Victory Capital Management Inc. Raises Position in CF Industries Holdings, Inc. (NYSE:CF)

Victory Capital Management Inc. raised its position in CF Industries Holdings, Inc. (NYSE:CF) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,188,648 shares of the basic materials company’s stock after purchasing an additional 549,569 shares during the quarter. Victory Capital Management Inc.’s holdings in CF Industries were worth $359,386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CF. Boston Partners raised its stake in shares of CF Industries by 37.5% in the 1st 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. Dimensional Fund Advisors LP raised its position in CF Industries by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock valued at $212,823,000 after acquiring an additional 198,246 shares in the last quarter. Earnest Partners LLC boosted its holdings in CF Industries by 2.8% in the second quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock worth $162,584,000 after purchasing an additional 59,674 shares in the last quarter. Sei Investments Co. increased its holdings in shares of CF Industries by 5.1% during the 2nd quarter. Sei Investments Co. now owns 1,422,493 shares of the basic materials company’s stock valued at $105,435,000 after acquiring an additional 68,834 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its holdings in CF Industries by 2.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,093,885 shares of the basic materials company’s stock worth $93,855,000 after purchasing an additional 25,701 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Down 1.1 %

Shares of CF traded down $0.97 during mid-day trading on Tuesday, hitting $84.11. 351,086 shares of the company’s stock were exchanged, compared to its average volume of 2,070,833. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 2.28 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $90.86. The stock’s 50-day moving average is $83.62 and its 200-day moving average is $78.68.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $0.85 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 6.19 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio (DPR) is presently 31.65%.

Insiders Place Their Bets

In other news, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at $5,964,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the transaction, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the transaction, the vice president now owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CF shares. Barclays boosted their price objective on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Royal Bank of Canada boosted their price objective on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Mizuho increased their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Piper Sandler increased their price objective on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, Redburn Atlantic initiated coverage on CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.42.

About CF Industries

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.