JPMorgan Chase & Co. in the second quarter CF Industries Holdings, Inc. (NYSE:CF – GET Rating) reduced its stake by 0.0%, according to its most recent filing with the SEC. The firm held 1,002,337 shares of the basic materials company’s stock after selling 280 shares during the period. JPMorgan Chase & Co. at CF Industries. holdings were worth $85,931,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in CF Industries shares by 0.4% in the first quarter. Vanguard Group Inc. of 25,747,358 shares of Basic Materials Company stock valued at $2,653,523,000 after acquiring an additional 94,482 shares during the period. William Blair Investment Management LLC purchased a new stake in CF Industries during the first quarter valued at approximately $232,613,000. Charles Schwab Investment Management Inc. raised its position in CF Industries by 2.7% during the first quarter. After purchasing an additional 43,695 shares during this period, Charles Schwab Investment Management Inc. holds 1,639,868 shares of Basic Materials Company stock valued at $169,005,000. Ernest Partners LLC raised its position in CF Industries by 2.2% during the first quarter. Ernest Partners LLC now owns 1,483,112 shares of the basic materials company’s stock, valued at $152,850,000, after purchasing an additional 32,383 shares during the period. Lastly, Victory Capital Management Inc. raised its position in CF Industries by 21.5% during the first quarter. Victory Capital Management Inc. after buying an additional 223,606 shares during the period. holds 1,264,545 shares of Basic Materials Company stock valued at $123,709,000. Institutional investors hold 94.43% of the company’s stock.
CF Industries stock down 3.1%
Shares of NYSE:CF opened at $106.31 on Thursday. CF Industries Holdings, Inc. The 52-week low is $57.25 and the 52-week high is $119.60. The stock has a market cap of $20.86 billion, P/E ratio of 6.98, price-to-earnings-growth ratio of 1.02 and beta of 1.00. The 50-day moving average of the business is $103.15 and its 200-day moving average is $98.34. The company has a quick ratio of 2.30, current ratio of 2.66 and debt-to-equity ratio of 0.42.
CF Industries Dividend Declaration
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30. Investors of record will be paid a $0.40 dividend on Tuesday, November 15th. The ex-dividend date is Monday, November 14. This represents a $1.60 annual dividend and a yield of 1.51%. The Dividend Payout Ratio (DPR) of CF Industries currently stands at 10.50%.
Wall Street analysts forecast growth
CF has been the subject of several recent research reports. UBS Group raised its price objective on CF Industries from $108.00 to $128.00 in a research report on Thursday, August 25. Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $103.00 to $120.00 in a research note on Wednesday, August 10. Royal Bank of Canada raised CF Industries from a “sector perform” rating to an “outperform” rating and raised its target price for the company from $110.00 to $135.00 in a research note on Monday, October 3. Scotiabank raised CF Industries from “sector perform” rating to “sector outperform” rating in a research note on Wednesday, August 3. Finally, Credit Suisse Group raised its target price on CF Industries from $78.00 to $80.00 and gave the company an “underperform” rating in a research note on Thursday, November 3. One equity research analyst has a Sell rating on the stock, six have a Hold rating and nine have a Buy rating on the stock. CF Industries has a consensus rating of “Moderate Buy” and a consensus target price of $105.86, based on data from MarketBeat.com.
Insider Buying and Selling at CF Industries
In other CF Industries news, Director Anne P. Noonan sold 3,000 shares of the stock in one transaction on Friday, Aug 26. The stock was sold at an average price of $118.64 for total transactions of $355,920.00. Following the sale, the director now owns 26,411 shares of the company’s stock, valued at approximately $3,133,401.04. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. Insiders hold 0.42% of the company’s stock.
CF Industries Company Profile
CF Industries Holdings, Inc. engages in the manufacture and distribution of nitrogen fertilizers. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through the following segments: Ammonia, Granular Urea, UAN, AN and Others.
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