VectorGlobal IAG Inc. acquired a new position in CF Industries Holdings, Inc. (NYSE:CF – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,000 shares of the basic materials company’s stock, valued at approximately $779,000.
A number of other institutional investors have also recently bought and sold shares of CF. Norges Bank bought a new position in shares of CF Industries during the fourth quarter worth approximately $193,657,000. Dimensional Fund Advisors LP raised its position in shares of CF Industries by 37.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock valued at $333,501,000 after buying an additional 1,178,516 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of CF Industries in the second quarter valued at approximately $96,560,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of CF Industries by 203.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,088,286 shares of the basic materials company’s stock valued at $141,303,000 after buying an additional 729,921 shares during the period. Finally, Caisse de depot et placement du Quebec grew its position in CF Industries by 52.4% during the third quarter. Caisse de depot et placement du Quebec now owns 1,775,106 shares of the basic materials company’s stock worth $159,227,000 after buying an additional 610,259 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently issued reports on CF shares. Berenberg Bank increased their target price on CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Industries in a research report on Monday, June 29th. HSBC reduced their price objective on shares of CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. UBS Group decreased their target price on shares of CF Industries from $140.00 to $130.00 in a report on Friday, May 8th. Finally, BNP Paribas Exane dropped their target price on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, CF Industries has an average rating of “Hold” and an average price target of $116.69.
CF Industries Stock Down 0.1%
NYSE:CF opened at $125.06 on Monday. The firm’s 50 day simple moving average is $114.27 and its 200 day simple moving average is $112.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The company has a market cap of $19.21 billion, a PE ratio of 11.24 and a beta of 0.40.
CF Industries Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 14th. CF Industries’s dividend payout ratio (DPR) is presently 21.56%.
CF Industries Company Profile
CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.
Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.
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