Kentucky Retirement Systems Sells 170 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Kentucky Retirement Systems decreased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,398 shares of the basic materials company’s stock after selling 170 shares during the period. Kentucky Retirement Systems’ holdings in CF Industries were worth $1,058,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James & Associates grew its position in shares of CF Industries by 7.6% in the third quarter. Raymond James & Associates now owns 143,050 shares of the basic materials company’s stock valued at $12,274,000 after purchasing an additional 10,092 shares during the last quarter. Ballentine Partners LLC boosted its holdings in CF Industries by 5.2% in the 3rd quarter. Ballentine Partners LLC now owns 5,519 shares of the basic materials company’s stock valued at $474,000 after purchasing an additional 275 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in CF Industries by 2.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,175 shares of the basic materials company’s stock worth $12,861,000 after buying an additional 3,975 shares in the last quarter. Forsta AP Fonden increased its position in shares of CF Industries by 9.4% in the third quarter. Forsta AP Fonden now owns 39,500 shares of the basic materials company’s stock worth $3,389,000 after purchasing an additional 3,400 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in CF Industries by 178.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 98,357 shares of the basic materials company’s stock valued at $8,353,000 after buying an additional 63,008 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Insider Activity at CF Industries

In related news, EVP Susan L. Menzel sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total value of $325,010.00. Following the transaction, the executive vice president now owns 62,768 shares of the company’s stock, valued at approximately $5,828,636.48. This trade represents a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the sale, the vice president now directly owns 15,871 shares of the company’s stock, valued at $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,389 shares of company stock valued at $1,455,965 in the last three months. Corporate insiders own 0.42% of the company’s stock.

CF Industries Stock Performance

Shares of CF opened at $77.90 on Monday. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $87.91 and its two-hundred day simple moving average is $85.67. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The stock has a market capitalization of $13.56 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 0.37 and a beta of 0.98.

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

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. CF Industries’s dividend payout ratio is currently 29.54%.

Wall Street Analysts Forecast Growth

CF has been the topic of a number of research analyst reports. Piper Sandler raised their target price on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Royal Bank of Canada downgraded shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a report on Tuesday, January 21st. Oppenheimer lowered their target price on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Finally, Scotiabank restated a “sector underperform” rating and issued a $88.00 price target on shares of CF Industries in a research report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $92.29.

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.