VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 412,102 CF Industries Holdings, Inc. $CF

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 412,102 shares of the basic materials company’s stock, valued at approximately $44,614,000.

Several other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CF Industries by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock valued at $1,368,000 after buying an additional 518 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in CF Industries by 161.1% in the first quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock worth $928,000 after buying an additional 7,324 shares during the last quarter. Woodline Partners LP lifted its stake in shares of CF Industries by 40.7% in the first quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock worth $1,149,000 after buying an additional 4,252 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of CF Industries by 21.8% during the first quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock valued at $278,000 after buying an additional 638 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of CF Industries by 141.6% during the first quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock valued at $62,000 after buying an additional 463 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

NYSE CF opened at $133.79 on Monday. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The firm has a market capitalization of $20.25 billion, a P/E ratio of 9.92, a PEG ratio of 0.26 and a beta of 0.40. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $121.31 and a 200-day moving average price of $118.44.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.37 EPS. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current year.

CF Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were given a $0.60 dividend. The ex-dividend date was Friday, August 14th. This is a boost from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 1.8%. CF Industries’s payout ratio is 17.79%.

Wall Street Analysts Forecast Growth

CF has been the subject of several analyst reports. HSBC reduced their price target on shares of CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. Wall Street Zen downgraded CF Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Scotiabank lifted their target price on CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. BNP Paribas Exane decreased their price target on CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $129.00 price target on shares of CF Industries in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $116.56.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.