Victory Capital Management Inc. Grows Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Victory Capital Management Inc. lifted its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 401.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,639,079 shares of the basic materials company’s stock after acquiring an additional 2,912,942 shares during the period. Victory Capital Management Inc. owned approximately 1.99% of CF Industries worth $269,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CF. Boston Partners grew its position in shares of CF Industries by 37.5% during the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock valued at $254,920,000 after acquiring an additional 835,557 shares during the period. First Trust Advisors LP raised its position in shares of CF Industries by 16.5% during the 4th quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after buying an additional 414,785 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of CF Industries by 7.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,862,532 shares of the basic materials company’s stock valued at $227,576,000 after buying an additional 203,885 shares in the last quarter. Norges Bank purchased a new stake in shares of CF Industries during the 4th quarter valued at about $193,145,000. Finally, Earnest Partners LLC raised its position in shares of CF Industries by 6.3% during the 1st quarter. Earnest Partners LLC now owns 2,133,854 shares of the basic materials company’s stock valued at $177,558,000 after buying an additional 125,616 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Down 1.9 %

Shares of NYSE CF opened at $78.59 on Friday. The company’s 50-day simple moving average is $75.85 and its 200-day simple moving average is $77.98. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $87.90. The firm has a market cap of $14.36 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 2.38 and a beta of 0.95. 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 (NYSE:CF) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the business earned $2.70 earnings per share. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. Equities analysts predict 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. Stockholders of record on Thursday, August 15th were given a $0.50 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.54%. CF Industries’s dividend payout ratio (DPR) is 33.22%.

Analysts Set New Price Targets

CF has been the topic of several analyst reports. Wells Fargo & Company cut their price target on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Royal Bank of Canada upped their price target on shares of CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $90.00 in a report on Friday, August 16th. Scotiabank upped their price target on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, BMO Capital Markets upped their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.