State of New Jersey Common Pension Fund D Trims Stake in CF Industries Holdings, Inc. (NYSE:CF)

State of New Jersey Common Pension Fund D reduced its stake in CF Industries Holdings, Inc. (NYSE:CF) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 65,464 shares of the basic materials company’s stock after selling 942 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in CF Industries were worth $5,585,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kerusso Capital Management LLC grew its stake in CF Industries by 106.1% in the 4th quarter. Kerusso Capital Management LLC now owns 36,674 shares of the basic materials company’s stock worth $3,129,000 after acquiring an additional 18,876 shares in the last quarter. Sierra Ocean LLC bought a new position in CF Industries in the 4th quarter worth about $49,000. MOKAN Wealth Management Inc. bought a new position in CF Industries in the 4th quarter worth about $549,000. James Investment Research Inc. grew its stake in CF Industries by 1.8% in the 4th quarter. James Investment Research Inc. now owns 9,534 shares of the basic materials company’s stock worth $813,000 after acquiring an additional 165 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in CF Industries by 2.4% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 8,611 shares of the basic materials company’s stock worth $735,000 after acquiring an additional 201 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CF. Royal Bank of Canada downgraded shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price on the stock. in a research note on Tuesday, January 21st. Barclays downgraded shares of CF Industries from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $96.00 to $100.00 in a research note on Tuesday, January 21st. Piper Sandler increased their price objective on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Oppenheimer dropped their price objective on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.43.

Insider Transactions at CF Industries

In related news, EVP Susan L. Menzel sold 3,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of the transaction, the executive vice president now directly owns 62,768 shares in the company, valued at $5,828,636.48. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 15,871 shares of the company’s stock, valued at $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,389 shares of company stock worth $2,091,425. Company insiders own 0.42% of the company’s stock.

CF Industries Price Performance

NYSE CF opened at $83.21 on Wednesday. The firm’s fifty day simple moving average is $88.46 and its two-hundred day simple moving average is $85.51. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $98.25. The firm has a market capitalization of $14.48 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.39 and a beta of 0.98.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, February 14th. CF Industries’s dividend payout ratio is currently 31.65%.

About CF Industries

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.