Mediolanum International Funds Ltd Sells 30,106 Shares of CF Industries Holdings, Inc. $CF

Mediolanum International Funds Ltd reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 18.4% in the first quarter, Holdings Channel reports. The institutional investor owned 133,529 shares of the basic materials company’s stock after selling 30,106 shares during the period. Mediolanum International Funds Ltd’s holdings in CF Industries were worth $18,374,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new position in shares of CF Industries during the 2nd quarter worth $44,000. Hantz Financial Services Inc. grew its position in shares of CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 156 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of CF Industries in the 4th quarter worth $43,000. WPG Advisers LLC increased its stake in shares of CF Industries by 69.8% in the 4th quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 227 shares in the last quarter. Finally, Summit Securities Group LLC increased its stake in shares of CF Industries by 149.1% in the 1st quarter. Summit Securities Group LLC now owns 578 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 346 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

NYSE CF opened at $121.17 on Monday. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of 10.89 and a beta of 0.40. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $114.30 and a 200-day moving average price of $109.51. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96.

CF Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.60 dividend. 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%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s payout ratio is presently 17.97%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group reduced their price target on CF Industries from $140.00 to $130.00 in a research report on Friday, May 8th. Barclays raised their price objective on CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Berenberg Bank lifted their price objective on CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Finally, BNP Paribas Exane cut their price objective on CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, CF Industries currently has a consensus rating of “Hold” and a consensus target price of $116.62.

About CF Industries

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.