New York State Common Retirement Fund Sells 11,500 Shares of CF Industries Holdings, Inc. (NYSE:CF)

New York State Common Retirement Fund cut its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,303 shares of the basic materials company's stock after selling 11,500 shares during the quarter. New York State Common Retirement Fund's holdings in CF Industries were worth $6,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. FMR LLC lifted its stake in CF Industries by 3.8% in the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company's stock worth $711,003,000 after purchasing an additional 300,050 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CF Industries by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company's stock valued at $477,668,000 after acquiring an additional 22,392 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of CF Industries by 15.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company's stock valued at $359,386,000 after acquiring an additional 549,569 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of CF Industries by 10.2% during the third quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company's stock worth $111,582,000 after purchasing an additional 120,193 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its stake in CF Industries by 8.6% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,187,445 shares of the basic materials company's stock valued at $101,313,000 after purchasing an additional 93,560 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

Wall Street Analysts Forecast Growth

CF has been the topic of a number of research reports. Oppenheimer lowered their price target on CF Industries from $114.00 to $111.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 28th. Piper Sandler boosted their target price on CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. cut shares of CF Industries from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $82.00 to $75.00 in a research report on Friday, January 24th. Barclays lowered shares of CF Industries from an "overweight" rating to an "equal weight" rating and boosted their price objective for the stock from $96.00 to $100.00 in a report on Tuesday, January 21st. Finally, Bank of America raised shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price on the stock in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $90.54.

CF Industries Stock Down 3.8 %

CF stock traded down $3.07 during midday trading on Monday, hitting $77.95. The company's stock had a trading volume of 2,276,195 shares, compared to its average volume of 2,580,346. The company has a market cap of $13.22 billion, a PE ratio of 11.49, a P/E/G ratio of 0.37 and a beta of 0.98. The firm's 50-day moving average is $87.27 and its 200-day moving average is $85.62. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly 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. The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. On average, equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Friday, February 14th. CF Industries's payout ratio is 29.54%.

Insider Transactions at CF Industries

In related news, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the sale, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Susan L. Menzel sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total value of $325,010.00. Following the completion of the transaction, the executive vice president now owns 62,768 shares of the company's stock, valued at $5,828,636.48. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,389 shares of company stock valued at $1,455,965 over the last quarter. 0.42% of the stock is currently owned by company insiders.

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.