Hartford Investment Management Co. lessened its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 18.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,239 shares of the basic materials company’s stock after selling 7,481 shares during the period. Hartford Investment Management Co.’s holdings in CF Industries were worth $1,403,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of CF. IndexIQ Advisors LLC raised its position in CF Industries by 10.4% during the fourth quarter. IndexIQ Advisors LLC now owns 15,005 shares of the basic materials company’s stock valued at $653,000 after purchasing an additional 1,413 shares in the last quarter. M&T Bank Corp grew its stake in shares of CF Industries by 4.3% during the fourth quarter. M&T Bank Corp now owns 12,033 shares of the basic materials company’s stock valued at $524,000 after buying an additional 491 shares during the last quarter. Robecosam AG grew its stake in shares of CF Industries by 3.0% during the fourth quarter. Robecosam AG now owns 24,239 shares of the basic materials company’s stock valued at $1,027,000 after buying an additional 700 shares during the last quarter. TD Asset Management Inc. grew its stake in shares of CF Industries by 1.5% during the fourth quarter. TD Asset Management Inc. now owns 110,531 shares of the basic materials company’s stock valued at $4,809,000 after buying an additional 1,621 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of CF Industries by 1.3% during the fourth quarter. Rhumbline Advisers now owns 409,545 shares of the basic materials company’s stock valued at $17,819,000 after buying an additional 5,203 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.
A number of research analysts have recently issued reports on CF shares. ValuEngine raised CF Industries from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Citigroup cut their target price on CF Industries from $60.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, January 7th. Sanford C. Bernstein lowered shares of CF Industries from an “outperform” rating to a “market perform” rating and set a $44.40 price objective for the company. in a report on Monday, January 14th. Zacks Investment Research lowered shares of CF Industries from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Finally, Stephens upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 19th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. CF Industries has a consensus rating of “Buy” and an average target price of $50.57.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Friday, February 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. CF Industries’s payout ratio is currently -480.00%.
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About CF Industries
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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