J. Safra Sarasin Holding AG Buys 7,017 Shares of CF Industries Holdings, Inc. $CF

by · The Markets Daily

J. Safra Sarasin Holding AG raised its stake in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 65.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,770 shares of the basic materials company’s stock after buying an additional 7,017 shares during the period. J. Safra Sarasin Holding AG’s holdings in CF Industries were worth $2,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CF Industries by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock valued at $1,368,000 after acquiring an additional 518 shares during the last quarter. Jones Financial Companies Lllp grew its position in CF Industries by 161.1% during the 1st quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock worth $928,000 after acquiring an additional 7,324 shares during the last quarter. Woodline Partners LP grew its position in CF Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock worth $1,149,000 after acquiring an additional 4,252 shares during the last quarter. Focus Partners Wealth increased its holdings in CF Industries by 21.8% in the 1st quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock worth $278,000 after purchasing an additional 638 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in CF Industries by 141.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 463 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of CF Industries in a research note on Monday, June 29th. BMO Capital Markets lowered their price objective on CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Scotiabank upgraded shares of CF Industries from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $120.00 to $125.00 in a report on Tuesday, June 30th. Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Wall Street Zen raised shares of CF Industries from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.25.

View Our Latest Stock Report on CF

CF Industries Trading Up 3.5%

NYSE CF opened at $121.07 on Tuesday. The business’s 50-day moving average price is $114.39 and its two-hundred day moving average price is $108.34. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The firm has a market capitalization of $18.60 billion, a PE ratio of 10.88 and a beta of 0.40. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39.

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 paid a $0.60 dividend. This is an increase from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 14th. CF Industries’s payout ratio is presently 17.97%.

CF Industries Profile

(Free Report)

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.

Further Reading

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