DNB Asset Management AS Purchases 4,068 Shares of CF Industries Holdings, Inc. (NYSE:CF)

DNB Asset Management AS grew its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 13.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,279 shares of the basic materials company’s stock after buying an additional 4,068 shares during the period. DNB Asset Management AS’s holdings in CF Industries were worth $2,615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Westside Investment Management Inc. purchased a new position in CF Industries during the first quarter valued at $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of CF Industries during the fourth quarter valued at $29,000. Meeder Asset Management Inc. purchased a new position in shares of CF Industries in the 4th quarter worth about $36,000. ORG Partners LLC boosted its stake in CF Industries by 62.2% in the 4th quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 230 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in CF Industries during the 1st quarter valued at about $55,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Stock Performance

CF stock traded up $0.54 during midday trading on Tuesday, reaching $73.40. 1,822,971 shares of the company’s stock traded hands, compared to its average volume of 2,271,749. The stock’s 50-day moving average is $74.07 and its 200 day moving average is $77.46. The stock has a market cap of $13.42 billion, a P/E ratio of 12.10, a PEG ratio of 2.44 and a beta of 0.95. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $87.90. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.72%. CF Industries’s dividend payout ratio is currently 33.22%.

Wall Street Analyst Weigh In

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. BMO Capital Markets reduced their target price on CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Berenberg Bank upped their price target on CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Piper Sandler reduced their price objective on CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Finally, Barclays lowered their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CF Industries has an average rating of “Hold” and a consensus price target of $83.54.

CF Industries Company 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.