CF Industries Holdings, Inc. (NYSE:CF) Shares Bought by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lifted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 8.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,320 shares of the basic materials company’s stock after buying an additional 9,943 shares during the quarter. Coronation Fund Managers Ltd. owned approximately 0.07% of CF Industries worth $9,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CF. Victory Capital Management Inc. grew its holdings in 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 acquiring an additional 2,912,942 shares in the last quarter. Boston Partners raised its stake in CF Industries by 37.5% during the first quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after acquiring an additional 835,557 shares during the period. Goldman Sachs Group Inc. lifted its holdings in CF Industries by 68.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after acquiring an additional 630,264 shares during the last quarter. First Trust Advisors LP boosted its stake in CF Industries by 16.5% in the fourth quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after acquiring an additional 414,785 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in 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 valued at $48,305,000 after purchasing an additional 335,624 shares during the period. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

CF stock opened at $87.21 on Wednesday. The stock has a market cap of $15.94 billion, a P/E ratio of 14.49, a P/E/G ratio of 2.38 and a beta of 0.95. 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 firm has a 50 day simple moving average of $79.64 and a 200 day simple moving average of $77.98. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $88.16.

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

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Thursday, August 15th. CF Industries’s payout ratio is presently 33.22%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CF shares. UBS Group raised 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. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $90.00 in a research note on Friday, August 16th. BMO Capital Markets lifted their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Royal Bank of Canada boosted their price target on shares of CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Scotiabank raised their price objective 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.73.

CF Industries Company 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.