CF Industries Holdings, Inc. (NYSE:CF) Stock Position Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 13.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,303 shares of the basic materials company’s stock after selling 11,500 shares during the period. New York State Common Retirement Fund’s holdings in CF Industries were worth $6,169,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Heck Capital Advisors LLC purchased a new stake in shares of CF Industries during the fourth quarter worth $34,000. Brooklyn Investment Group bought a new position in CF Industries during the third quarter valued at approximately $39,000. Asset Planning Inc acquired a new stake in CF Industries in the fourth quarter valued at approximately $44,000. Arlington Trust Co LLC lifted its stake in CF Industries by 422.0% in the fourth quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 460 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in CF Industries in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CF shares. Piper Sandler upped their price objective on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Barclays downgraded CF Industries from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $96.00 to $100.00 in a research note on Tuesday, January 21st. UBS Group cut their price objective on CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Oppenheimer decreased their target price on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Finally, Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus price target of $91.14.

CF Industries Price Performance

Shares of CF stock opened at $79.54 on Friday. The stock has a 50 day moving average of $87.35 and a two-hundred day moving average of $85.55. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $13.48 billion, a P/E ratio of 11.75, a P/E/G ratio of 0.37 and a beta of 0.97. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, equities analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Friday, February 14th. CF Industries’s dividend payout ratio is 29.54%.

Insider Buying and Selling at CF Industries

In other news, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $142,500.00. Following the transaction, the executive vice president now directly owns 93,986 shares in the company, valued at approximately $8,928,670. This represents a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,389 shares of company stock valued at $1,455,965. 0.48% of the stock is currently owned by corporate insiders.

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.