Victory Capital Management Inc. Boosts Stake in CF Industries Holdings, Inc. (NYSE:CF)

Victory Capital Management Inc. lifted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 401.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,639,079 shares of the basic materials company’s stock after buying an additional 2,912,942 shares during the period. Victory Capital Management Inc.’s holdings in CF Industries were worth $269,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Boston Partners lifted its stake in shares of CF Industries by 37.5% in the first quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after buying an additional 835,557 shares in the last quarter. First Trust Advisors LP raised its stake in CF Industries by 16.5% during the fourth quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock worth $232,779,000 after purchasing an additional 414,785 shares during the period. Dimensional Fund Advisors LP raised its stake in CF Industries by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,862,532 shares of the basic materials company’s stock worth $227,576,000 after purchasing an additional 203,885 shares during the period. Norges Bank purchased a new position in CF Industries during the fourth quarter worth about $193,145,000. Finally, Earnest Partners LLC raised its stake in CF Industries by 6.3% during the first quarter. Earnest Partners LLC now owns 2,133,854 shares of the basic materials company’s stock worth $177,558,000 after purchasing an additional 125,616 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Trading Down 1.9 %

NYSE CF opened at $78.59 on Friday. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.90. The stock has a market capitalization of $14.36 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.38 and a beta of 0.95. The firm has a 50 day moving average of $75.85 and a two-hundred day moving average of $77.98.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, topping the consensus estimate of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business posted $2.70 EPS. The firm’s revenue was down 11.4% on a year-over-year basis. As a group, research analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is 33.22%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CF. Royal Bank of Canada lifted their target price on shares of CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. BMO Capital Markets lifted their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Bank of America lifted their target price on shares of CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $90.00 in a research note on Friday, August 16th. Finally, Wells Fargo & Company reduced their price target on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.91.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.