D.A. Davidson & CO. Sells 6,392 Shares of CF Industries Holdings, Inc. $CF

D.A. Davidson & CO. reduced its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 45.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,609 shares of the basic materials company’s stock after selling 6,392 shares during the period. D.A. Davidson & CO.’s holdings in CF Industries were worth $988,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MUFG Securities EMEA plc bought a new position in CF Industries during the 2nd quarter valued at approximately $44,000. Hantz Financial Services Inc. grew its position in shares of CF Industries by 46.3% in the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after buying an additional 156 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of CF Industries during the fourth quarter valued at approximately $43,000. WPG Advisers LLC increased its stake in shares of CF Industries by 69.8% during the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock valued at $43,000 after buying an additional 227 shares during the period. Finally, Summit Securities Group LLC raised its holdings in shares of CF Industries by 149.1% during the first quarter. Summit Securities Group LLC now owns 578 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 346 shares in the last quarter. 93.06% of the stock is owned by institutional investors.

CF Industries Price Performance

CF opened at $127.45 on Thursday. The stock has a fifty day simple moving average of $114.17 and a two-hundred day simple moving average of $110.51. 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 has a market cap of $19.58 billion, a price-to-earnings ratio of 11.45 and a beta of 0.40. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96.

CF Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s dividend payout ratio (DPR) is 17.97%.

Wall Street Analyst Weigh In

CF has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price target on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. BMO Capital Markets dropped 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 report on Tuesday, June 30th. Bank of America lifted their target price on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. BNP Paribas Exane decreased their price target 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, Scotiabank upgraded shares of CF Industries from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $120.00 to $125.00 in a report on Tuesday, June 30th. Two 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 issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.