Raiffeisen Bank International AG reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 32.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,275 shares of the basic materials company’s stock after selling 43,645 shares during the quarter. Raiffeisen Bank International AG owned 0.06% of CF Industries worth $9,859,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of CF. Himension Capital Singapore PTE. LTD. bought a new position in shares of CF Industries in the first quarter worth about $25,000. Virtus Advisers LLC bought a new stake in shares of CF Industries during the 2nd quarter valued at approximately $25,000. Continuum Advisory LLC bought a new stake in shares of CF Industries during the 2nd quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. acquired a new position in CF Industries during the 2nd quarter worth approximately $29,000. Finally, Altshuler Shaham Ltd increased its position in CF Industries by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.
CF Industries Trading Down 0.9%
NYSE:CF opened at $137.97 on Friday. 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 firm has a 50-day moving average of $120.75 and a 200-day moving average of $118.16. The company has a market cap of $20.88 billion, a PE ratio of 10.23, a PEG ratio of 0.27 and a beta of 0.40. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96.
CF Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.7%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, August 14th. CF Industries’s payout ratio is currently 17.79%.
Wall Street Analysts Forecast Growth
CF has been the subject of a number of research reports. Royal Bank Of Canada dropped their price objective on shares of CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a report on Friday, July 17th. Weiss Ratings downgraded shares of CF Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. BMO Capital Markets cut their price target on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $129.00 price objective on shares of CF Industries in a research note on Friday, July 24th. Finally, Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $116.56.
View Our Latest Research Report on CF
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.
Featured Articles
- Five stocks we like better than CF Industries
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Want to see what other hedge funds are holding CF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CF Industries Holdings, Inc. (NYSE:CF – Free Report).
Receive News & Ratings for CF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries and related companies with MarketBeat.com's FREE daily email newsletter.
