Douglas Lane & Associates LLC Grows Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Douglas Lane & Associates LLC lifted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 35.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 80,996 shares of the basic materials company’s stock after acquiring an additional 21,412 shares during the period. Douglas Lane & Associates LLC’s holdings in CF Industries were worth $6,003,000 at the end of the most recent quarter.

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

CF Industries Trading Up 0.7 %

Shares of CF stock traded up $0.54 during trading on Tuesday, hitting $73.40. 1,822,971 shares of the stock traded hands, compared to its average volume of 2,271,749. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $87.90. The firm has a market capitalization of $13.42 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95. The firm’s fifty day moving average price is $73.96 and its 200-day moving average price is $77.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a $0.50 dividend. The ex-dividend date 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%.

Analyst Ratings Changes

Several equities research analysts have commented on CF shares. UBS Group cut their price objective on CF Industries from $86.00 to $78.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Barclays reduced their price objective on CF Industries from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 23rd. Bank of America reaffirmed a “neutral” rating and set a $88.00 target price (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Royal Bank of Canada decreased their price target on shares of CF Industries from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Finally, Berenberg Bank upped their price objective on shares of CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, CF Industries has a consensus rating of “Hold” and an average target price 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.