Texas Permanent School Fund Corp Cuts Position in CF Industries Holdings, Inc. (NYSE:CF)

Texas Permanent School Fund Corp lessened its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 23.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,237 shares of the basic materials company’s stock after selling 9,256 shares during the period. Texas Permanent School Fund Corp’s holdings in CF Industries were worth $2,241,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allianz Asset Management GmbH raised its position in shares of 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 worth $46,922,000 after acquiring an additional 40,721 shares in the last quarter. Councilmark Asset Management LLC acquired a new stake in CF Industries during the first quarter worth approximately $1,251,000. Franklin Resources Inc. lifted its position in shares of CF Industries by 44.4% during the 4th quarter. Franklin Resources Inc. now owns 394,403 shares of the basic materials company’s stock worth $31,355,000 after buying an additional 121,272 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of CF Industries by 9.7% in the 4th quarter. Hsbc Holdings PLC now owns 458,297 shares of the basic materials company’s stock valued at $36,400,000 after buying an additional 40,396 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of CF Industries in the 1st quarter valued at $610,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Stock Performance

NYSE CF opened at $81.47 on Wednesday. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.21 and a beta of 0.95. The business’s 50 day moving average is $76.85 and its two-hundred day moving average is $77.91. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $87.90. 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 (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the company posted $2.70 earnings per share. CF Industries’s quarterly revenue was down 11.4% on a year-over-year basis. Research analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, August 15th. CF Industries’s dividend payout ratio is currently 33.22%.

Analyst Ratings Changes

Several research firms have issued reports on CF. Bank of America upped their price objective on shares of CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Wells Fargo & Company cut their price target on CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Royal Bank of Canada increased their price objective on CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, August 12th. UBS Group upped their price target on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Finally, Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $90.00 in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average 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.