Royal Bank of Canada Has $25.30 Million Holdings in CF Industries Holdings, Inc. $CF

Royal Bank of Canada trimmed its position in CF Industries Holdings, Inc. (NYSE:CF) by 44.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,887 shares of the basic materials company’s stock after selling 154,878 shares during the quarter. Royal Bank of Canada’s holdings in CF Industries were worth $25,304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Himension Capital Singapore PTE. LTD. acquired a new stake in shares of CF Industries during the 1st quarter valued at about $25,000. Hantz Financial Services Inc. raised its position in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 156 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in CF Industries in the fourth quarter worth about $43,000. WPG Advisers LLC lifted its stake in 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 purchasing an additional 227 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in CF Industries during the second quarter worth about $44,000. 93.06% of the stock is owned by institutional investors.

CF Industries Trading Down 0.1%

CF opened at $118.13 on Wednesday. The firm has a 50 day simple moving average of $114.17 and a 200 day simple moving average of $113.19. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The company has a market cap of $18.15 billion, a price-to-earnings ratio of 10.61 and a beta of 0.39. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.60 dividend. This is a boost from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, August 14th. CF Industries’s dividend payout ratio is currently 17.97%.

Wall Street Analysts Forecast Growth

CF has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price target 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. JPMorgan Chase & Co. increased their target price 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. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $129.00 price objective on shares of CF Industries in a report on Friday, July 24th. Barclays raised their price target on CF Industries from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CF Industries in a report on Monday, June 29th. Two research 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 given a Sell rating to the company. According to data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average target price 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.