Wealthfront Advisers LLC Sells 12,595 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Wealthfront Advisers LLC reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 47.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,915 shares of the basic materials company's stock after selling 12,595 shares during the period. Wealthfront Advisers LLC's holdings in CF Industries were worth $1,087,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in CF Industries by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company's stock valued at $495,000 after buying an additional 120 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of CF Industries by 4.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company's stock worth $257,000 after acquiring an additional 126 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in CF Industries by 2.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,192 shares of the basic materials company's stock valued at $562,000 after acquiring an additional 142 shares during the last quarter. Principal Street Partners LLC grew its holdings in CF Industries by 2.0% in the fourth quarter. Principal Street Partners LLC now owns 7,906 shares of the basic materials company's stock worth $675,000 after purchasing an additional 154 shares during the last quarter. Finally, Alps Advisors Inc. grew its stake in CF Industries by 3.5% during the 1st quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company's stock worth $361,000 after buying an additional 158 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on CF shares. Oppenheimer cut CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. Royal Bank Of Canada set a $100.00 price target on CF Industries and gave the company a "sector perform" rating in a research report on Monday, July 14th. Wells Fargo & Company boosted their price objective on CF Industries from $105.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Scotiabank raised shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price target on the stock in a research report on Wednesday, April 9th. Finally, Morgan Stanley set a $95.00 price objective on CF Industries and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, CF Industries has an average rating of "Hold" and an average target price of $93.00.

Insider Activity

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the completion of the sale, the executive vice president directly owned 87,923 shares in the company, valued at $8,812,522.29. This represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently owned by corporate insiders.

CF Industries Stock Performance

CF Industries stock traded up $1.15 during trading hours on Tuesday, hitting $92.14. The stock had a trading volume of 699,201 shares, compared to its average volume of 2,257,695. The company has a 50-day moving average of $93.04 and a two-hundred day moving average of $85.49. 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 market cap of $15.62 billion, a PE ratio of 12.14 and a beta of 0.96. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.38. CF Industries had a return on equity of 17.39% and a net margin of 21.80%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned $1.03 EPS. The business's quarterly revenue was up 13.1% compared to the same quarter last year. On average, equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, August 15th. CF Industries's payout ratio is currently 26.35%.

CF Industries announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 7th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

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.