Inceptionr LLC Trims Stake in CF Industries Holdings, Inc. $CF

Inceptionr LLC cut its position in CF Industries Holdings, Inc. (NYSE:CF) by 61.6% in the first quarter, Holdings Channel reports. The firm owned 5,865 shares of the basic materials company’s stock after selling 9,428 shares during the period. Inceptionr LLC’s holdings in CF Industries were worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CF. Himension Capital Singapore PTE. LTD. acquired a new position in CF Industries during the first quarter worth approximately $25,000. MUFG Securities EMEA plc acquired a new stake in shares of CF Industries in the second quarter valued at approximately $44,000. Hantz Financial Services Inc. boosted 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 acquiring an additional 156 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of CF Industries during the fourth quarter worth approximately $43,000. Finally, WPG Advisers LLC grew its position 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 worth $43,000 after acquiring an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

NYSE:CF opened at $125.20 on Friday. The firm’s fifty day moving average price is $114.25 and its 200 day moving average price is $110.94. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year 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. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of 11.25 and a beta of 0.40.

CF Industries Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on CF. Wall Street Zen downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Berenberg Bank lifted their price objective on shares of CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. HSBC reduced their target price on shares of CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Bank of America raised their price target on CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Finally, Morgan Stanley dropped their price target on CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, CF Industries presently has a consensus rating of “Hold” and a consensus price target of $116.69.

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.