VectorGlobal IAG Inc. Takes Position in CF Industries Holdings, Inc. $CF

VectorGlobal IAG Inc. acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,000 shares of the basic materials company’s stock, valued at approximately $779,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Himension Capital Singapore PTE. LTD. bought a new stake in CF Industries in the first quarter valued at approximately $25,000. Altshuler Shaham Ltd raised its holdings in CF Industries by 36.6% during 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 last quarter. MUFG Securities EMEA plc bought a new position in CF Industries during the 2nd quarter worth approximately $44,000. Hantz Financial Services Inc. raised its holdings in CF Industries by 46.3% during the 4th 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 last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in shares of CF Industries in the 4th quarter worth approximately $43,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Down 0.1%

Shares of NYSE:CF opened at $125.06 on Monday. The business’s 50 day simple moving average is $114.27 and its two-hundred day simple moving average is $112.70. The firm has a market cap of $19.21 billion, a P/E ratio of 11.24 and a beta of 0.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.9%. CF Industries’s payout ratio is currently 21.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CF shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Industries in a research note on Monday, June 29th. Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Morgan Stanley dropped their target price on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. JPMorgan Chase & Co. upped their price target on shares of CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Berenberg Bank increased their price target on CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Two 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $116.69.

CF Industries Company 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.