Fifth Third Bancorp Has $8.45 Million Holdings in CF Industries Holdings, Inc. $CF

Fifth Third Bancorp raised its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 173.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 65,066 shares of the basic materials company’s stock after purchasing an additional 41,235 shares during the quarter. Fifth Third Bancorp’s holdings in CF Industries were worth $8,448,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new position in shares of CF Industries in the 3rd quarter worth approximately $42,000. MUFG Securities EMEA plc acquired a new stake in shares of CF Industries during the second quarter worth $44,000. Hantz Financial Services Inc. raised its stake in CF Industries by 46.3% during the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after buying an additional 156 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in CF Industries during the fourth quarter worth $43,000. Finally, WPG Advisers LLC raised its stake in CF Industries by 69.8% during the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock worth $43,000 after buying an additional 227 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Down 1.0%

Shares of NYSE CF opened at $118.04 on Thursday. The firm has a market cap of $18.13 billion, a PE ratio of 10.61 and a beta of 0.40. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The company’s fifty day simple moving average is $114.17 and its 200 day simple moving average is $108.91. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.60 per share. 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 2.0%. The ex-dividend date is Friday, August 14th. CF Industries’s dividend payout ratio (DPR) is currently 21.56%.

Analysts Set New Price Targets

A number of brokerages have commented on CF. Bank of America upped their price target on shares of CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Barclays lifted their price objective on CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. UBS Group dropped their price objective on CF Industries from $140.00 to $130.00 in a research note on Friday, May 8th. Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Berenberg Bank upped their target price on CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $117.25.

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.