CF Industries Holdings, Inc. $CF Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 0.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 164,117 shares of the basic materials company’s stock after selling 598 shares during the quarter. New York State Teachers Retirement System’s holdings in CF Industries were worth $15,099,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Nations Financial Group Inc. IA ADV raised its position in shares of CF Industries by 1.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company’s stock valued at $682,000 after purchasing an additional 116 shares during the last quarter. Rowlandmiller & PARTNERS.ADV grew its position in CF Industries by 4.1% during the 2nd quarter. Rowlandmiller & PARTNERS.ADV now owns 3,325 shares of the basic materials company’s stock worth $306,000 after purchasing an additional 130 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of CF Industries by 7.7% in the second quarter. Farther Finance Advisors LLC now owns 1,838 shares of the basic materials company’s stock worth $169,000 after buying an additional 131 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of CF Industries by 2.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,192 shares of the basic materials company’s stock worth $562,000 after buying an additional 142 shares during the period. Finally, Alps Advisors Inc. lifted its stake in shares of CF Industries by 3.5% during the first quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company’s stock worth $361,000 after buying an additional 158 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

CF has been the topic of several research reports. Royal Bank Of Canada set a $100.00 target price on CF Industries and gave the company a “sector perform” rating in a research report on Monday, July 14th. Wall Street Zen raised CF Industries from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Scotiabank restated a “sector perform” rating and issued a $82.00 price objective (up from $81.00) on shares of CF Industries in a research note on Monday, August 11th. HSBC dropped their target price on CF Industries from $104.00 to $95.00 and set a “hold” rating on the stock in a research report on Monday, September 15th. Finally, Morgan Stanley set a $95.00 price target on shares of CF Industries and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $96.92.

CF Industries Stock Up 0.7%

Shares of CF opened at $83.59 on Friday. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 10.91 and a beta of 0.93. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The stock’s 50-day moving average price is $86.64 and its 200-day moving average price is $87.18. 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 announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.02. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company posted $2.30 earnings per share. CF Industries’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

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

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.