Alps Advisors Inc. Sells 3,332 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Alps Advisors Inc. trimmed its position in CF Industries Holdings, Inc. (NYSE:CFGet Rating) by 47.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,667 shares of the basic materials company’s stock after selling 3,332 shares during the period. Alps Advisors Inc.’s holdings in CF Industries were worth $314,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Forsta AP Fonden bought a new stake in CF Industries in the 2nd quarter valued at about $2,992,000. Clarius Group LLC bought a new stake in CF Industries in the 2nd quarter valued at about $201,000. Cibc World Market Inc. increased its position in CF Industries by 29.8% in the 2nd quarter. Cibc World Market Inc. now owns 163,305 shares of the basic materials company’s stock valued at $14,000,000 after buying an additional 37,479 shares in the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in CF Industries in the 2nd quarter valued at about $239,000. Finally, Corbett Road Capital Management LLC acquired a new position in CF Industries during the 2nd quarter valued at about $633,000. 94.43% of the stock is owned by institutional investors.

CF Industries Trading Up 6.7 %

NYSE:CF opened at $109.68 on Wednesday. The company has a current ratio of 2.66, a quick ratio of 2.30 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $21.52 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The firm’s 50 day moving average is $103.08 and its 200 day moving average is $98.29. CF Industries Holdings, Inc. has a 12 month low of $57.25 and a 12 month high of $119.60.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be issued a $0.40 dividend. The ex-dividend date is Monday, November 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.46%. CF Industries’s dividend payout ratio (DPR) is presently 10.50%.

Insider Buying and Selling

In related news, Director Anne P. Noonan sold 3,000 shares of CF Industries stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $118.64, for a total value of $355,920.00. Following the sale, the director now owns 26,411 shares of the company’s stock, valued at approximately $3,133,401.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on CF shares. UBS Group lifted their price target on CF Industries from $108.00 to $128.00 in a research note on Thursday, August 25th. StockNews.com started coverage on CF Industries in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Scotiabank upgraded CF Industries from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, August 3rd. Royal Bank of Canada upgraded CF Industries from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $110.00 to $135.00 in a research note on Monday, October 3rd. Finally, Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $103.00 to $120.00 in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.86.

About CF Industries

(Get Rating)

CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.

Further Reading

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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