CF Industries Holdings, Inc. (NYSE:CF) Stake Lessened by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 5.1% in the 1st quarter, Holdings Channel reports. The firm owned 14,509 shares of the basic materials company’s stock after selling 778 shares during the quarter. Kentucky Retirement Systems’ holdings in CF Industries were worth $1,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in CF. Westside Investment Management Inc. acquired a new stake in CF Industries in the first quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CF Industries in the fourth quarter worth about $29,000. Meeder Asset Management Inc. acquired a new stake in CF Industries in the fourth quarter worth about $36,000. ORG Partners LLC lifted its holdings in CF Industries by 62.2% in the 4th quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 230 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in CF Industries in the 1st quarter valued at about $55,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of NYSE:CF traded up $1.53 during midday trading on Friday, reaching $75.04. The company’s stock had a trading volume of 1,668,587 shares, compared to its average volume of 1,715,166. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $87.90. The company has a market capitalization of $13.72 billion, a P/E ratio of 12.47, a P/E/G ratio of 2.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. The business’s fifty day simple moving average is $74.49 and its 200-day simple moving average is $77.53.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business earned $2.85 EPS. CF Industries’s revenue was down 26.9% on a year-over-year basis. As a group, equities research analysts expect that CF Industries Holdings, Inc. will post 5.18 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is currently 33.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada cut their price target on shares of CF Industries from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Bank of America restated a “neutral” rating and set a $88.00 price objective (down previously from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Piper Sandler cut their price objective on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a report on Tuesday, May 7th. UBS Group dropped their target price on CF Industries from $86.00 to $78.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, BMO Capital Markets dropped their target price on CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $82.87.

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.