Kayne Anderson Rudnick Investment Management LLC Has $1.10 Million Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Kayne Anderson Rudnick Investment Management LLC lifted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 323.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,774 shares of the basic materials company’s stock after acquiring an additional 11,287 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in CF Industries were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CF. Allianz Asset Management GmbH increased its stake in CF Industries by 7.4% during the 4th quarter. Allianz Asset Management GmbH now owns 590,213 shares of the basic materials company’s stock valued at $46,922,000 after purchasing an additional 40,721 shares in the last quarter. Councilmark Asset Management LLC purchased a new position in CF Industries in the first quarter worth $1,251,000. Franklin Resources Inc. grew its stake in CF Industries by 44.4% in the 4th quarter. Franklin Resources Inc. now owns 394,403 shares of the basic materials company’s stock valued at $31,355,000 after purchasing an additional 121,272 shares during the period. Hsbc Holdings PLC raised its stake in shares of CF Industries by 9.7% during the 4th quarter. Hsbc Holdings PLC now owns 458,297 shares of the basic materials company’s stock worth $36,400,000 after purchasing an additional 40,396 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in CF Industries during the first quarter worth about $610,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Performance

Shares of CF stock opened at $83.27 on Tuesday. The stock has a market cap of $15.22 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $87.90. The company’s fifty day moving average price is $78.04 and its 200-day moving average price is $77.94.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.52 billion. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.70 earnings per share. On average, equities analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Thursday, August 15th. CF Industries’s dividend payout ratio is currently 33.22%.

Analyst Ratings Changes

Several research analysts recently commented on CF shares. Scotiabank raised their price objective on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Royal Bank of Canada raised their price objective on CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Bank of America raised their price target on shares of CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. UBS Group boosted their target price on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, BMO Capital Markets raised their price target on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and a consensus target price 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.