Teachers Retirement System of The State of Kentucky Trims Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Teachers Retirement System of The State of Kentucky trimmed its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 92.7% in the third quarter, Holdings Channel reports. The institutional investor owned 16,132 shares of the basic materials company’s stock after selling 204,504 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in CF Industries were worth $900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in CF Industries by 17.6% in the 2nd quarter. American Century Companies Inc. now owns 22,713 shares of the basic materials company’s stock valued at $1,169,000 after purchasing an additional 3,400 shares during the period. HighTower Advisors LLC boosted its holdings in CF Industries by 8.5% in the 2nd quarter. HighTower Advisors LLC now owns 15,879 shares of the basic materials company’s stock valued at $822,000 after purchasing an additional 1,247 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in CF Industries by 12.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,605 shares of the basic materials company’s stock valued at $2,038,000 after purchasing an additional 4,523 shares during the period. WINTON GROUP Ltd boosted its holdings in CF Industries by 2.0% in the 2nd quarter. WINTON GROUP Ltd now owns 16,446 shares of the basic materials company’s stock valued at $846,000 after purchasing an additional 320 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in CF Industries by 73.8% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 4,699 shares of the basic materials company’s stock valued at $241,000 after purchasing an additional 1,996 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

CF has been the subject of several analyst reports. UBS Group raised their price target on shares of CF Industries from $70.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, January 4th. Royal Bank of Canada lifted their price objective on shares of CF Industries from $65.00 to $70.00 and gave the stock a “sector perform” rating in a report on Friday, November 5th. BMO Capital Markets lifted their price objective on shares of CF Industries from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, December 10th. The analyst cites the company’s disclosure that its Q4 is tracking better thanks to the strong global nitrogen market conditions. Jackson adds that even assuming a moderation from record prices, CF still seems to be pace for free cash flow well in excess of $10 per share, which should accelerate buybacks and provide more dry powder for investments. JPMorgan Chase & Co. lifted their price objective on shares of CF Industries from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, October 1st. Finally, Piper Sandler began coverage on shares of CF Industries in a report on Thursday, December 16th. They set an “overweight” rating and a $78.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CF Industries currently has a consensus rating of “Buy” and an average price target of $67.10.

In related news, VP Richard A. Hoker sold 71,545 shares of the business’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $67.57, for a total transaction of $4,834,295.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Douglas C. Barnard sold 35,207 shares of the business’s stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $62.65, for a total transaction of $2,205,718.55. The disclosure for this sale can be found here. Insiders have sold 167,210 shares of company stock worth $11,089,034 in the last three months. 2.00% of the stock is currently owned by insiders.

Shares of NYSE CF opened at $66.44 on Friday. CF Industries Holdings, Inc. has a 1 year low of $39.87 and a 1 year high of $74.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.79 and a quick ratio of 1.38. The company’s 50-day moving average is $65.66 and its 200 day moving average is $56.25. The stock has a market capitalization of $14.25 billion, a P/E ratio of 48.15, a P/E/G ratio of 0.88 and a beta of 1.05.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, November 3rd. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). CF Industries had a net margin of 5.86% and a return on equity of 12.08%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Research analysts anticipate that CF Industries Holdings, Inc. will post 5.74 earnings per share for the current year.

CF Industries Profile

CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.

Further Reading: What is a SEC Filing?

Want to see what other hedge funds are holding CF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CF Industries Holdings, Inc. (NYSE:CF).

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

Receive News & Ratings for CF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries and related companies with MarketBeat.com's FREE daily email newsletter.