Victory Capital Management Inc. Purchases 299,173 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Victory Capital Management Inc. increased its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,487,821 shares of the basic materials company’s stock after acquiring an additional 299,173 shares during the period. Victory Capital Management Inc.’s holdings in CF Industries were worth $382,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CF. Barclays PLC increased its holdings in shares of CF Industries by 68.9% in the third quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock worth $63,263,000 after purchasing an additional 300,873 shares during the period. FMR LLC grew its position in CF Industries by 3.8% during the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after buying an additional 300,050 shares in the last quarter. National Pension Service increased its stake in CF Industries by 2,848.4% in the 4th quarter. National Pension Service now owns 290,384 shares of the basic materials company’s stock worth $24,776,000 after acquiring an additional 280,535 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CF Industries by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock valued at $494,202,000 after acquiring an additional 225,109 shares in the last quarter. Finally, Yaupon Capital Management LP bought a new stake in shares of CF Industries during the 3rd quarter valued at about $17,437,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Trading Down 3.4 %

NYSE CF opened at $75.29 on Wednesday. The firm has a market cap of $12.76 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 0.37 and a beta of 0.98. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $98.25. The stock has a 50-day moving average of $87.13 and a 200-day moving average of $85.60. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective on the stock in a research report on Monday, February 24th. Oppenheimer decreased their price target on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. UBS Group dropped their price objective on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Royal Bank of Canada reduced their target price on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Finally, Piper Sandler lifted their price target on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and an average price target of $90.54.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the sale, the executive vice president now owns 92,486 shares in the company, valued at approximately $8,878,656. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the transaction, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,889 shares of company stock worth $1,130,955. 0.42% of the stock is currently owned by company insiders.

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.