Massmutual Trust Co. FSB ADV Increases Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Massmutual Trust Co. FSB ADV lifted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 28.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 761 shares of the basic materials company’s stock after buying an additional 167 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in CF Industries were worth $56,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in CF Industries in the fourth quarter worth $193,145,000. Boston Partners raised its position in shares of CF Industries by 37.5% in the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after purchasing an additional 835,557 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in CF Industries by 68.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after purchasing an additional 630,264 shares in the last quarter. First Trust Advisors LP grew its position in CF Industries by 16.5% during the 4th quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after purchasing an additional 414,785 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in CF Industries by 137.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock valued at $48,305,000 after purchasing an additional 335,624 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

Shares of NYSE CF opened at $73.40 on Wednesday. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $87.90. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95. The firm has a 50 day moving average of $73.96 and a 200 day moving average of $77.45.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.72%. CF Industries’s dividend payout ratio (DPR) is 33.22%.

Analyst Upgrades and Downgrades

CF has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Barclays cut their target price on CF Industries from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 23rd. Royal Bank of Canada decreased their price target on CF Industries from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. Piper Sandler dropped their price objective on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 7th. Finally, Bank of America reissued a “neutral” rating and issued a $88.00 target price (down previously from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $83.54.

CF Industries Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.