Alaska Permanent Fund Corp Sells 17,152 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Alaska Permanent Fund Corp lessened its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 60.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,432 shares of the basic materials company's stock after selling 17,152 shares during the quarter. Alaska Permanent Fund Corp's holdings in CF Industries were worth $951,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wahed Invest LLC boosted its position in shares of CF Industries by 4.9% during the 4th quarter. Wahed Invest LLC now owns 3,281 shares of the basic materials company's stock valued at $261,000 after purchasing an additional 154 shares in the last quarter. Balentine LLC grew its position in CF Industries by 5.9% in the fourth quarter. Balentine LLC now owns 2,914 shares of the basic materials company's stock worth $232,000 after buying an additional 162 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of CF Industries by 5.3% in the fourth quarter. Raymond James Trust N.A. now owns 3,507 shares of the basic materials company's stock valued at $279,000 after buying an additional 176 shares in the last quarter. US Bancorp DE lifted its position in shares of CF Industries by 1.7% during the 4th quarter. US Bancorp DE now owns 11,396 shares of the basic materials company's stock valued at $906,000 after acquiring an additional 188 shares during the last quarter. Finally, Evergreen Wealth Solutions LLC boosted its stake in shares of CF Industries by 6.1% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 3,494 shares of the basic materials company's stock worth $278,000 after acquiring an additional 202 shares in the last quarter. Institutional investors own 93.06% of the company's stock.

CF Industries Stock Down 1.4 %

Shares of CF Industries stock traded down $1.02 during trading on Friday, hitting $73.11. 5,844,724 shares of the stock traded hands, compared to its average volume of 2,059,020. The company has a fifty day moving average price of $76.88 and a two-hundred day moving average price of $78.67. CF Industries Holdings, Inc. has a twelve month low of $67.59 and a twelve month high of $87.90. The stock has a market cap of $13.36 billion, a P/E ratio of 12.14, a PEG ratio of 2.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The business's revenue was down 26.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.85 earnings per share. Equities research analysts predict that CF Industries Holdings, Inc. will post 5.2 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.00 annualized dividend and a yield of 2.74%. CF Industries's dividend payout ratio (DPR) is currently 33.22%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CF. Wolfe Research started coverage on CF Industries in a report on Friday, March 1st. They set an "outperform" rating and a $99.00 target price for the company. BMO Capital Markets decreased their target price on shares of CF Industries from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, May 6th. Piper Sandler cut their price target on shares of CF Industries from $82.00 to $75.00 and set an "underweight" rating on the stock in a report on Tuesday, May 7th. Bank of America reaffirmed a "neutral" rating and issued a $88.00 price objective (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Finally, Scotiabank cut their target price on shares of CF Industries from $86.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $85.00.

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.