Vestmark Advisory Solutions Inc. acquired a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) during the second quarter, Holdings Channel.com reports. The fund acquired 2,213 shares of the basic materials company’s stock, valued at approximately $204,000.
A number of other institutional investors also recently modified their holdings of the stock. Trust Co. of Toledo NA OH bought a new position in CF Industries during the 2nd quarter valued at about $26,000. Zions Bancorporation National Association UT acquired a new stake in shares of CF Industries during the first quarter worth approximately $27,000. TCTC Holdings LLC increased its holdings in shares of CF Industries by 114.1% during the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock worth $30,000 after buying an additional 202 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of CF Industries during the first quarter worth approximately $50,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of CF Industries by 141.6% in the first quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 463 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.
CF Industries Stock Up 0.6%
CF Industries stock opened at $85.25 on Thursday. The company has a 50 day moving average of $86.17 and a 200-day moving average of $88.64. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The stock has a market capitalization of $13.30 billion, a PE ratio of 11.13 and a beta of 0.89.
CF Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is currently 24.10%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on CF. Wells Fargo & Company began coverage on CF Industries in a research note on Tuesday. They issued an “overweight” rating and a $100.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of CF Industries in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. The Goldman Sachs Group reduced their target price on shares of CF Industries from $96.00 to $94.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. Finally, Wolfe Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $96.38.
CF Industries Company Profile
CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.
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