iA Global Asset Management Inc. Sells 6,785 Shares of CF Industries Holdings, Inc. $CF

iA Global Asset Management Inc. cut its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 21.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,183 shares of the basic materials company’s stock after selling 6,785 shares during the quarter. iA Global Asset Management Inc.’s holdings in CF Industries were worth $3,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in CF Industries by 37.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock valued at $333,501,000 after purchasing an additional 1,178,516 shares during the last quarter. Boston Partners boosted its stake in shares of CF Industries by 15.3% during the third quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock valued at $321,852,000 after purchasing an additional 476,769 shares during the period. Invesco Ltd. grew its holdings 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 worth $276,123,000 after purchasing an additional 381,716 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of CF Industries by 1.9% in the third quarter. Ameriprise Financial Inc. now owns 3,351,194 shares of the basic materials company’s stock worth $300,602,000 after purchasing an additional 63,938 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of CF Industries by 5.5% in the fourth quarter. Northern Trust Corp now owns 3,147,611 shares of the basic materials company’s stock worth $243,436,000 after buying an additional 163,320 shares during the period. 93.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CF shares. Bank of America upped their price target on shares of CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Mizuho raised their price target on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a report on Tuesday, March 31st. Royal Bank Of Canada boosted their price objective on shares of CF Industries from $100.00 to $125.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 7th. BNP Paribas Exane lowered their price objective on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Finally, UBS Group lowered their price objective on shares of CF Industries from $140.00 to $130.00 in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $118.50.

CF Industries Price Performance

CF opened at $110.61 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. The stock has a market capitalization of $16.99 billion, a PE ratio of 9.94 and a beta of 0.40. The stock’s 50 day moving average price is $115.55 and its 200-day moving average price is $106.50. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.50 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.00 annualized dividend and a yield of 1.8%. CF Industries’s dividend payout ratio is 17.97%.

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.