California State Teachers Retirement System Sells 13,143 Shares of CF Industries Holdings, Inc. (NYSE:CF)

California State Teachers Retirement System decreased its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,585 shares of the basic materials company's stock after selling 13,143 shares during the quarter. California State Teachers Retirement System owned 0.13% of CF Industries worth $18,308,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Mizuho Bank Ltd. acquired a new position in shares of CF Industries during the 4th quarter worth approximately $26,000. Heck Capital Advisors LLC acquired a new position in shares of CF Industries during the 4th quarter worth approximately $34,000. Creative Financial Designs Inc. ADV raised its holdings in CF Industries by 50.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 161 shares during the last quarter. Asset Planning Inc acquired a new position in CF Industries in the 4th quarter valued at $44,000. Finally, Arlington Trust Co LLC raised its holdings in CF Industries by 422.0% in the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 460 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

Analysts Set New Price Targets

CF has been the subject of a number of analyst reports. BNP Paribas raised shares of CF Industries to a "strong-buy" rating in a research report on Wednesday, April 9th. Barclays raised their price target on shares of CF Industries from $87.00 to $91.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Morgan Stanley dropped their price target on shares of CF Industries from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. UBS Group raised their target price on shares of CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company lifted their target price on shares of CF Industries from $96.00 to $98.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $90.21.

CF Industries Price Performance

NYSE CF traded down $0.76 on Tuesday, reaching $92.21. The company's stock had a trading volume of 765,608 shares, compared to its average volume of 2,130,085. The firm has a market cap of $15.63 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94. The business has a 50-day moving average price of $80.28 and a 200 day moving average price of $83.74. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $98.25. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.38. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 earnings per share. Sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries declared that its Board of Directors has initiated a share buyback program on Wednesday, May 7th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to repurchase up to 14.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. CF Industries's payout ratio is 26.35%.

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.