iA Global Asset Management Inc. Sells 6,785 Shares of CF Industries Holdings, Inc. $CF

iA Global Asset Management Inc. decreased its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 21.2% during the first quarter, Holdings Channel reports. The fund owned 25,183 shares of the basic materials company’s stock after selling 6,785 shares during the period. iA Global Asset Management Inc.’s holdings in CF Industries were worth $3,270,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Stance Capital LLC purchased a new position in shares of CF Industries in the 3rd quarter valued at approximately $42,000. MUFG Securities EMEA plc bought a new stake in shares of CF Industries during the second quarter valued at approximately $44,000. Hantz Financial Services Inc. grew its stake in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 156 shares during the period. Eagle Bay Advisors LLC purchased a new stake in CF Industries in the fourth quarter worth $43,000. Finally, WPG Advisers LLC raised its holdings in CF Industries by 69.8% in the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 227 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

CF has been the subject of several recent research reports. Freedom Capital raised CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. BMO Capital Markets reduced their target price on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday. Mizuho increased their price target on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a research note on Tuesday, March 31st. Bank of America lifted their price target on shares of CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned 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 target price of $118.50.

CF Industries Stock Up 2.3%

Shares of NYSE:CF opened at $110.61 on Friday. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $115.55 and a two-hundred day simple moving average of $106.50. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 9.94 and a beta of 0.40.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, May 15th. 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.