NewEdge Wealth LLC Has $27.55 Million Stock Position in CF Industries Holdings, Inc. $CF

NewEdge Wealth LLC lowered its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 43.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,211 shares of the basic materials company’s stock after selling 165,494 shares during the quarter. NewEdge Wealth LLC’s holdings in CF Industries were worth $27,553,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Himension Capital Singapore PTE. LTD. acquired a new position in CF Industries in the 1st quarter worth approximately $25,000. MUFG Securities EMEA plc purchased a new stake in shares of CF Industries in the second quarter valued at $44,000. Hantz Financial Services Inc. lifted its holdings in shares of CF Industries by 46.3% in the fourth 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 purchased a new stake in shares of CF Industries in the fourth quarter valued at $43,000. Finally, WPG Advisers LLC boosted its position in shares of 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. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 3.7%

Shares of CF Industries stock opened at $127.45 on Thursday. The firm has a market cap of $19.58 billion, a price-to-earnings ratio of 11.45 and a beta of 0.40. The stock has a 50-day simple moving average of $114.17 and a 200-day simple moving average of $110.51. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15.

CF Industries Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CF shares. The Goldman Sachs Group lowered their price target on CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. Morgan Stanley reduced their price objective on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Bank of America lifted their target price on CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Scotiabank upgraded CF Industries from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $120.00 to $125.00 in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, CF Industries presently has an average 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.