Strs Ohio Invests $4.23 Million in CF Industries Holdings, Inc. (NYSE:CF)

Strs Ohio purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 53,225 shares of the basic materials company's stock, valued at approximately $4,231,000.

Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB grew its stake in CF Industries by 9.5% during the 3rd quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company's stock valued at $1,635,000 after purchasing an additional 1,636 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in CF Industries by 926.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company's stock worth $15,751,000 after buying an additional 165,808 shares during the last quarter. Comerica Bank lifted its stake in CF Industries by 133.8% during the 3rd quarter. Comerica Bank now owns 54,551 shares of the basic materials company's stock valued at $4,677,000 after acquiring an additional 31,215 shares during the period. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of CF Industries in the fourth quarter worth $1,627,000. Finally, Raymond James & Associates raised its stake in shares of CF Industries by 25.4% during the 4th quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company's stock valued at $10,608,000 after buying an additional 27,027 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Price Performance

Shares of NYSE:CF traded down $0.12 during midday trading on Friday, hitting $79.47. The company's stock had a trading volume of 1,503,336 shares, compared to its average volume of 2,520,984. The company has a market cap of $14.92 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. CF Industries Holdings, Inc. has a 12-month low of $60.08 and a 12-month high of $87.90. The business's 50 day simple moving average is $81.43 and its 200 day simple moving average is $79.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81.

CF Industries (NYSE:CF - Get Free Report) last released its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.12). The business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The company's revenue for the quarter was down 39.8% compared to the same quarter last year. During the same period last year, the business earned $4.35 earnings per share. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.86 EPS for the current year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.52%. CF Industries's dividend payout ratio (DPR) is 25.51%.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 64,030 shares of the company's stock, valued at approximately $5,442,550. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CF shares. UBS Group lowered shares of CF Industries from a "buy" rating to a "neutral" rating and cut their target price for the company from $95.00 to $83.00 in a report on Wednesday, January 31st. Bank of America reissued a "neutral" rating and set a $88.00 target price (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Piper Sandler lowered CF Industries from a "neutral" rating to an "underweight" rating and cut their price target for the company from $87.00 to $82.00 in a research note on Thursday, February 29th. Barclays upgraded CF Industries from an "underweight" rating to an "equal weight" rating and set a $85.00 price target on the stock in a research report on Friday, January 12th. Finally, Wolfe Research started coverage on CF Industries in a research report on Friday, March 1st. They issued an "outperform" rating and a $99.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, CF Industries has an average rating of "Hold" and a consensus price target of $87.94.

About CF Industries

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.