Envestnet Portfolio Solutions Inc. Sells 4,273 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Envestnet Portfolio Solutions Inc. decreased its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 39.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,430 shares of the basic materials company's stock after selling 4,273 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in CF Industries were worth $549,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Pathstone Holdings LLC increased its stake in CF Industries by 12.2% in the third quarter. Pathstone Holdings LLC now owns 17,133 shares of the basic materials company's stock valued at $1,470,000 after acquiring an additional 1,860 shares during the period. PNC Financial Services Group Inc. boosted its position in CF Industries by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company's stock valued at $2,004,000 after buying an additional 179 shares during the last quarter. Cerity Partners LLC increased its position in CF Industries by 16.8% in the third quarter. Cerity Partners LLC now owns 10,051 shares of the basic materials company's stock worth $862,000 after purchasing an additional 1,449 shares during the period. Penserra Capital Management LLC raised its stake in shares of CF Industries by 10.0% during the third quarter. Penserra Capital Management LLC now owns 5,471 shares of the basic materials company's stock worth $468,000 after buying an additional 496 shares during the last quarter. Finally, Swedbank AB boosted its stake in CF Industries by 3.8% in the third quarter. Swedbank AB now owns 271,198 shares of the basic materials company's stock valued at $23,269,000 after acquiring an additional 9,815 shares during the last quarter. Institutional investors own 93.06% of the company's stock.

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Wall Street Analyst Weigh In

CF has been the subject of several recent research reports. UBS Group dropped their target price on shares of CF Industries from $92.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Oppenheimer reduced their target price on CF Industries from $114.00 to $111.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada lowered their price target on CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. Barclays reduced their price objective on shares of CF Industries from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 5th. Finally, Piper Sandler increased their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, CF Industries currently has an average rating of "Hold" and a consensus price target of $89.86.

CF Industries Stock Performance

Shares of NYSE:CF traded down $0.87 during trading on Friday, reaching $77.11. 294,863 shares of the stock were exchanged, compared to its average volume of 2,072,500. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The stock has a 50-day moving average price of $82.88 and a 200-day moving average price of $85.04. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The firm has a market cap of $13.07 billion, a PE ratio of 11.40, a PEG ratio of 0.37 and a beta of 0.99.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. Research 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.59%. CF Industries's dividend payout ratio (DPR) is presently 29.54%.

Insider Activity

In other news, EVP Susan L. Menzel sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the sale, the executive vice president now owns 92,486 shares of the company's stock, valued at approximately $8,878,656. This represents a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,889 shares of company stock worth $1,130,955. 0.48% of the stock is currently owned by company insiders.

CF Industries Company 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.