Symmetry Investments LP Invests $520,000 in CF Industries Holdings, Inc. (NYSE:CF)

Symmetry Investments LP acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 7,019 shares of the basic materials company’s stock, valued at approximately $520,000.

Several other institutional investors have also modified their holdings of CF. Victory Capital Management Inc. lifted its position in shares of CF Industries by 401.2% during the 2nd quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock worth $269,729,000 after purchasing an additional 2,912,942 shares during the last quarter. Boston Partners lifted its position in shares of CF Industries by 37.5% during the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after purchasing an additional 835,557 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of CF Industries by 68.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after purchasing an additional 630,264 shares during the last quarter. First Trust Advisors LP lifted its position in shares of CF Industries by 16.5% during the 4th quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock worth $232,779,000 after purchasing an additional 414,785 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of CF Industries by 137.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock worth $48,305,000 after purchasing an additional 335,624 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Price Performance

Shares of NYSE:CF opened at $81.61 on Friday. The company has a 50-day simple moving average of $77.79 and a 200-day simple moving average of $77.97. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $87.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.21 and a beta of 0.95.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $2.70 earnings per share. The business’s revenue was down 11.4% compared to the same quarter last year. On average, analysts predict 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, August 30th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.45%. CF Industries’s dividend payout ratio (DPR) is 33.22%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Bank of America boosted their price target on shares of CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Scotiabank boosted their price target on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $90.00 in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus price target of $86.91.

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.