685,918 Shares in CF Industries Holdings, Inc. $CF Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 685,918 shares of the basic materials company’s stock, valued at approximately $63,104,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.40% of CF Industries as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CF. Trust Co. of Toledo NA OH bought a new position in shares of CF Industries during the second quarter valued at $26,000. Zions Bancorporation National Association UT purchased a new stake in CF Industries during the 1st quarter valued at about $27,000. Golden State Wealth Management LLC increased its stake in CF Industries by 119.8% during the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 206 shares in the last quarter. TCTC Holdings LLC raised its holdings in CF Industries by 114.1% in the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock worth $30,000 after buying an additional 202 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of CF Industries in the first quarter worth approximately $50,000. 93.06% of the stock is owned by institutional investors.

CF Industries Price Performance

NYSE CF opened at $83.59 on Friday. The company has a 50-day moving average price of $86.64 and a 200-day moving average price of $87.18. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $13.54 billion, a P/E ratio of 10.91 and a beta of 0.93.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) 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 company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $2.30 earnings per share. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is currently 26.11%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CF. Scotiabank reissued a “sector perform” rating and set a $82.00 price target (up previously from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Bank of America lifted their target price on CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CF Industries in a report on Tuesday, October 14th. Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $95.00 to $100.00 in a research report on Wednesday, August 13th. Finally, Mizuho boosted their target price on CF Industries from $97.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $96.92.

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.