Victory Capital Management Inc. Purchases 549,569 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Victory Capital Management Inc. boosted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,188,648 shares of the basic materials company's stock after acquiring an additional 549,569 shares during the quarter. Victory Capital Management Inc. owned approximately 2.41% of CF Industries worth $359,386,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC bought a new position in shares of CF Industries in the third quarter valued at approximately $28,000. Quent Capital LLC lifted its position in CF Industries by 132.1% during the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company's stock worth $43,000 after acquiring an additional 284 shares during the last quarter. UMB Bank n.a. grew its position in shares of CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 191 shares during the last quarter. Kimelman & Baird LLC bought a new position in shares of CF Industries in the second quarter worth about $50,000. Finally, nVerses Capital LLC lifted its position in shares of CF Industries by 250.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company's stock worth $52,000 after purchasing an additional 500 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CF shares. BMO Capital Markets increased their target price on shares of CF Industries from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Mizuho boosted their price objective on CF Industries from $76.00 to $93.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Scotiabank raised their target price on CF Industries from $80.00 to $88.00 and gave the stock a "sector perform" rating in a research report on Monday, August 12th. Bank of America lowered shares of CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 price target on the stock. in a report on Wednesday, October 16th. Finally, Royal Bank of Canada lifted their target price on shares of CF Industries from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $88.42.

CF Industries Trading Down 1.0 %

Shares of NYSE:CF traded down $0.85 during trading on Tuesday, hitting $84.23. 2,343,334 shares of the company's stock were exchanged, compared to its average volume of 2,079,672. The firm has a 50-day moving average price of $83.72 and a two-hundred day moving average price of $78.71. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $90.86. The firm has a market cap of $14.66 billion, a P/E ratio of 13.33, a PEG ratio of 2.28 and a beta of 0.97. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.50. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. Equities analysts predict that CF Industries Holdings, Inc. will post 6.19 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries's dividend payout ratio is 31.65%.

Insider Activity

In related news, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the transaction, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,268 shares in the company, valued at approximately $5,964,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now directly owns 29,211 shares of the company's stock, valued at approximately $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

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.