Institute for Wealth Management LLC. Invests $321,000 in CF Industries Holdings, Inc. (NYSE:CF)

Institute for Wealth Management LLC. acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,110 shares of the basic materials company's stock, valued at approximately $321,000.

Several other large investors have also bought and sold shares of CF. Norges Bank bought a new position in CF Industries during the 4th quarter worth approximately $131,350,000. Ameriprise Financial Inc. increased its position in shares of CF Industries by 29.4% during the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company's stock worth $239,299,000 after buying an additional 637,784 shares during the period. FMR LLC raised its stake 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. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new position in CF Industries during the fourth quarter worth $37,247,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in CF Industries by 459.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company's stock valued at $36,583,000 after buying an additional 357,531 shares during the period. 93.06% of the stock is owned by institutional investors.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of CF Industries stock in a transaction on Friday, June 20th. The shares were sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the transaction, the executive vice president now directly owns 87,923 shares of the company's stock, valued at $8,812,522.29. The trade was a 10.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CF. Wells Fargo & Company increased their price target on CF Industries from $96.00 to $98.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Wolfe Research cut CF Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, June 12th. Royal Bank Of Canada lowered their target price on CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Oppenheimer lowered CF Industries from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 22nd. Finally, UBS Group raised their price objective on shares of CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $90.21.

CF Industries Stock Down 2.0%

Shares of CF traded down $1.90 during trading hours on Tuesday, reaching $94.63. The stock had a trading volume of 4,169,628 shares, compared to its average volume of 2,219,265. The firm has a 50-day simple moving average of $86.95 and a 200 day simple moving average of $84.44. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $104.45. The company has a current ratio of 2.59, a quick ratio of 2.22 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 12.47 and a beta of 0.97.

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

CF Industries declared that its board has authorized a share repurchase plan on Wednesday, May 7th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to purchase up to 14.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 2.11%. CF Industries's payout ratio is 26.35%.

CF Industries Company Profile

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.