Guyasuta Investment Advisors Inc. increased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,022 shares of the basic materials company’s stock after acquiring an additional 1,320 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in CF Industries were worth $7,770,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. grew its holdings in CF Industries by 9.3% in the 1st quarter. Alliancebernstein L.P. now owns 501,333 shares of the basic materials company’s stock valued at $22,750,000 after buying an additional 42,476 shares in the last quarter. Sigma Planning Corp bought a new stake in shares of CF Industries during the 1st quarter valued at $233,000. Fifth Third Bancorp lifted its position in shares of CF Industries by 8.7% during the 1st quarter. Fifth Third Bancorp now owns 7,237 shares of the basic materials company’s stock valued at $328,000 after acquiring an additional 578 shares during the period. Keybank National Association OH lifted its position in shares of CF Industries by 7.1% during the 1st quarter. Keybank National Association OH now owns 11,653 shares of the basic materials company’s stock valued at $529,000 after acquiring an additional 775 shares during the period. Finally, Swiss National Bank lifted its position in shares of CF Industries by 1.7% during the 1st quarter. Swiss National Bank now owns 822,066 shares of the basic materials company’s stock valued at $37,305,000 after acquiring an additional 13,500 shares during the period. 91.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE CF traded up $1.41 during mid-day trading on Monday, hitting $56.25. The company had a trading volume of 120,405 shares, compared to its average volume of 2,201,896. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.66 and a beta of 1.27. CF Industries Holdings, Inc. has a 1 year low of $25.30 and a 1 year high of $57.19. The company has a current ratio of 2.44, a quick ratio of 1.99 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average price is $46.84 and its 200-day moving average price is $48.97.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Monday, August 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Friday, August 13th. CF Industries’s dividend payout ratio (DPR) is currently 81.63%.
Several analysts recently weighed in on the company. Berenberg Bank upgraded CF Industries from a “hold” rating to a “buy” rating and upped their price objective for the stock from $54.00 to $60.00 in a research report on Tuesday, August 17th. Zacks Investment Research cut CF Industries from a “strong-buy” rating to a “hold” rating and set a $53.00 price target for the company. in a research note on Monday, July 12th. HSBC raised CF Industries from a “hold” rating to a “buy” rating and increased their price target for the company from $57.00 to $59.50 in a research note on Friday, August 20th. Bank of America raised their target price on CF Industries from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Tuesday, September 14th. Finally, Royal Bank of Canada raised their target price on CF Industries from $52.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 8th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $53.50.
About CF Industries
CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.
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