CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 16.7% during the fourth quarter, Holdings Channel reports. The firm owned 28,584 shares of the basic materials company’s stock after selling 5,716 shares during the quarter. Alaska Permanent Fund Corp’s holdings in CF Industries were worth $2,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of CF Industries in the 4th quarter valued at about $29,000. ORG Partners LLC raised its stake in CF Industries by 428.6% during the 3rd quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in CF Industries during the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. acquired a new position in shares of CF Industries in the 4th quarter valued at $36,000. Finally, Larson Financial Group LLC acquired a new position in CF Industries in the third quarter valued at $50,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays raised shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock in a research note on Friday, January 12th. Wolfe Research assumed coverage on CF Industries in a research report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price target for the company. Wells Fargo & Company reduced their target price on CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. UBS Group downgraded shares of CF Industries from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $95.00 to $83.00 in a research note on Wednesday, January 31st. Finally, Berenberg Bank upped their price objective on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $86.47.

CF Industries Stock Performance

CF stock traded down $0.55 during mid-day trading on Thursday, hitting $78.70. 149,739 shares of the company were exchanged, compared to its average volume of 2,451,253. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35. The business has a 50 day simple moving average of $81.46 and a 200-day simple moving average of $79.67. CF Industries Holdings, Inc. has a 1-year low of $60.08 and a 1-year high of $87.90. The stock has a market capitalization of $14.77 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.03.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The firm’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.35 EPS. On average, equities analysts forecast that CF Industries Holdings, Inc. will post 5.86 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently disclosed 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 2.54%. The ex-dividend date is Tuesday, May 14th. CF Industries’s dividend payout ratio is currently 25.51%.

Insider Buying and Selling at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the sale, the executive vice president now directly owns 64,030 shares in the company, valued at $5,442,550. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.42% of the company’s stock.

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.