Public Employees Retirement System of Ohio Takes Position in CF Industries Holdings, Inc. $CF

Key Points

• Public Employees Retirement System of Ohio acquired 50,180 CF Industries shares worth approximately $5.43 million during the second quarter. Institutional investors collectively own 93.06% of the company.
• CF Industries reported quarterly EPS of $4.73, below the $5.63 consensus estimate, while revenue rose 17.6% year over year to $2.22 billion.
• The company increased its quarterly dividend from $0.50 to $0.60 per share, representing a $2.40 annualized payout and a 1.7% yield. Analysts maintain a consensus “Hold” rating with a $116.56 target price.

Public Employees Retirement System of Ohio bought a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,180 shares of the basic materials company's stock, valued at approximately $5,432,000.

Other hedge funds also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in CF Industries in the fourth quarter worth $11,556,000. Teamwork Financial Advisors LLC bought a new position in CF Industries in the 2nd quarter worth $10,108,000. Twin Capital Management Inc. bought a new position in CF Industries in the 4th quarter worth $714,000. S&CO Inc. purchased a new stake in shares of CF Industries in the 2nd quarter worth about $2,630,000. Finally, Burford Brothers Inc. purchased a new position in shares of CF Industries during the fourth quarter valued at about $960,000. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Stock Performance

CF Industries stock opened at $139.28 on Thursday. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $21.08 billion, a P/E ratio of 10.32, a PEG ratio of 0.27 and a beta of 0.40. The stock's 50 day moving average is $120.10 and its 200 day moving average is $117.85. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96.

CF Industries (NYSE:CF - Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the firm posted $2.37 earnings per share. The company's revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts predict that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were given a dividend of $0.60 per share. This is a positive change from CF Industries's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.40 annualized dividend and a yield of 1.7%. CF Industries's payout ratio is currently 17.79%.

Wall Street Analysts Forecast Growth

CF has been the subject of several research analyst reports. Wall Street Zen lowered shares of CF Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Berenberg Bank upped their target price on CF Industries from $86.00 to $106.00 and gave the stock a "hold" rating in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their target price on CF Industries from $94.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Weiss Ratings cut CF Industries from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Finally, The Goldman Sachs Group dropped their price target on CF Industries from $133.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $116.56.

CF Industries Profile

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.

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