.00 to $105.00 in a research note on Wednesday, May 3rd. Finally, Scotiabank upgraded shares of CF Industries from a “sector perform” rating to a “sector outperform” rating and set a $95.00 target price on the stock in a report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.15.

CF Industries Stock Performance

Shares of CF stock opened at $67.58 on Tuesday. The firm’s 50 day moving average price is $74.93 and its 200-day moving average price is $87.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.22 and a current ratio of 4.46. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $119.60. The firm has a market cap of $13.17 billion, a P/E ratio of 4.52, a P/E/G ratio of 1.29 and a beta of 1.01.

CF Industries (NYSE:CF – Get Rating) last issued its quarterly earnings data on Monday, May 1st. The basic materials company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.63 by $0.22. CF Industries had a net margin of 29.26% and a return on equity of 42.23%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $4.21 EPS. The business’s revenue for the quarter was down 29.8% compared to the same quarter last year. As a group, equities research analysts predict that CF Industries Holdings, Inc. will post 8.98 EPS for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, May 12th. CF Industries’s payout ratio is currently 10.70%.

CF Industries Profile

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CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.