CF Industries Holdings, Inc. $CF Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 341,995 shares of the basic materials company’s stock after buying an additional 8,495 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CF Industries were worth $43,769,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. boosted its position in CF Industries by 46.3% during the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 156 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of CF Industries in the fourth quarter valued at $43,000. WPG Advisers LLC increased its stake in CF Industries by 69.8% in the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 227 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in CF Industries in the second quarter valued at $44,000. Finally, MV Capital Management Inc. purchased a new position in CF Industries during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wall Street Zen cut CF Industries from a “buy” rating to a “hold” rating in a report on Saturday. Bank of America increased their price objective on shares of CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Mizuho raised their target price on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 31st. BNP Paribas Exane lowered their target price on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Finally, Morgan Stanley dropped their price target on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Two research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $116.62.

CF Industries Trading Up 2.1%

Shares of CF stock opened at $121.17 on Friday. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The firm’s 50 day moving average price is $114.30 and its two-hundred day moving average price is $109.29. The stock has a market cap of $18.62 billion, a price-to-earnings ratio of 10.89 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. Investors of record on Friday, August 14th will be issued a $0.60 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.40 annualized dividend and a yield of 2.0%. This is an increase from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s payout ratio is currently 21.56%.

CF Industries 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.