Public Employees Retirement System of Ohio purchased a new position in CF Industries Holdings, Inc. (NYSE:CF – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,180 shares of the basic materials company’s stock, valued at approximately $5,432,000.
Several other institutional investors also recently modified their holdings of CF. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in CF Industries during the 4th quarter valued at about $11,556,000. Teamwork Financial Advisors LLC bought a new position in CF Industries during the second quarter valued at approximately $10,108,000. Twin Capital Management Inc. purchased a new stake in CF Industries in the fourth quarter worth approximately $714,000. S&CO Inc. purchased a new stake in CF Industries in the second quarter worth approximately $2,630,000. Finally, Burford Brothers Inc. bought a new stake in CF Industries in the 4th quarter worth approximately $960,000. 93.06% of the stock is owned by hedge funds and other institutional investors.
CF Industries Trading Up 2.7%
Shares of CF Industries stock opened at $139.28 on Thursday. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96. The company’s fifty day simple moving average is $120.10 and its 200-day simple moving average is $117.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. The stock has a market capitalization of $21.08 billion, a PE ratio of 10.32, a P/E/G ratio of 0.27 and a beta of 0.40.
CF Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were given a $0.60 dividend. The ex-dividend date was Friday, August 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. CF Industries’s dividend payout ratio (DPR) is currently 17.79%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on CF shares. Freedom Capital raised CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. BNP Paribas Exane cut their price objective on CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, June 15th. UBS Group upped their price objective on CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $129.00 target price on shares of CF Industries in a report on Friday, July 24th. Finally, Freedom Broker cut CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $116.56.
CF Industries 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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