Wealth Enhancement Advisory Services LLC Acquires 102,401 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 1,497.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,240 shares of the basic materials company's stock after purchasing an additional 102,401 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.06% of CF Industries worth $8,537,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CF. Norges Bank bought a new stake in shares of CF Industries during the fourth quarter worth $131,350,000. Ameriprise Financial Inc. lifted its stake in CF Industries by 29.4% in the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company's stock worth $239,299,000 after acquiring an additional 637,784 shares during the period. FMR LLC lifted its stake in CF Industries by 6.6% in the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock worth $753,429,000 after acquiring an additional 543,876 shares during the period. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new stake in CF Industries in the fourth quarter worth about $37,247,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake 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 worth $36,583,000 after acquiring an additional 357,531 shares during the period. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

Shares of CF Industries stock opened at $96.48 on Tuesday. The firm has a market capitalization of $16.36 billion, a P/E ratio of 12.71 and a beta of 0.97. The company has a quick ratio of 2.22, a current ratio of 2.59 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average price of $86.95 and a 200 day moving average price of $84.44. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.53 billion. CF Industries had a net margin of 21.80% and a return on equity of 17.39%. CF Industries's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. Sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a $0.50 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.07%. CF Industries's dividend payout ratio is currently 26.35%.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BNP Paribas raised shares of CF Industries to a "strong-buy" rating in a research note on Wednesday, April 9th. UBS Group upped their price objective on shares of CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Oppenheimer lowered shares of CF Industries from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 22nd. Bank of America raised shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price objective for the company in a research note on Monday, February 24th. Finally, Barclays upped their price objective on shares of CF Industries from $87.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $90.21.

CF Industries 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.

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