The Manufacturers Life Insurance Company Has $39.67 Million Holdings in CF Industries Holdings, Inc. $CF

The Manufacturers Life Insurance Company grew its stake in CF Industries Holdings, Inc. (NYSE:CF) by 13.0% in the first quarter, HoldingsChannel reports. The fund owned 305,557 shares of the basic materials company’s stock after acquiring an additional 35,192 shares during the period. The Manufacturers Life Insurance Company’s holdings in CF Industries were worth $39,674,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CF. Himension Capital Singapore PTE. LTD. acquired a new stake in shares of CF Industries in the first quarter valued at approximately $25,000. MUFG Securities EMEA plc acquired a new position in CF Industries during the 2nd quarter worth $44,000. Hantz Financial Services Inc. lifted 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 buying an additional 156 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in CF Industries in the 4th quarter valued at $43,000. Finally, WPG Advisers LLC boosted its position in CF Industries by 69.8% in the 4th quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock valued at $43,000 after buying an additional 227 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CF shares. JPMorgan Chase & Co. boosted their target price on CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $129.00 price objective on shares of CF Industries in a research report on Friday, July 24th. BMO Capital Markets dropped their price objective on CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Morgan Stanley cut 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 research report on Tuesday, July 7th. Finally, Royal Bank Of Canada reduced their target price on shares of CF Industries from $125.00 to $115.00 and set a “sector perform” rating on the stock in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average price target of $116.69.

CF Industries Stock Performance

Shares of NYSE:CF opened at $125.53 on Friday. The firm’s 50 day simple moving average is $114.21 and its 200 day simple moving average is $112.39. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The company has a market capitalization of $19.29 billion, a price-to-earnings ratio of 11.28 and a beta of 0.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.9%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 14th. CF Industries’s dividend payout ratio (DPR) is 17.97%.

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.