Strs Ohio Purchases Shares of 53,225 CF Industries Holdings, Inc. (NYSE:CF)

Strs Ohio purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 53,225 shares of the basic materials company’s stock, valued at approximately $4,231,000.

Other hedge funds also recently bought and sold shares of the company. Triasima Portfolio Management inc. acquired a new stake in shares of CF Industries during the 4th quarter worth about $294,000. Louisiana State Employees Retirement System acquired a new stake in shares of CF Industries during the 4th quarter worth about $922,000. Simplicity Solutions LLC raised its position in shares of CF Industries by 8.6% during the 4th quarter. Simplicity Solutions LLC now owns 2,948 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 234 shares in the last quarter. ORG Partners LLC raised its position in shares of CF Industries by 62.2% during the 4th quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 230 shares in the last quarter. Finally, RPG Investment Advisory LLC raised its position in shares of CF Industries by 1.7% during the 4th quarter. RPG Investment Advisory LLC now owns 122,658 shares of the basic materials company’s stock worth $9,751,000 after acquiring an additional 2,046 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

CF has been the topic of several research analyst reports. Piper Sandler lowered CF Industries from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $87.00 to $82.00 in a research report on Thursday, February 29th. Bank of America reissued a “neutral” rating and set a $88.00 target price (down previously from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Berenberg Bank raised their price target on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday. UBS Group downgraded CF Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $95.00 to $83.00 in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of CF Industries in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average price target of $87.94.

Insider Activity

In other news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the sale, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.42% of the company’s stock.

CF Industries Trading Up 2.3 %

Shares of CF stock opened at $79.59 on Friday. The business’s 50 day moving average is $81.40 and its two-hundred day moving average is $79.77. CF Industries Holdings, Inc. has a twelve month low of $60.08 and a twelve month high of $87.90. The company has a market capitalization of $14.94 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.12). The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.51 billion. CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The firm’s quarterly revenue was down 39.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.35 earnings per share. Equities analysts forecast that CF Industries Holdings, Inc. will post 5.85 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.51%. CF Industries’s dividend payout ratio is currently 25.51%.

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.