12,115 Shares in CF Industries Holdings, Inc. $CF Bought by Confluence Investment Management LLC

Confluence Investment Management LLC acquired a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 12,115 shares of the basic materials company’s stock, valued at approximately $1,312,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Himension Capital Singapore PTE. LTD. bought a new position in CF Industries in the 1st quarter worth about $25,000. Altshuler Shaham Ltd boosted its position in shares of CF Industries by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock valued at $54,000 after acquiring an additional 112 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in shares of CF Industries during the 2nd quarter valued at about $44,000. Hantz Financial Services Inc. boosted its position in shares of CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in shares of CF Industries during the fourth quarter worth about $43,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CF. The Goldman Sachs Group decreased their price objective on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 23rd. Scotiabank upgraded shares of CF Industries from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $120.00 to $125.00 in a research report on Tuesday, June 30th. Barclays boosted their price target on shares of CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Bank of America increased their price target on shares of CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Finally, Freedom Capital upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $116.69.

CF Industries Price Performance

Shares of CF Industries stock opened at $118.13 on Wednesday. The firm has a market capitalization of $18.15 billion, a PE ratio of 10.61 and a beta of 0.39. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The business’s 50-day moving average price is $114.17 and its 200-day moving average price is $113.19.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a $0.60 dividend. This is an increase from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 14th. CF Industries’s payout ratio is currently 17.97%.

About CF Industries

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.