First Trust Advisors LP increased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2,613.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 453,297 shares of the basic materials company’s stock after acquiring an additional 436,590 shares during the period. First Trust Advisors LP owned about 0.19% of CF Industries worth $20,126,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Dupont Capital Management Corp increased its holdings in CF Industries by 46.2% during the 2nd quarter. Dupont Capital Management Corp now owns 4,226 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 1,335 shares during the period. DnB Asset Management AS increased its holdings in CF Industries by 6.6% during the 2nd quarter. DnB Asset Management AS now owns 25,945 shares of the basic materials company’s stock worth $1,152,000 after purchasing an additional 1,600 shares during the period. LPL Financial LLC increased its holdings in CF Industries by 18.0% during the 1st quarter. LPL Financial LLC now owns 11,570 shares of the basic materials company’s stock worth $437,000 after purchasing an additional 1,761 shares during the period. Xact Kapitalforvaltning AB increased its holdings in CF Industries by 4.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 38,512 shares of the basic materials company’s stock worth $1,710,000 after purchasing an additional 1,778 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in CF Industries by 9.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,279 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 1,821 shares during the period. 99.70% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:CF opened at $47.52 on Friday. CF Industries Holdings, Inc. has a 12-month low of $28.47 and a 12-month high of $50.54. The firm has a market capitalization of $11.50 billion, a PE ratio of -190.08, a P/E/G ratio of 7.16 and a beta of 0.96. The company has a current ratio of 2.80, a quick ratio of 2.26 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 earnings per share (EPS) for the quarter, beating the Zacks’ 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 the consensus estimate of $1.21 billion. During the same period last year, the business posted $0.10 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. equities research analysts forecast that CF Industries Holdings, Inc. will post 1.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.53%. CF Industries’s dividend payout ratio is presently -480.00%.

CF Industries announced that its board has authorized a share buyback program on Wednesday, August 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the basic materials company to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several research firms have commented on CF. Royal Bank of Canada raised their price objective on CF Industries from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. ValuEngine downgraded CF Industries from a “buy” rating to a “hold” rating in a report on Monday, May 7th. TheStreet downgraded CF Industries from a “b-” rating to a “c+” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded CF Industries from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a report on Monday, August 6th. Finally, Stephens restated a “hold” rating and set a $53.00 price objective on shares of CF Industries in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. CF Industries has an average rating of “Hold” and a consensus price target of $43.29.

In other news, VP Rosemary L. O’brien sold 6,200 shares of CF Industries stock in a transaction on Monday, August 6th. The stock was sold at an average price of $49.16, for a total value of $304,792.00. Following the transaction, the vice president now directly owns 36,215 shares in the company, valued at approximately $1,780,329.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen A. Furbacher sold 2,000 shares of CF Industries stock in a transaction on Monday, August 6th. The shares were sold at an average price of $49.52, for a total value of $99,040.00. Following the completion of the transaction, the director now owns 54,690 shares in the company, valued at $2,708,248.80. The disclosure for this sale can be found here. Insiders sold a total of 39,131 shares of company stock worth $1,925,130 over the last quarter. Company insiders own 1.00% of the company’s stock.

About CF Industries

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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