Bank of New York Mellon Corp Sells 323,729 Shares of CF Industries Holdings, Inc. $CF

Bank of New York Mellon Corp trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 15.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,731,908 shares of the basic materials company’s stock after selling 323,729 shares during the quarter. Bank of New York Mellon Corp’s holdings in CF Industries were worth $224,871,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in CF Industries during the fourth quarter worth about $193,657,000. Dimensional Fund Advisors LP increased its stake in shares of CF Industries by 37.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock worth $333,501,000 after purchasing an additional 1,178,516 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of CF Industries in the 2nd quarter worth approximately $96,560,000. Caisse de depot et placement du Quebec raised its holdings in shares of CF Industries by 52.4% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,775,106 shares of the basic materials company’s stock worth $159,227,000 after purchasing an additional 610,259 shares during the period. Finally, AustralianSuper Pty Ltd lifted its stake in CF Industries by 115.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,019,926 shares of the basic materials company’s stock valued at $78,881,000 after purchasing an additional 545,668 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CF shares. Wall Street Zen downgraded CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of CF Industries in a research note on Monday, June 29th. Morgan Stanley decreased 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. Bank of America upped their price objective on shares of CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $116.62.

CF Industries Trading Up 2.1%

Shares of CF opened at $121.17 on Friday. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96. The company has a market capitalization of $18.62 billion, a P/E ratio of 10.89 and a beta of 0.40. 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’s 50 day simple moving average is $114.30 and its 200 day simple moving average is $109.29.

CF Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.60 per share. This is an increase from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 14th. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. CF Industries’s dividend payout ratio is 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.