California State Teachers Retirement System Decreases Stake in CF Industries Holdings, Inc. (NYSE:CF)

California State Teachers Retirement System reduced its stake in CF Industries Holdings, Inc. (NYSE:CF) by 4.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 257,170 shares of the basic materials company’s stock after selling 12,376 shares during the quarter. California State Teachers Retirement System owned about 0.14% of CF Industries worth $21,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayesian Capital Management LP purchased a new position in shares of CF Industries during the 1st quarter valued at approximately $2,384,000. Ascent Group LLC increased its holdings in shares of CF Industries by 10.0% during the 1st quarter. Ascent Group LLC now owns 3,804 shares of the basic materials company’s stock valued at $317,000 after purchasing an additional 346 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of CF Industries by 6.3% during the 1st quarter. Earnest Partners LLC now owns 2,133,854 shares of the basic materials company’s stock valued at $177,558,000 after purchasing an additional 125,616 shares in the last quarter. SVB Wealth LLC increased its holdings in shares of CF Industries by 31.9% during the 1st quarter. SVB Wealth LLC now owns 4,593 shares of the basic materials company’s stock valued at $382,000 after purchasing an additional 1,110 shares in the last quarter. Finally, BOKF NA increased its holdings in shares of CF Industries by 11.0% during the 1st quarter. BOKF NA now owns 140,662 shares of the basic materials company’s stock valued at $11,721,000 after purchasing an additional 13,958 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CF has been the subject of several recent research reports. Berenberg Bank lifted their target price on shares of CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Bank of America reissued a “neutral” rating and issued a $88.00 price target (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Wells Fargo & Company dropped their price target on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. BMO Capital Markets dropped their price target on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Finally, Royal Bank of Canada dropped their price target on shares of CF Industries from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $82.87.

CF Industries Trading Down 0.4 %

CF traded down $0.28 on Thursday, hitting $76.11. The company had a trading volume of 187,370 shares, compared to its average volume of 2,273,086. The firm has a market cap of $13.91 billion, a P/E ratio of 12.69, a PEG ratio of 2.46 and a beta of 0.95. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $87.90. The company’s fifty day moving average price is $74.36 and its 200 day moving average price is $77.50. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same quarter last year, the company earned $2.85 earnings per share. As a group, equities analysts expect that CF Industries Holdings, Inc. will post 5.18 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.63%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

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.