Teachers Retirement System of The State of Kentucky Cuts Stake in CF Industries Holdings, Inc. (NYSE:CF)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,133 shares of the basic materials company's stock after selling 73,016 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in CF Industries were worth $7,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CF. Central Pacific Bank Trust Division purchased a new position in CF Industries during the 4th quarter valued at about $74,000. Korea Investment CORP boosted its holdings in CF Industries by 88.5% during the 4th quarter. Korea Investment CORP now owns 150,374 shares of the basic materials company's stock valued at $12,830,000 after acquiring an additional 70,585 shares during the period. National Pension Service boosted its holdings in CF Industries by 2,848.4% during the 4th quarter. National Pension Service now owns 290,384 shares of the basic materials company's stock valued at $24,776,000 after acquiring an additional 280,535 shares during the period. SBI Securities Co. Ltd. purchased a new position in CF Industries during the 4th quarter valued at about $51,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in CF Industries by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock valued at $494,202,000 after acquiring an additional 225,109 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CF has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their target price on CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on CF Industries in a research report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 price target on the stock. Piper Sandler increased their price target on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Morgan Stanley reduced their price target on CF Industries from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Finally, Barclays reduced their price target on CF Industries from $95.00 to $87.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, CF Industries presently has an average rating of "Hold" and a consensus target price of $89.29.

CF Industries Stock Up 1.6 %

Shares of CF Industries stock traded up $1.20 during trading hours on Friday, hitting $78.50. The company had a trading volume of 1,882,840 shares, compared to its average volume of 2,102,627. The company's 50-day moving average is $76.15 and its two-hundred day moving average is $83.54. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $98.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The company has a market cap of $13.31 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84.

CF Industries (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. Analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries's dividend payout ratio is currently 29.54%.

CF Industries 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.