Pacer Advisors Inc. Has $203.98 Million Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Pacer Advisors Inc. lifted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 15.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,938,279 shares of the basic materials company’s stock after buying an additional 385,220 shares during the period. Pacer Advisors Inc. owned about 1.51% of CF Industries worth $203,975,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CF. Desjardins Global Asset Management Inc. grew its stake in shares of CF Industries by 401.4% during the first quarter. Desjardins Global Asset Management Inc. now owns 361 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 289 shares during the period. Janiczek Wealth Management LLC increased its position in CF Industries by 186.4% during the second quarter. Janiczek Wealth Management LLC now owns 378 shares of the basic materials company’s stock worth $26,000 after buying an additional 246 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of CF Industries in the fourth quarter valued at approximately $26,000. Clear Street Markets LLC grew its position in shares of CF Industries by 92.5% in the first quarter. Clear Street Markets LLC now owns 385 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 185 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of CF Industries by 56.1% in the first quarter. Lindbrook Capital LLC now owns 420 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 151 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

CF Industries Trading Up 1.0 %

CF Industries stock traded up $0.82 during mid-day trading on Tuesday, hitting $82.08. The company’s stock had a trading volume of 456,640 shares, compared to its average volume of 2,622,558. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.55 and a quick ratio of 6.03. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 1.71 and a beta of 1.04. The business has a 50 day moving average price of $78.89 and a 200-day moving average price of $73.78. CF Industries Holdings, Inc. has a 12 month low of $60.08 and a 12 month high of $112.44.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.15 by $0.55. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.85 billion. CF Industries had a net margin of 27.36% and a return on equity of 31.18%. As a group, analysts forecast that CF Industries Holdings, Inc. will post 7.99 EPS for the current year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Monday, August 14th. CF Industries’s dividend payout ratio (DPR) is presently 13.25%.

Insiders Place Their Bets

In related news, EVP Douglas C. Barnard sold 9,700 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $80.37, for a total transaction of $779,589.00. Following the transaction, the executive vice president now owns 15,089 shares in the company, valued at $1,212,702.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CF has been the topic of a number of analyst reports. HSBC reduced their price target on CF Industries from $85.00 to $83.00 and set a “hold” rating on the stock in a research report on Wednesday, July 26th. Credit Suisse Group increased their price target on CF Industries from $66.00 to $71.00 and gave the company an “underperform” rating in a research note on Thursday, August 3rd. Piper Sandler increased their price objective on CF Industries from $80.00 to $92.00 in a report on Monday, August 7th. Bank of America raised their target price on CF Industries from $95.00 to $98.00 in a research note on Monday, August 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $95.00 target price on shares of CF Industries in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and a consensus target price of $91.06.

CF Industries Profile

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.