CI Investments Inc. Boosts Holdings in CF Industries Holdings, Inc. $CF

CI Investments Inc. grew its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2,924.4% in the first quarter, HoldingsChannel reports. The fund owned 247,788 shares of the basic materials company’s stock after buying an additional 239,595 shares during the quarter. CI Investments Inc.’s holdings in CF Industries were worth $32,173,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of CF Industries by 3.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 84 shares in the last quarter. Personal CFO Solutions LLC boosted its position in shares of CF Industries by 1.1% in the first quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company’s stock worth $1,062,000 after buying an additional 89 shares during the period. Lakewood Asset Management LLC grew its stake in shares of CF Industries by 0.9% in the fourth quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company’s stock valued at $957,000 after buying an additional 111 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of CF Industries by 5.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,365 shares of the basic materials company’s stock valued at $183,000 after buying an additional 116 shares in the last quarter. Finally, Root Financial Partners LLC raised its holdings in shares of CF Industries by 23.3% during the 1st quarter. Root Financial Partners LLC now owns 614 shares of the basic materials company’s stock valued at $80,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 3.7%

CF stock opened at $127.45 on Thursday. 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 firm has a 50 day simple moving average of $114.17 and a 200-day simple moving average of $110.51. The company has a market capitalization of $19.58 billion, a P/E ratio of 11.45 and a beta of 0.40. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96.

CF Industries Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. CF Industries’s dividend payout ratio is 17.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CF shares. Freedom Capital upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Wall Street Zen lowered shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Mizuho boosted their target price on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 31st. The Goldman Sachs Group decreased their target price on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of CF Industries from $118.00 to $128.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average target price of $116.62.

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.