New York State Common Retirement Fund cut its stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 14.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 150,141 shares of the basic materials company’s stock after selling 25,230 shares during the period. New York State Common Retirement Fund owned about 0.08% of CF Industries worth $12,873,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Coppell Advisory Solutions Corp. purchased a new stake in shares of CF Industries in the 4th quarter worth $26,000. Clear Street Markets LLC increased its stake in shares of CF Industries by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 385 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 185 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of CF Industries in the 2nd quarter worth $30,000. ORG Partners LLC increased its stake in shares of CF Industries by 428.6% in the 3rd quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of CF Industries by 99.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 529 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 264 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. UBS Group downgraded shares of CF Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $95.00 to $83.00 in a report on Wednesday, January 31st. Scotiabank cut shares of CF Industries from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, November 6th. Wells Fargo & Company upped their target price on shares of CF Industries from $94.00 to $101.00 and gave the company an “overweight” rating in a research report on Monday, October 23rd. Royal Bank of Canada increased their price objective on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 17th. Finally, 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 report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $90.87.
CF Industries Stock Up 0.1 %
CF Industries stock opened at $76.14 on Wednesday. The business has a fifty day moving average of $77.39 and a two-hundred day moving average of $79.50. The company has a quick ratio of 4.18, a current ratio of 4.52 and a debt-to-equity ratio of 0.36. The firm has a market cap of $14.55 billion, a P/E ratio of 7.08, a P/E/G ratio of 1.97 and a beta of 1.01. CF Industries Holdings, Inc. has a twelve month low of $60.08 and a twelve month high of $91.23.
CF Industries Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, February 14th. This is an increase from CF Industries’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.63%. CF Industries’s dividend payout ratio is presently 14.88%.
About CF Industries
CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.
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