Envestnet Asset Management Inc. trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,234 shares of the basic materials company’s stock after selling 20,850 shares during the period. Envestnet Asset Management Inc. owned approximately 0.05% of CF Industries worth $6,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank acquired a new position in shares of CF Industries in the 3rd quarter valued at $112,000. Blackhawk Capital Partners LLC. lifted its stake in shares of CF Industries by 485.7% in the 2nd quarter. Blackhawk Capital Partners LLC. now owns 2,665 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 2,210 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of CF Industries in the 3rd quarter valued at $145,000. Point72 Hong Kong Ltd acquired a new position in shares of CF Industries in the 2nd quarter valued at $127,000. Finally, First Mercantile Trust Co. acquired a new position in shares of CF Industries in the 3rd quarter valued at $160,000. Institutional investors and hedge funds own 95.74% of the company’s stock.

In other news, Director Stephen A. Furbacher sold 3,500 shares of the company’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $52.45, for a total transaction of $183,575.00. Following the completion of the sale, the director now owns 50,190 shares of the company’s stock, valued at $2,632,465.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on the stock. ValuEngine cut shares of CF Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 15th. Citigroup upgraded shares of CF Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $56.00 to $60.00 in a research note on Friday, November 2nd. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, October 31st. Morgan Stanley boosted their target price on shares of CF Industries from $37.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, October 10th. Finally, Cowen boosted their price target on shares of CF Industries from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, October 4th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $51.52.

Shares of NYSE CF opened at $41.37 on Tuesday. The firm has a market capitalization of $9.71 billion, a P/E ratio of 41.64, a P/E/G ratio of 4.34 and a beta of 1.07. The company has a quick ratio of 1.69, a current ratio of 2.03 and a debt-to-equity ratio of 0.76. CF Industries Holdings, Inc. has a one year low of $35.70 and a one year high of $56.51.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $993.94 million. CF Industries had a return on equity of 3.69% and a net margin of 16.06%. CF Industries’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.39) EPS. Equities research analysts expect that CF Industries Holdings, Inc. will post 1.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.90%. The ex-dividend date was Wednesday, November 14th. CF Industries’s payout ratio is presently -480.00%.

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CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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