California Public Employees Retirement System Sells 12,235 Shares of CF Industries Holdings, Inc. (NYSE:CF)

California Public Employees Retirement System lowered its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 322,775 shares of the basic materials company's stock after selling 12,235 shares during the period. California Public Employees Retirement System owned 0.19% of CF Industries worth $27,539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group increased its stake in shares of CF Industries by 228.3% during the fourth quarter. Schroder Investment Management Group now owns 77,266 shares of the basic materials company's stock valued at $6,493,000 after purchasing an additional 53,729 shares in the last quarter. MV Capital Management Inc. raised its stake in CF Industries by 58.5% during the fourth quarter. MV Capital Management Inc. now owns 672 shares of the basic materials company's stock valued at $57,000 after buying an additional 248 shares during the last quarter. Allstate Corp bought a new stake in CF Industries in the fourth quarter worth $460,000. Brown Brothers Harriman & Co. grew its stake in shares of CF Industries by 2.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 8,166 shares of the basic materials company's stock worth $697,000 after acquiring an additional 164 shares during the last quarter. Finally, DnB Asset Management AS increased its holdings in shares of CF Industries by 3.9% during the fourth quarter. DnB Asset Management AS now owns 36,831 shares of the basic materials company's stock valued at $3,142,000 after acquiring an additional 1,386 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

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Insiders Place Their Bets

In other news, VP Ashraf K. Malik sold 8,889 shares of the company's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value 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 represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the sale, the executive vice president now directly owns 92,486 shares in the company, valued at $8,878,656. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,889 shares of company stock worth $1,130,955. Company insiders own 0.42% of the company's stock.

CF Industries Stock Performance

Shares of CF Industries stock traded down $3.75 on Tuesday, hitting $68.30. 4,909,109 shares of the company's stock were exchanged, compared to its average volume of 2,088,000. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $98.25. The company has a 50-day simple moving average of $79.68 and a 200-day simple moving average of $84.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. The stock has a market capitalization of $11.58 billion, a PE ratio of 10.09, a PEG ratio of 0.37 and a beta of 0.84.

CF Industries (NYSE:CF - Get Free Report) last released its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, February 14th. CF Industries's dividend payout ratio is 29.54%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Piper Sandler increased their price objective on shares of CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Royal Bank of Canada decreased their price objective on shares of CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Scotiabank cut their target price on CF Industries from $88.00 to $81.00 and set a "sector underperform" rating on the stock in a research note on Monday, February 24th. Oppenheimer decreased their price target 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. Finally, The Goldman Sachs Group started coverage on CF Industries in a report on Thursday, March 13th. They set a "neutral" rating and a $86.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $89.86.

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.