Kentucky Retirement Systems Sells 735 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Kentucky Retirement Systems lessened its stake in CF Industries Holdings, Inc. (NYSE:CF) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,774 shares of the basic materials company’s stock after selling 735 shares during the period. Kentucky Retirement Systems’ holdings in CF Industries were worth $1,021,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CF. Westside Investment Management Inc. bought a new stake in shares of CF Industries in the 1st quarter valued at about $25,000. UMB Bank n.a. grew its position in shares of CF Industries by 40.4% in the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after buying an additional 191 shares during the last quarter. nVerses Capital LLC boosted its position in shares of CF Industries by 250.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 500 shares in the last quarter. Mather Group LLC. bought a new stake in shares of CF Industries during the 1st quarter valued at about $55,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of CF Industries by 28.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF Industries stock opened at $81.61 on Friday. The company has a market cap of $14.92 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.90. The business has a 50 day moving average price of $77.79 and a 200-day moving average price of $77.97. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, topping the consensus estimate of $1.80 by $0.50. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.70 earnings per share. Equities analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BMO Capital Markets upped their target price on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. UBS Group upped their target price on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Scotiabank upped their target price on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Bank of America upped their target price on CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company cut their price target on CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and a consensus price target of $86.91.

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.