VIRGINIA RETIREMENT SYSTEMS ET Al Sells 49,900 Shares of CF Industries Holdings, Inc. $CF

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in CF Industries Holdings, Inc. (NYSE:CF) by 8.4% during the fourth quarter, Holdings Channel reports. The firm owned 547,618 shares of the basic materials company’s stock after selling 49,900 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in CF Industries were worth $42,353,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CF. Worldquant Millennium Advisors LLC bought a new position in shares of CF Industries in the second quarter worth $96,560,000. Caisse de depot et placement du Quebec increased its position in shares of CF Industries by 52.4% in the third quarter. Caisse de depot et placement du Quebec now owns 1,775,106 shares of the basic materials company’s stock worth $159,227,000 after purchasing an additional 610,259 shares during the period. Dimensional Fund Advisors LP increased its position in shares of CF Industries by 22.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,133,709 shares of the basic materials company’s stock worth $281,104,000 after purchasing an additional 568,710 shares during the period. LSV Asset Management increased its position in shares of CF Industries by 106.3% in the third quarter. LSV Asset Management now owns 1,053,802 shares of the basic materials company’s stock worth $94,526,000 after purchasing an additional 543,070 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of CF Industries by 10.6% in the third quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock worth $449,742,000 after purchasing an additional 480,126 shares during the period. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

CF Industries stock opened at $130.25 on Wednesday. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $122.79 and its two-hundred day moving average price is $98.28. The stock has a market cap of $20.01 billion, a PE ratio of 11.70 and a beta of 0.42.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, topping the consensus estimate of $2.63 by $1.35. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.84 billion. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 earnings per share. As a group, analysts expect that CF Industries Holdings, Inc. will post 13.53 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, May 15th. CF Industries’s payout ratio is 17.97%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen upgraded CF Industries from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings upgraded CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Wells Fargo & Company lifted their target price on CF Industries from $100.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Mizuho lifted their target price on CF Industries from $100.00 to $105.00 and gave the company an “underperform” rating in a research report on Tuesday, March 31st. Finally, Rothschild & Co Redburn set a $72.00 target price on CF Industries in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $118.27.

Insider Activity at CF Industries

In other news, SVP Michael Patrick Mcgrane sold 3,666 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $116.50, for a total transaction of $427,089.00. Following the sale, the senior vice president directly owned 19,161 shares in the company, valued at approximately $2,232,256.50. The trade was a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Susan L. Menzel sold 18,041 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $136.06, for a total value of $2,454,658.46. Following the sale, the executive vice president owned 55,762 shares in the company, valued at approximately $7,586,977.72. This trade represents a 24.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 82,408 shares of company stock valued at $9,971,298. Corporate insiders own 0.51% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.