Wells Fargo & Company MN cut its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 641,411 shares of the basic materials company’s stock after selling 80,559 shares during the quarter. Wells Fargo & Company MN owned about 0.27% of CF Industries worth $28,479,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. HL Financial Services LLC acquired a new stake in shares of CF Industries during the first quarter worth about $254,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of CF Industries in the first quarter valued at approximately $5,449,000. Fulton Bank N.A. increased its position in shares of CF Industries by 82.1% in the first quarter. Fulton Bank N.A. now owns 16,590 shares of the basic materials company’s stock valued at $625,000 after buying an additional 7,478 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in shares of CF Industries in the first quarter valued at approximately $133,000. Finally, ARP Americas LP increased its position in shares of CF Industries by 265.3% in the first quarter. ARP Americas LP now owns 63,200 shares of the basic materials company’s stock valued at $2,385,000 after buying an additional 45,900 shares in the last quarter. 99.10% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Stephen A. Furbacher sold 2,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $49.52, for a total value of $99,040.00. Following the transaction, the director now owns 54,690 shares of the company’s stock, valued at approximately $2,708,248.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Rosemary L. O’brien sold 6,200 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $49.16, for a total value of $304,792.00. Following the completion of the transaction, the vice president now directly owns 36,215 shares in the company, valued at approximately $1,780,329.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,131 shares of company stock worth $1,976,560. Corporate insiders own 1.00% of the company’s stock.

NYSE:CF traded up $0.25 during trading hours on Friday, hitting $51.55. The company had a trading volume of 1,855,929 shares, compared to its average volume of 2,166,849. CF Industries Holdings, Inc. has a 1 year low of $32.24 and a 1 year high of $53.17. The stock has a market cap of $12.28 billion, a P/E ratio of -206.20, a PEG ratio of 6.15 and a beta of 1.03. The company has a quick ratio of 2.26, a current ratio of 2.80 and a debt-to-equity ratio of 0.74.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.18. CF Industries had a return on equity of 1.82% and a net margin of 13.94%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company posted $0.10 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. equities analysts anticipate that CF Industries Holdings, Inc. will post 1.43 earnings per share for the current year.

CF Industries declared that its board has initiated a stock buyback program on Wednesday, August 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the basic materials company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Tuesday, August 14th. CF Industries’s dividend payout ratio (DPR) is presently -480.00%.

A number of analysts have recently commented on CF shares. Scotiabank upgraded CF Industries from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 28th. Stephens restated a “hold” rating and issued a $53.00 price objective on shares of CF Industries in a research report on Friday, August 3rd. HSBC upgraded CF Industries from a “hold” rating to a “buy” rating and set a $36.30 price objective for the company in a research report on Tuesday, August 7th. Zacks Investment Research upgraded CF Industries from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, September 6th. Finally, Royal Bank of Canada upgraded CF Industries from an “underperform” rating to a “sector perform” rating and boosted their price target for the stock from $38.00 to $42.00 in a research report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $44.04.

CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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