Texas Permanent School Fund Corp Buys 20,986 Shares of CF Industries Holdings, Inc. $CF

Texas Permanent School Fund Corp grew its stake in CF Industries Holdings, Inc. (NYSE:CF) by 111.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,741 shares of the basic materials company’s stock after buying an additional 20,986 shares during the period. Texas Permanent School Fund Corp’s holdings in CF Industries were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CF. Norges Bank bought a new position in CF Industries during the 2nd quarter worth approximately $129,574,000. Worldquant Millennium Advisors LLC bought a new stake in shares of CF Industries in the 2nd quarter valued at $96,560,000. Arrowstreet Capital Limited Partnership increased its position in shares of CF Industries by 926.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company’s stock worth $102,897,000 after buying an additional 1,009,455 shares during the period. Allianz Asset Management GmbH raised its stake in CF Industries by 72.1% during the second quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock worth $159,061,000 after buying an additional 724,329 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in CF Industries in the second quarter valued at $63,104,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Price Performance

Shares of NYSE:CF opened at $78.24 on Friday. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $104.45. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39. The stock has a market cap of $12.20 billion, a PE ratio of 9.43 and a beta of 0.68. The stock’s fifty day simple moving average is $81.75 and its two-hundred day simple moving average is $87.49.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.CF Industries’s revenue was up 21.1% on a year-over-year basis. During the same period last year, the business posted $1.55 earnings per share. As a group, analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, November 14th. CF Industries’s payout ratio is presently 24.10%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Rothschild & Co Redburn increased their price target on CF Industries from $78.00 to $86.00 in a report on Monday, November 10th. Scotiabank lifted their target price on CF Industries from $82.00 to $90.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Zacks Research lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of CF Industries in a research report on Monday. Finally, BNP Paribas cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and an average price target of $93.06.

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.