Bank of America Corp DE Boosts Position in CF Industries Holdings, Inc. $CF

Bank of America Corp DE grew its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 8.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,048,671 shares of the basic materials company’s stock after buying an additional 158,119 shares during the period. Bank of America Corp DE’s holdings in CF Industries were worth $265,999,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Himension Capital Singapore PTE. LTD. bought a new stake in CF Industries in the first quarter valued at $25,000. Hantz Financial Services Inc. raised 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 buying an additional 156 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in CF Industries in the fourth quarter worth about $43,000. WPG Advisers LLC boosted its position in CF Industries by 69.8% during the 4th quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 227 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in CF Industries during the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

CF stock opened at $118.16 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. The firm has a 50 day moving average price of $114.20 and a 200-day moving average price of $112.95. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 10.62 and a beta of 0.39.

CF Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a dividend of $0.60 per share. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. CF Industries’s dividend payout ratio is 17.97%.

Analyst Ratings Changes

CF has been the subject of several research reports. BMO Capital Markets decreased their target price on CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Wall Street Zen lowered CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Morgan Stanley reduced their price target on CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. Bank of America increased their price objective on CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Finally, Freedom Capital raised CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $116.69.

CF Industries 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.