Groupama Asset Managment Sells 6,161 Shares of CF Industries Holdings, Inc. $CF

Groupama Asset Managment lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 63.2% in the 1st quarter, HoldingsChannel reports. The firm owned 3,588 shares of the basic materials company’s stock after selling 6,161 shares during the quarter. Groupama Asset Managment’s holdings in CF Industries were worth $466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of CF. Dimensional Fund Advisors LP lifted its stake in CF Industries by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after purchasing an additional 146,682 shares during the last quarter. Boston Partners raised its stake in shares of CF Industries by 15.3% in the third quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock valued at $321,852,000 after buying an additional 476,769 shares during the period. Invesco Ltd. raised its stake in shares of CF Industries by 12.0% in the fourth quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after buying an additional 381,716 shares during the period. Ameriprise Financial Inc. lifted its position in shares of CF Industries by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,287,256 shares of the basic materials company’s stock valued at $302,428,000 after buying an additional 11,792 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of CF Industries by 5.5% during the 4th quarter. Northern Trust Corp now owns 3,147,611 shares of the basic materials company’s stock valued at $243,436,000 after buying an additional 163,320 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CF. Freedom Capital raised CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Barclays increased their target price on shares of CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. BMO Capital Markets reduced their target price on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Morgan Stanley lowered their price target 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, JPMorgan Chase & Co. upped their price target on shares of CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $116.69.

CF Industries Trading Down 0.1%

Shares of CF Industries stock opened at $125.06 on Monday. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The company has a market cap of $19.21 billion, a price-to-earnings ratio of 11.24 and a beta of 0.39. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $114.27 and its 200-day moving average price is $112.70.

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 paid a $0.60 dividend. The ex-dividend date is Friday, August 14th. 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. CF Industries’s dividend payout ratio is currently 17.97%.

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.