CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,913 shares of the basic materials company’s stock after selling 589 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CF Industries were worth $1,476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CF. Westside Investment Management Inc. acquired a new position in CF Industries in the 1st quarter valued at $25,000. UMB Bank n.a. grew its position in shares of CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 191 shares during the period. nVerses Capital LLC increased its stake in CF Industries by 250.0% in the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 500 shares during the last quarter. Mather Group LLC. purchased a new position in CF Industries during the first quarter worth about $55,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in CF Industries by 28.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock worth $56,000 after buying an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

CF stock opened at $84.90 on Wednesday. The firm has a market cap of $15.52 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 2.21 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. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $87.90. The stock has a 50-day simple moving average of $78.27 and a 200-day simple moving average of $77.94.

CF Industries (NYSE:CF) last posted 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. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The business’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.70 earnings per share. On average, equities analysts predict 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 announced 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 of this dividend was Thursday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.36%. CF Industries’s dividend payout ratio is presently 33.22%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CF. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $90.00 in a report on Friday, August 16th. Wells Fargo & Company lifted their price target on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday. Bank of America upped their price objective on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Scotiabank lifted their target price on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, UBS Group upped their price target on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.73.

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.