Maryland State Retirement & Pension System Has $790,000 Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Maryland State Retirement & Pension System lessened its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,265 shares of the basic materials company’s stock after selling 1,474 shares during the quarter. Maryland State Retirement & Pension System’s holdings in CF Industries were worth $790,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Checchi Capital Advisers LLC increased its stake in CF Industries by 4.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 108 shares during the period. Brooklyn Investment Group grew its holdings in shares of CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 122 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of CF Industries by 1.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company’s stock worth $602,000 after purchasing an additional 126 shares during the period. Ballentine Partners LLC raised its stake in CF Industries by 2.3% in the fourth quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company’s stock valued at $482,000 after purchasing an additional 127 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in CF Industries by 4.9% during the third quarter. Coldstream Capital Management Inc. now owns 2,883 shares of the basic materials company’s stock worth $247,000 after purchasing an additional 135 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the transaction, the vice president now owns 15,871 shares of the company’s stock, valued at $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the transaction, the executive vice president now owns 92,486 shares in the company, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,889 shares of company stock valued at $1,130,955 over the last ninety days. 0.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Scotiabank decreased their target price on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a report on Monday, February 24th. Oppenheimer cut their target price on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. UBS Group reduced their target price on CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Piper Sandler boosted their price target on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $89.86.

CF Industries Stock Up 0.1 %

NYSE:CF opened at $76.89 on Tuesday. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $98.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The company has a market cap of $13.04 billion, a PE ratio of 11.36, a P/E/G ratio of 0.37 and a beta of 0.99. The firm’s 50 day simple moving average is $84.06 and its 200 day simple moving average is $85.18.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.60%. CF Industries’s dividend payout ratio (DPR) is 29.54%.

About CF Industries

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.