Family Manage LLC Reduces Position in CF Industries Holdings, Inc. $CF

Family Manage LLC decreased its position in CF Industries Holdings, Inc. (NYSE:CF) by 84.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,172 shares of the basic materials company’s stock after selling 60,921 shares during the period. Family Manage LLC’s holdings in CF Industries were worth $1,451,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CF. KBC Group NV boosted its holdings in shares of CF Industries by 26.9% during the fourth quarter. KBC Group NV now owns 1,170,171 shares of the basic materials company’s stock worth $90,501,000 after purchasing an additional 248,020 shares during the period. Cambiar Investors LLC purchased a new position in CF Industries during the 4th quarter valued at about $4,166,000. Polianta Ltd purchased a new position in CF Industries during the 4th quarter valued at about $1,484,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in CF Industries during the 4th quarter valued at approximately $11,556,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in CF Industries during the 4th quarter valued at approximately $300,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Trading Up 0.1%

Shares of NYSE CF opened at $125.20 on Monday. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The firm has a 50-day moving average of $114.25 and a 200 day moving average of $111.16. The stock has a market cap of $19.23 billion, a P/E ratio of 11.25 and a beta of 0.40.

CF Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given 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 dividend yield of 1.9%. This is an increase from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s payout ratio is presently 17.97%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CF. Morgan Stanley dropped their price objective on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a report on Tuesday, July 7th. Berenberg Bank upped their target price on CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $129.00 price target on shares of CF Industries in a research note on Friday. JPMorgan Chase & Co. raised their price target on CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Bank of America lifted their price target on shares of CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $116.69.

CF Industries Company 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.