QRG Capital Management Inc. Increases Holdings in CF Industries Holdings, Inc. $CF

Key Points

• QRG Capital Management increased its CF Industries stake by 2,748.8% in the second quarter, acquiring 181,610 additional shares for a total holding of 188,217 shares valued at approximately $20.4 million.
• CF Industries reported quarterly EPS of $4.73, missing the $5.63 analyst consensus, while revenue rose 17.6% year over year to $2.22 billion. The company raised its quarterly dividend from $0.50 to $0.60 per share, providing a 2.0% annualized yield.
• Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating and an average price target of $116.47, below its reported opening price of $120.54.

QRG Capital Management Inc. boosted its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 2,748.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,217 shares of the basic materials company's stock after buying an additional 181,610 shares during the period. QRG Capital Management Inc. owned approximately 0.12% of CF Industries worth $20,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC increased its stake in CF Industries by 3.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company's stock worth $306,000 after buying an additional 84 shares during the period. Eley Financial Management Inc raised its holdings in shares of CF Industries by 0.6% in the 1st quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company's stock valued at $1,787,000 after purchasing an additional 87 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in CF Industries by 1.1% in the first quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company's stock valued at $1,062,000 after purchasing an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in CF Industries by 6.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company's stock valued at $194,000 after purchasing an additional 97 shares in the last quarter. Finally, Altshuler Shaham Ltd grew its holdings in shares of CF Industries by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company's stock worth $54,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Price Performance

CF Industries stock opened at $120.54 on Thursday. 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 $18.24 billion, a P/E ratio of 8.94, a PEG ratio of 0.23 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 firm has a fifty day moving average of $125.75 and a 200-day moving average of $121.27.

CF Industries (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). The company 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%.CF Industries's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.37 EPS. As a group, analysts predict that CF Industries Holdings, Inc. will post 13.9 EPS for the current year.

CF Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from CF Industries's previous quarterly dividend of $0.50. CF Industries's dividend payout ratio (DPR) is 17.79%.

Wall Street Analyst Weigh In

Several research firms recently commented on CF. Scotiabank upped their price target on shares of CF Industries from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. JPMorgan Chase & Co. lifted their price target on CF Industries from $94.00 to $115.00 and gave the company a "neutral" rating in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 16th. Freedom Broker downgraded CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 26th. Finally, Berenberg Bank increased their target price on CF Industries from $86.00 to $106.00 and gave the company a "hold" rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $116.47.

CF Industries Profile

CF Industries Holdings, Inc is a global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and nitric acid, which are used primarily in agriculture to support crop production. Its industrial products also serve customers in areas such as emissions control, plastics, resins, chemicals and other manufacturing applications.

CF Industries operates production facilities in the United States, Canada and the United Kingdom and supplies agricultural and industrial customers in North America and international markets.

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