Wealth Enhancement Advisory Services LLC Purchases 59,498 Shares of CF Industries Holdings, Inc. $CF

Wealth Enhancement Advisory Services LLC grew its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 54.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 168,738 shares of the basic materials company’s stock after acquiring an additional 59,498 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in CF Industries were worth $15,971,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. raised its position in CF Industries by 21.8% during the 1st quarter. QRG Capital Management Inc. now owns 14,356 shares of the basic materials company’s stock valued at $1,122,000 after purchasing an additional 2,572 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 206 shares in the last quarter. Talaria Asset Management Pty Ltd raised its position in shares of CF Industries by 77.0% in the 1st quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock worth $45,640,000 after acquiring an additional 254,000 shares in the last quarter. Sarasin & Partners LLP purchased a new stake in shares of CF Industries in the 1st quarter worth approximately $1,716,000. Finally, Private Trust Co. NA boosted its stake in CF Industries by 62.2% during the 1st quarter. Private Trust Co. NA now owns 720 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 276 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

CF Industries stock opened at $85.03 on Monday. The stock has a market cap of $13.77 billion, a P/E ratio of 11.10 and a beta of 0.95. The company has a fifty day simple moving average of $88.01 and a 200-day simple moving average of $85.68. 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 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.02. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 EPS. Equities analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, August 15th. CF Industries’s dividend payout ratio (DPR) is currently 26.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Scotiabank reissued a “sector perform” rating and set a $82.00 price target (up from $81.00) on shares of CF Industries in a report on Monday, August 11th. Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. raised shares of CF Industries from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $92.00 in a research note on Tuesday, July 29th. Wall Street Zen raised shares of CF Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Morgan Stanley set a $95.00 price target on CF Industries and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.