Leonteq Securities AG Sells 22,474 Shares of CF Industries Holdings, Inc. $CF

Leonteq Securities AG decreased its stake in CF Industries Holdings, Inc. (NYSE:CF) by 94.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,288 shares of the basic materials company’s stock after selling 22,474 shares during the period. Leonteq Securities AG’s holdings in CF Industries were worth $167,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp increased its stake in shares of CF Industries by 19.8% in the 3rd quarter. Van ECK Associates Corp now owns 369,321 shares of the basic materials company’s stock valued at $33,128,000 after acquiring an additional 61,140 shares in the last quarter. KBC Group NV boosted its stake in CF Industries by 26.9% during the fourth quarter. KBC Group NV now owns 1,170,171 shares of the basic materials company’s stock worth $90,501,000 after acquiring an additional 248,020 shares in the last quarter. AIA Group Ltd acquired a new stake in CF Industries in the third quarter worth $376,000. BDF Gestion bought a new stake in CF Industries in the fourth quarter valued at $1,779,000. Finally, Eminence Capital LP raised its holdings in shares of CF Industries by 13.3% during the third quarter. Eminence Capital LP now owns 1,339,669 shares of the basic materials company’s stock valued at $120,168,000 after purchasing an additional 157,442 shares during the period. 93.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. HSBC reduced their target price on CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. Zacks Research cut CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Royal Bank Of Canada boosted their price objective on CF Industries from $100.00 to $125.00 and gave the company a “sector perform” rating in a report on Tuesday, April 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Industries in a research report on Monday, June 29th. Finally, Bank of America increased their target price on CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Two 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $117.25.

CF Industries Price Performance

Shares of NYSE:CF traded up $2.28 on Tuesday, reaching $115.48. The company’s stock had a trading volume of 367,757 shares, compared to its average volume of 3,657,773. The company has a 50-day simple moving average of $115.07 and a 200 day simple moving average of $106.98. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. The company has a market cap of $17.74 billion, a P/E ratio of 10.40 and a beta of 0.40.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 15th. CF Industries’s payout ratio is presently 17.97%.

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.