Caisse de depot et placement du Quebec acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 922,863 shares of the basic materials company’s stock, valued at approximately $99,909,000. Caisse de depot et placement du Quebec owned about 0.61% of CF Industries as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of CF. BlackRock Inc. acquired a new stake in shares of CF Industries during the second quarter worth about $1,410,607,000. Dimensional Fund Advisors LP increased its position in CF Industries by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after acquiring an additional 146,682 shares during the period. Boston Partners raised its stake in CF Industries by 15.3% during the 3rd quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock valued at $321,852,000 after acquiring an additional 476,769 shares during the last quarter. Invesco Ltd. raised its stake in CF Industries by 12.0% during the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after acquiring an additional 381,716 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in CF Industries by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,287,256 shares of the basic materials company’s stock worth $302,428,000 after acquiring an additional 11,792 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.
CF Industries Stock Down 1.2%
Shares of NYSE CF opened at $125.71 on Thursday. The firm’s 50-day moving average is $117.27 and its two-hundred day moving average is $116.58. The company has a market capitalization of $19.02 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32.
CF Industries Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 1.9%. CF Industries’s dividend payout ratio (DPR) is 17.79%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. UBS Group boosted their target price on CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, August 7th. BNP Paribas Exane dropped their price objective on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, June 15th. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. The Goldman Sachs Group reduced their price objective on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, June 23rd. Finally, Bank of America lifted their price objective on CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $116.56.
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.
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