Wealthfront Advisers LLC Trims Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Wealthfront Advisers LLC reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 47.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

A number of other large investors also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of CF Industries in the fourth quarter worth approximately $131,350,000. Bank of New York Mellon Corp grew its position in CF Industries by 72.8% during the first quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company's stock valued at $178,053,000 after buying an additional 959,901 shares during the period. Ameriprise Financial Inc. lifted its holdings in 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 valued at $239,299,000 after purchasing an additional 637,784 shares in the last quarter. FMR LLC lifted its holdings 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 valued at $753,429,000 after purchasing an additional 543,876 shares in the last quarter. Finally, Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new position in CF Industries during the fourth quarter valued at approximately $37,247,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 sale, the executive vice president owned 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.42% of the company's stock.

CF Industries Stock Performance

Shares of CF Industries stock traded up $1.99 during midday trading on Wednesday, hitting $93.71. The company had a trading volume of 2,142,016 shares, compared to its average volume of 2,268,520. The stock has a market cap of $15.89 billion, a price-to-earnings ratio of 12.35 and a beta of 0.96. 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 fifty day simple moving average of $93.26 and a 200 day simple moving average of $85.55. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month 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. As a group, 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 approved a stock repurchase program on Wednesday, May 7th that authorizes the company to buyback $2.00 billion in outstanding 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 often an indication that the company's leadership believes its shares are undervalued.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.13%. CF Industries's dividend payout ratio is currently 26.35%.

Wall Street Analysts Forecast Growth

CF has been the topic of several research analyst reports. Barclays boosted their target price on shares of CF Industries from $91.00 to $95.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Morgan Stanley set a $95.00 target price on shares of CF Industries and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Wells Fargo & Company upped their price target on shares of CF Industries from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Oppenheimer cut shares of CF Industries from an "outperform" rating to a "market perform" rating in a report on Tuesday, April 22nd. Finally, BNP Paribas upgraded shares of CF Industries to a "strong-buy" rating in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned 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 $94.50.

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.