CF Industries Holdings, Inc. $CF Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in CF Industries Holdings, Inc. (NYSE:CF) by 64.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 247,589 shares of the basic materials company’s stock after buying an additional 96,700 shares during the period. Renaissance Technologies LLC’s holdings in CF Industries were worth $32,147,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CF. Himension Capital Singapore PTE. LTD. purchased a new stake in shares of CF Industries during the first quarter worth about $25,000. Hantz Financial Services Inc. boosted its holdings in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in CF Industries in the fourth quarter valued at about $43,000. WPG Advisers LLC boosted its holdings in CF Industries by 69.8% in the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 227 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in CF Industries during the 2nd quarter valued at approximately $44,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CF shares. Berenberg Bank lifted their price objective on CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of CF Industries in a research note on Monday, June 29th. Barclays raised their price target on shares of CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. HSBC dropped their price target on shares of CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. Finally, The Goldman Sachs Group reduced their price objective on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $116.69.

CF Industries Stock Up 2.8%

Shares of CF Industries stock opened at $123.09 on Wednesday. The business has a 50-day moving average price of $114.05 and a 200 day moving average price of $111.77. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The firm has a market cap of $18.91 billion, a P/E ratio of 11.06 and a beta of 0.40. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39.

CF Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a $0.60 dividend. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. CF Industries’s dividend payout ratio (DPR) is presently 17.97%.

About CF Industries

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.