AIA Group Ltd Acquires Shares of 26,400 CF Industries Holdings, Inc. $CF

AIA Group Ltd acquired a new position in CF Industries Holdings, Inc. (NYSE:CF) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,400 shares of the basic materials company’s stock, valued at approximately $3,428,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CF. Hantz Financial Services Inc. boosted its stake in shares of CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in CF Industries in the fourth quarter worth about $43,000. WPG Advisers LLC lifted its holdings in CF Industries by 69.8% in the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock worth $43,000 after buying an additional 227 shares during the period. MUFG Securities EMEA plc purchased a new stake in CF Industries in the second quarter worth about $44,000. Finally, MV Capital Management Inc. bought a new stake in CF Industries during the 4th quarter valued at approximately $52,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Stock Performance

Shares of CF opened at $121.17 on Monday. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39. The stock has a market cap of $18.62 billion, a P/E ratio of 10.89 and a beta of 0.40. The business’s 50 day moving average price is $114.30 and its 200-day moving average price is $109.51. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96.

CF Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.0%. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. CF Industries’s dividend payout ratio is presently 17.97%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CF. Weiss Ratings reiterated a “buy (b)” rating on shares of CF Industries in a report on Monday, June 29th. Barclays lifted their price target on CF Industries from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Wall Street Zen cut CF Industries from a “buy” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets decreased their price objective on CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Finally, Morgan Stanley lowered their price objective on 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 investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.62.

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.