California Public Employees Retirement System Sells 14,869 Shares of CF Industries Holdings, Inc. (NYSE:CF)

California Public Employees Retirement System decreased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 368,127 shares of the basic materials company’s stock after selling 14,869 shares during the quarter. California Public Employees Retirement System owned 0.19% of CF Industries worth $29,266,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of CF Industries during the fourth quarter valued at approximately $29,000. ORG Partners LLC grew its stake in CF Industries by 428.6% in the third quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in CF Industries in the fourth quarter worth approximately $32,000. Meeder Asset Management Inc. bought a new position in CF Industries in the fourth quarter worth approximately $36,000. Finally, Larson Financial Group LLC bought a new position in CF Industries in the third quarter worth approximately $50,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Trading Up 0.0 %

CF stock opened at $80.00 on Friday. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35. CF Industries Holdings, Inc. has a 12-month low of $60.08 and a 12-month high of $87.90. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 2.27 and a beta of 1.03. The business’s 50-day moving average is $81.60 and its 200 day moving average is $79.59.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.12). CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm posted $4.35 earnings per share. The company’s quarterly revenue was down 39.8% on a year-over-year basis. On average, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.86 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s payout ratio is 25.51%.

Insider Buying and Selling

In related news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the sale, the executive vice president now directly owns 64,030 shares in the company, valued at approximately $5,442,550. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CF has been the topic of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of CF Industries in a research note on Friday, February 16th. Barclays upgraded CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price for the company in a research note on Friday, January 12th. Bank of America restated a “neutral” rating and issued a $88.00 target price (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Wolfe Research started coverage on CF Industries in a research note on Friday, March 1st. They issued an “outperform” rating and a $99.00 target price for the company. Finally, UBS Group downgraded CF Industries from a “buy” rating to a “neutral” rating and cut their price target for the stock from $95.00 to $83.00 in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $86.47.

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.