CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lowered its stake in CF Industries Holdings, Inc. (NYSE:CFGet Rating) by 1.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 256,400 shares of the basic materials company’s stock after selling 4,881 shares during the period. State Board of Administration of Florida Retirement System owned 0.12% of CF Industries worth $26,425,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CF. CIBC Asset Management Inc boosted its holdings in CF Industries by 1.0% in the first quarter. CIBC Asset Management Inc now owns 20,058 shares of the basic materials company’s stock worth $2,067,000 after purchasing an additional 206 shares during the period. Independent Advisor Alliance boosted its holdings in shares of CF Industries by 8.3% in the 1st quarter. Independent Advisor Alliance now owns 11,122 shares of the basic materials company’s stock valued at $1,146,000 after buying an additional 852 shares during the period. IFM Investors Pty Ltd grew its position in shares of CF Industries by 30.6% during the 1st quarter. IFM Investors Pty Ltd now owns 35,063 shares of the basic materials company’s stock valued at $3,614,000 after buying an additional 8,218 shares during the last quarter. Retireful LLC acquired a new stake in CF Industries during the first quarter worth about $1,055,000. Finally, Hazlett Burt & Watson Inc. bought a new position in CF Industries in the first quarter worth about $26,000. 93.00% of the stock is owned by institutional investors.

Insider Activity at CF Industries

In other CF Industries news, VP Richard A. Hoker sold 6,684 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $94.90, for a total transaction of $634,311.60. Following the completion of the sale, the vice president now directly owns 45,243 shares of the company’s stock, valued at $4,293,560.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is currently owned by corporate insiders.

CF Industries Trading Up 1.0 %

Shares of CF stock opened at $100.05 on Friday. The stock has a 50-day simple moving average of $89.46 and a 200 day simple moving average of $90.59. The stock has a market capitalization of $19.94 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.87 and a beta of 1.06. CF Industries Holdings, Inc. has a fifty-two week low of $43.19 and a fifty-two week high of $113.49. The company has a quick ratio of 1.50, a current ratio of 3.41 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CFGet Rating) last released its earnings results on Monday, August 1st. The basic materials company reported $6.19 EPS for the quarter, missing analysts’ consensus estimates of $6.23 by ($0.04). The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.50 billion. CF Industries had a return on equity of 49.10% and a net margin of 25.28%. The firm’s revenue for the quarter was up 113.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 19.01 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, August 12th. CF Industries’s dividend payout ratio is 13.11%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CF. Royal Bank of Canada increased their price target on CF Industries from $100.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 14th. Barclays initiated coverage on shares of CF Industries in a research report on Wednesday, June 1st. They issued an “equal weight” rating and a $103.00 price objective on the stock. Consumer Edge cut shares of CF Industries from an “overweight” rating to an “equal weight” rating in a research report on Thursday, April 14th. Piper Sandler raised their price target on shares of CF Industries from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, May 31st. Finally, UBS Group boosted their price objective on CF Industries from $105.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $96.78.

CF Industries Profile

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CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

Further Reading

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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