Nykredit A S purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 54,026 shares of the basic materials company’s stock, valued at approximately $5,849,000.
A number of other hedge funds have also modified their holdings of CF. Himension Capital Singapore PTE. LTD. bought a new position in CF Industries in the 1st quarter worth $25,000. Virtus Advisers LLC bought a new position in shares of CF Industries in the second quarter worth about $25,000. Keating Financial Advisory Services Inc. purchased a new position in CF Industries in the 2nd quarter worth approximately $29,000. Altshuler Shaham Ltd boosted its stake in CF Industries by 36.6% in 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 during the period. Finally, Elevation Wealth Partners LLC boosted its stake in CF Industries by 39.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 122 shares during the period. 93.06% of the stock is currently owned by institutional investors.
CF Industries Stock Performance
NYSE CF opened at $133.79 on Monday. The company has a market cap of $20.25 billion, a P/E ratio of 9.92, a P/E/G ratio of 0.26 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. The business’s 50 day moving average price is $121.31 and its 200-day moving average price is $118.44. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96.
CF Industries Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were issued a $0.60 dividend. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, August 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. CF Industries’s dividend payout ratio (DPR) is 17.79%.
Analyst Ratings Changes
A number of brokerages have issued reports on CF. UBS Group lifted their price target on shares of CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $129.00 price objective on shares of CF Industries in a report on Friday, July 24th. Freedom Capital upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Morgan Stanley reduced their target price on CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Finally, BNP Paribas Exane decreased their target price on CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus price target of $116.56.
Check Out Our Latest Analysis 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.
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