DNB Asset Management AS Raises Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

DNB Asset Management AS raised its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 13.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,279 shares of the basic materials company’s stock after purchasing an additional 4,068 shares during the period. DNB Asset Management AS’s holdings in CF Industries were worth $2,615,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CF. Concurrent Investment Advisors LLC lifted its stake in shares of CF Industries by 4.5% in the first quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock worth $269,000 after buying an additional 140 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of CF Industries by 4.8% during the 1st quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 141 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its holdings in shares of CF Industries by 24.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 153 shares during the last quarter. Czech National Bank increased its holdings in shares of CF Industries by 0.5% in the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock valued at $2,797,000 after purchasing an additional 153 shares during the last quarter. Finally, Wahed Invest LLC increased its holdings in shares of CF Industries by 4.9% in the fourth quarter. Wahed Invest LLC now owns 3,281 shares of the basic materials company’s stock valued at $261,000 after purchasing an additional 154 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CF. Royal Bank of Canada dropped their target price on CF Industries from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Scotiabank cut their price target on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. Piper Sandler decreased their price objective on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a report on Tuesday, May 7th. Bank of America reissued a “neutral” rating and set a $88.00 target price (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company decreased their price target on CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus price target of $83.54.

CF Industries Trading Up 0.7 %

CF traded up $0.54 during mid-day trading on Tuesday, hitting $73.40. 1,822,971 shares of the stock were exchanged, compared to its average volume of 2,271,749. The company has a market cap of $13.42 billion, a PE ratio of 12.10, a PEG ratio of 2.44 and a beta of 0.95. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average is $74.07 and its two-hundred day moving average is $77.46. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $87.90.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, August 15th. CF Industries’s payout ratio is 33.22%.

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.