Institute for Wealth Management LLC. Makes New Investment in CF Industries Holdings, Inc. (NYSE:CF)

Institute for Wealth Management LLC. purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,110 shares of the basic materials company's stock, valued at approximately $321,000.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC increased its position in CF Industries by 6.6% during the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock worth $753,429,000 after buying an additional 543,876 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CF Industries by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock worth $494,202,000 after acquiring an additional 225,109 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of CF Industries by 7.1% during the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company's stock worth $382,901,000 after acquiring an additional 299,173 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of CF Industries by 3.5% during the 4th quarter. First Trust Advisors LP now owns 4,425,518 shares of the basic materials company's stock worth $377,585,000 after acquiring an additional 150,461 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of CF Industries by 7.0% during the 4th quarter. Boston Partners now owns 3,316,616 shares of the basic materials company's stock worth $283,044,000 after acquiring an additional 216,395 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CF shares. Wolfe Research downgraded shares of CF Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, June 12th. Oppenheimer lowered shares of CF Industries from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 22nd. Morgan Stanley decreased their target price on CF Industries from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Royal Bank Of Canada decreased their target price on CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. Finally, UBS Group upped their target price on CF Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CF Industries has a consensus rating of "Hold" and a consensus target price of $90.21.

CF Industries Stock Performance

CF opened at $100.14 on Friday. The firm has a market cap of $16.98 billion, a P/E ratio of 13.19 and a beta of 0.97. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.22 and a current ratio of 2.59. The business's fifty day moving average is $86.46 and its 200-day moving average is $84.47.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.38. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.53 billion. CF Industries had a net margin of 21.80% and a return on equity of 17.39%. The business's revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. Sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.00%. CF Industries's dividend payout ratio is 26.35%.

CF Industries announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 7th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to buy up to 14.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.

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