Public Employees Retirement System of Ohio Has $5.68 Million Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Public Employees Retirement System of Ohio lessened its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 7.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 66,204 shares of the basic materials company’s stock after selling 5,177 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in CF Industries were worth $5,680,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CF. Wolff Wiese Magana LLC acquired a new stake in shares of CF Industries during the third quarter worth $28,000. Brooklyn Investment Group bought a new stake in CF Industries during the third quarter valued at $39,000. Quent Capital LLC grew its holdings in CF Industries by 132.1% during the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 284 shares during the period. UMB Bank n.a. raised 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 worth $49,000 after acquiring an additional 191 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new stake in shares of CF Industries during the 2nd quarter valued at about $50,000. Institutional investors own 93.06% of the company’s stock.

Insider Activity

In other news, EVP Susan L. Menzel sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of the sale, the executive vice president now owns 62,768 shares in the company, valued at $5,828,636.48. This trade represents a 5.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the transaction, the vice president now directly owns 22,211 shares in the company, valued at $2,016,314.58. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,701 shares of company stock valued at $2,052,704 over the last three months. Corporate insiders own 0.42% of the company’s stock.

CF Industries Price Performance

CF opened at $89.48 on Friday. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $94.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 2.37 and a beta of 0.98. The firm’s fifty day moving average price is $86.71 and its two-hundred day moving average price is $80.69.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.50 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.24%. CF Industries’s payout ratio is presently 31.65%.

Wall Street Analyst Weigh In

CF has been the topic of a number of research analyst reports. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a report on Wednesday, October 16th. UBS Group upped their price objective on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Oppenheimer began coverage on CF Industries in a research note on Thursday. They issued an “outperform” rating and a $114.00 target price for the company. Piper Sandler increased their price target on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada boosted their price objective on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $90.38.

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.