Wealth Enhancement Advisory Services LLC Reduces Stock Position in CF Industries Holdings, Inc. $CF

Wealth Enhancement Advisory Services LLC cut its position in CF Industries Holdings, Inc. (NYSE:CF) by 25.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 198,907 shares of the basic materials company’s stock after selling 66,817 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.13% of CF Industries worth $15,771,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CF. Principal Financial Group Inc. lifted its stake in CF Industries by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 232,647 shares of the basic materials company’s stock valued at $20,868,000 after acquiring an additional 23,942 shares during the period. Assetmark Inc. boosted its holdings in shares of CF Industries by 878.2% in the 3rd quarter. Assetmark Inc. now owns 17,941 shares of the basic materials company’s stock valued at $1,609,000 after acquiring an additional 16,107 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of CF Industries by 19.8% in the third quarter. Van ECK Associates Corp now owns 369,321 shares of the basic materials company’s stock worth $33,128,000 after acquiring an additional 61,140 shares during the period. Inspire Advisors LLC acquired a new stake in shares of CF Industries in the third quarter worth $677,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of CF Industries by 26.8% during the third quarter. Allianz Asset Management GmbH now owns 2,193,042 shares of the basic materials company’s stock worth $196,716,000 after purchasing an additional 464,115 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Stock Up 1.0%

CF opened at $128.23 on Thursday. The company has a fifty day moving average of $102.72 and a two-hundred day moving average of $89.77. The stock has a market capitalization of $19.70 billion, a price-to-earnings ratio of 14.25 and a beta of 0.68. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $137.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.93 and a current ratio of 3.37.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.06. CF Industries had a net margin of 20.54% and a return on equity of 19.84%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the company posted $1.89 EPS. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. On average, research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, February 13th. CF Industries’s dividend payout ratio (DPR) is presently 22.22%.

Analyst Ratings Changes

Several equities research analysts have commented on CF shares. Canadian Imperial Bank of Commerce upped their price target on shares of CF Industries from $100.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Rothschild & Co Redburn set a $72.00 price objective on CF Industries in a research note on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price objective on CF Industries from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, February 20th. BNP Paribas Exane upped their target price on CF Industries from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen lowered CF Industries from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $101.73.

Insider Buying and Selling

In other news, VP Erik M. Mayer sold 1,500 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $124.69, for a total transaction of $187,035.00. Following the transaction, the vice president owned 6,341 shares in the company, valued at $790,659.29. This trade represents a 19.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Richard A. Hoker sold 3,499 shares of CF Industries stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $125.38, for a total transaction of $438,704.62. Following the completion of the sale, the vice president directly owned 31,036 shares in the company, valued at $3,891,293.68. This represents a 10.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,408 shares of company stock valued at $9,971,298 in the last 90 days. Corporate insiders own 0.42% of the company’s stock.

CF Industries Company Profile

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.