QRG Capital Management Inc. Boosts Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

QRG Capital Management Inc. raised its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 21.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,356 shares of the basic materials company's stock after buying an additional 2,572 shares during the quarter. QRG Capital Management Inc.'s holdings in CF Industries were worth $1,122,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CF. Sanctuary Advisors LLC raised its stake in shares of CF Industries by 11.4% in the fourth quarter. Sanctuary Advisors LLC now owns 18,874 shares of the basic materials company's stock valued at $1,740,000 after buying an additional 1,935 shares during the period. Truist Financial Corp raised its stake in shares of CF Industries by 13.6% in the fourth quarter. Truist Financial Corp now owns 8,468 shares of the basic materials company's stock valued at $722,000 after buying an additional 1,011 shares during the period. D.A. Davidson & CO. bought a new stake in shares of CF Industries in the fourth quarter valued at $475,000. Venturi Wealth Management LLC raised its stake in shares of CF Industries by 1,609.0% in the fourth quarter. Venturi Wealth Management LLC now owns 3,213 shares of the basic materials company's stock valued at $274,000 after buying an additional 3,025 shares during the period. Finally, Ieq Capital LLC raised its stake in shares of CF Industries by 544.4% in the fourth quarter. Ieq Capital LLC now owns 20,091 shares of the basic materials company's stock valued at $1,714,000 after buying an additional 16,973 shares during the period. 93.06% of the stock is currently owned by institutional investors.

CF Industries Price Performance

CF Industries stock traded down $0.17 during midday trading on Friday, hitting $100.14. 9,741,235 shares of the company's stock were exchanged, compared to its average volume of 2,199,549. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The stock has a 50-day moving average price of $86.46 and a two-hundred day moving average price of $84.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.22 and a current ratio of 2.59. The company has a market cap of $16.98 billion, a P/E ratio of 13.19 and a beta of 0.97.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.47 by $0.38. CF Industries had a return on equity of 17.39% and a net margin of 21.80%. The business had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm's revenue was up 13.1% on a year-over-year basis. On average, equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries declared that its board has initiated a share repurchase program on Wednesday, May 7th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to repurchase up to 14.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Thursday, May 15th. CF Industries's payout ratio is currently 26.35%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company boosted their target price on CF Industries from $96.00 to $98.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Wolfe Research lowered CF Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, June 12th. The Goldman Sachs Group began coverage on CF Industries in a research note on Thursday, March 13th. They set a "neutral" rating and a $86.00 price objective on the stock. UBS Group boosted their price objective on CF Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Oppenheimer lowered CF Industries from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CF Industries has a consensus rating of "Hold" and an average price target of $90.21.

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.