Wellington Management Group LLP Lowers Stock Holdings in CF Industries Holdings, Inc. $CF

Key Points

• Wellington Management Group LLP has reduced its stake in CF Industries Holdings, Inc. by 9.9%, selling 43,807 shares and now owning 0.24% of the company, valued at approximately $31.16 million.
• CF Industries reported earnings of $2.37 per share for the last quarter, beating expectations and showing revenue growth of 20.2% year-over-year, totaling $1.89 billion.
• The company has announced a $0.50 quarterly dividend, reflecting a 2.3% yield, as part of its continued financial strategy, including a recently authorized $2 billion stock buyback program.

Wellington Management Group LLP cut its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 398,742 shares of the basic materials company's stock after selling 43,807 shares during the quarter. Wellington Management Group LLP owned about 0.24% of CF Industries worth $31,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Curat Global LLC purchased a new position in shares of CF Industries in the 1st quarter valued at $25,000. Zions Bancorporation National Association UT acquired a new position in CF Industries during the 1st quarter valued at about $27,000. Golden State Wealth Management LLC increased its position in CF Industries by 119.8% during the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after buying an additional 206 shares in the last quarter. TCTC Holdings LLC increased its position in CF Industries by 114.1% during the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock valued at $30,000 after buying an additional 202 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in CF Industries during the 4th quarter valued at about $34,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 10,000 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $100.23, for a total value of $1,002,300.00. Following the sale, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is owned by insiders.

CF Industries Stock Performance

CF Industries stock traded down $0.72 during trading hours on Friday, hitting $86.60. 1,380,864 shares of the stock traded hands, compared to its average volume of 2,954,537. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. The firm's 50 day moving average price is $90.74 and its 200-day moving average price is $85.04. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 11.30 and a beta of 0.94. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.02. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The company's quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.30 EPS. As a group, equities analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

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

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.50 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. CF Industries's dividend payout ratio is presently 26.11%.

Analyst Upgrades and Downgrades

CF has been the topic of several recent analyst reports. Scotiabank reaffirmed a "sector perform" rating and set a $82.00 target price (up from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Wolfe Research lowered CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. Morgan Stanley set a $95.00 target price on CF Industries and gave the company an "equal weight" rating in a research report on Thursday, June 26th. BNP Paribas lowered CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. raised CF Industries from an "underweight" rating to a "neutral" rating and upped their target price for the company from $75.00 to $92.00 in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, CF Industries currently has an average rating of "Hold" and an average target price of $95.00.

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.