Littlejohn Financial Services Inc. purchased a new position in CF Industries Holdings, Inc. (NYSE:CF – Free Report) during the 1st quarter, Holdings Channel.com reports. The firm purchased 18,568 shares of the basic materials company’s stock, valued at approximately $2,411,000. CF Industries makes up about 1.8% of Littlejohn Financial Services Inc.’s holdings, making the stock its 24th biggest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in shares of CF Industries by 10.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock worth $449,742,000 after purchasing an additional 480,126 shares during the last quarter. Dimensional Fund Advisors LP grew its position in 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 valued at $333,501,000 after purchasing an additional 1,178,516 shares during the last quarter. Boston Partners increased its stake in CF Industries by 15.3% during the 3rd 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 in the last quarter. Invesco Ltd. raised its holdings in 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 buying an additional 381,716 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in 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 buying an additional 63,938 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.
CF Industries Stock Performance
Shares of CF opened at $105.73 on Monday. The firm has a market capitalization of $16.24 billion, a P/E ratio of 9.50 and a beta of 0.38. 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 Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The business has a fifty day moving average of $116.39 and a 200 day moving average of $105.65.
CF Industries Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.9%. CF Industries’s dividend payout ratio is presently 17.97%.
Analysts Set New Price Targets
CF has been the topic of several analyst reports. Scotiabank upped their target price on shares of CF Industries from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. BMO Capital Markets raised their price target on shares of CF Industries from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Barclays boosted their price objective on shares of CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Morgan Stanley upped their price objective on CF Industries from $95.00 to $135.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Finally, The Goldman Sachs Group cut their target price on CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, CF Industries currently has an average rating of “Hold” and a consensus target price of $118.50.
Read Our Latest Analysis on CF
About CF Industries
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.
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