New York State Teachers Retirement System Trims Stake in CF Industries Holdings, Inc. $CF

New York State Teachers Retirement System lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,117 shares of the basic materials company’s stock after selling 598 shares during the period. New York State Teachers Retirement System owned about 0.10% of CF Industries worth $15,099,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CF. Wealth Enhancement Advisory Services LLC boosted its holdings in CF Industries by 1,497.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 109,240 shares of the basic materials company’s stock valued at $8,537,000 after acquiring an additional 102,401 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of CF Industries by 62.6% during the first quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 714 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of CF Industries by 31.1% during the first quarter. Janney Montgomery Scott LLC now owns 22,131 shares of the basic materials company’s stock valued at $1,730,000 after purchasing an additional 5,255 shares during the period. QRG Capital Management Inc. boosted its stake in shares of CF Industries by 21.8% during the first quarter. QRG Capital Management Inc. now owns 14,356 shares of the basic materials company’s stock valued at $1,122,000 after purchasing an additional 2,572 shares during the period. Finally, CWA Asset Management Group LLC grew its holdings in shares of CF Industries by 37.2% in the first quarter. CWA Asset Management Group LLC now owns 10,568 shares of the basic materials company’s stock worth $826,000 after purchasing an additional 2,865 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Stock Up 0.7%

CF Industries stock opened at $83.59 on Friday. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The business has a fifty day moving average of $86.64 and a two-hundred day moving average of $87.18. The firm has a market cap of $13.54 billion, a P/E ratio of 10.91 and a beta of 0.93. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.35 by $0.02. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $2.30 EPS. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is currently 26.11%.

Wall Street Analysts Forecast Growth

CF has been the subject of a number of research analyst reports. HSBC decreased their price objective on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a report on Monday, September 15th. Morgan Stanley set a $95.00 price objective on CF Industries and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. Wall Street Zen raised CF Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Scotiabank reiterated a “sector perform” rating and issued a $82.00 target price (up from $81.00) on shares of CF Industries in a report on Monday, August 11th. Finally, Wells Fargo & Company raised their price target on CF Industries from $101.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, CF Industries has an average rating of “Hold” and a consensus price target of $96.92.

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.