QRG Capital Management Inc. Boosts Stock Holdings in CF Industries Holdings, Inc. $CF

QRG Capital Management Inc. lifted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 199.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 42,957 shares of the basic materials company’s stock after purchasing an additional 28,601 shares during the period. QRG Capital Management Inc.’s holdings in CF Industries were worth $3,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CF. Vanguard Group Inc. increased its holdings in CF Industries by 1.5% during the first quarter. Vanguard Group Inc. now owns 21,040,601 shares of the basic materials company’s stock valued at $1,644,323,000 after buying an additional 319,343 shares during the period. Charles Schwab Investment Management Inc. boosted its position in CF Industries by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock valued at $473,220,000 after acquiring an additional 262,944 shares in the last quarter. Invesco Ltd. increased its holdings in shares of CF Industries by 4.4% in the 1st quarter. Invesco Ltd. now owns 5,708,643 shares of the basic materials company’s stock valued at $446,130,000 after acquiring an additional 240,756 shares during the period. Boston Partners increased its holdings in shares of CF Industries by 9.3% in the 1st quarter. Boston Partners now owns 3,623,708 shares of the basic materials company’s stock valued at $283,169,000 after acquiring an additional 307,092 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of CF Industries by 16.8% in the 1st quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company’s stock worth $255,977,000 after acquiring an additional 470,746 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

Shares of CF Industries stock opened at $92.12 on Tuesday. The company has a 50 day moving average price of $87.18 and a 200 day moving average price of $86.64. The firm has a market capitalization of $14.92 billion, a P/E ratio of 12.03 and a beta of 0.93. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.02. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. CF Industries’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.30 EPS. Sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries’s dividend payout ratio is presently 26.11%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CF shares. Bank of America reaffirmed an “underperform” rating and set a $82.00 price objective (down previously from $93.00) on shares of CF Industries in a research report on Thursday, August 14th. Wall Street Zen upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Scotiabank reaffirmed a “sector perform” rating and issued a $82.00 price objective (up previously from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Royal Bank Of Canada set a $100.00 target price on shares of CF Industries and gave the company a “sector perform” rating in a research report on Monday, July 14th. Finally, BNP Paribas lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus target price of $94.64.

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.