QRG Capital Management Inc. Acquires 28,601 Shares of CF Industries Holdings, Inc. $CF

Key Points

• QRG Capital Management Inc. increased its stake in CF Industries Holdings, Inc. by 199.2% by acquiring an additional 28,601 shares, bringing its total holdings to 42,957 shares valued at approximately $3.95 million.
• Multiple institutional investors, including Wealth Enhancement Advisory Services and Wedge Capital Management, have recently adjusted their holdings in CF Industries, contributing to institutional investors owning 93.06% of the company's stock.
• CF Industries recently announced a quarterly dividend of $0.50 per share, scheduled for payment on November 28, resulting in an annualized dividend yield of 2.2%.

QRG Capital Management Inc. lifted its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 199.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,957 shares of the basic materials company's stock after acquiring 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.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CF. Wealth Enhancement Advisory Services LLC raised its position in CF Industries by 46.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,839 shares of the basic materials company's stock valued at $584,000 after purchasing an additional 2,159 shares during the period. Merit Financial Group LLC bought a new position in shares of CF Industries during the 1st quarter valued at approximately $315,000. Wedge Capital Management L L P NC raised its holdings in CF Industries by 7.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 81,494 shares of the basic materials company's stock valued at $6,369,000 after buying an additional 5,575 shares during the period. Pallas Capital Advisors LLC bought a new stake in CF Industries in the first quarter worth $343,000. Finally, Handelsbanken Fonder AB lifted its position in CF Industries by 11.4% in the first quarter. Handelsbanken Fonder AB now owns 43,100 shares of the basic materials company's stock worth $3,368,000 after buying an additional 4,400 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CF. BNP Paribas cut shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Morgan Stanley set a $95.00 price target on shares of CF Industries and gave the company an "equal weight" rating in a report on Thursday, June 26th. Bank of America reissued an "underperform" rating and issued a $82.00 price objective (down previously from $93.00) on shares of CF Industries in a research note on Thursday, August 14th. Wolfe Research lowered CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. Finally, HSBC reduced their price target on CF Industries from $104.00 to $95.00 and set a "hold" rating on the stock in a report on Monday, September 15th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $94.64.

CF Industries Price Performance

Shares of CF stock opened at $92.12 on Tuesday. The company has a market capitalization of $14.92 billion, a P/E ratio of 12.03 and a beta of 0.93. The company's 50-day simple moving average is $87.18 and its two-hundred day simple moving average is $86.64. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $104.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm posted $2.30 earnings per share. The company's revenue was up 20.2% on a year-over-year basis. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

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

CF Industries 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.

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