Kestra Advisory Services LLC Sells 34,391 Shares of CF Industries Holdings, Inc. $CF

Kestra Advisory Services LLC lessened its position in CF Industries Holdings, Inc. (NYSE:CF) by 86.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,228 shares of the basic materials company’s stock after selling 34,391 shares during the period. Kestra Advisory Services LLC’s holdings in CF Industries were worth $679,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of CF. Dimensional Fund Advisors LP raised its position in shares of CF Industries by 37.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock worth $333,501,000 after purchasing an additional 1,178,516 shares during the period. Boston Partners grew its position in CF Industries by 15.3% in the 3rd quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock valued at $321,852,000 after purchasing an additional 476,769 shares during the period. Invesco Ltd. increased its stake in CF Industries by 12.0% during the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after purchasing an additional 381,716 shares in the last quarter. Ameriprise Financial Inc. increased its stake in CF Industries by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,287,256 shares of the basic materials company’s stock valued at $302,428,000 after purchasing an additional 11,792 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in CF Industries by 5.5% during the fourth quarter. Northern Trust Corp now owns 3,147,611 shares of the basic materials company’s stock worth $243,436,000 after buying an additional 163,320 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of NYSE:CF opened at $125.20 on Friday. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39. The stock’s fifty day simple moving average is $114.25 and its two-hundred day simple moving average is $110.94. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96. The stock has a market cap of $19.23 billion, a PE ratio of 11.25 and a beta of 0.40.

CF Industries Increases Dividend

The company also recently announced 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 an increase from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 14th. CF Industries’s dividend payout ratio is currently 17.97%.

Wall Street Analysts Forecast Growth

CF has been the topic of a number of recent research reports. Wall Street Zen lowered shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. UBS Group decreased their target price on shares of CF Industries from $140.00 to $130.00 in a research report on Friday, May 8th. Morgan Stanley lowered their target price on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Berenberg Bank raised their price target on shares of CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CF Industries in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $116.69.

CF Industries Company 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.