Teacher Retirement System of Texas Takes Position in CF Industries Holdings, Inc. (NYSE:CF)

Teacher Retirement System of Texas purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 260,168 shares of the basic materials company's stock, valued at approximately $22,198,000. Teacher Retirement System of Texas owned 0.15% of CF Industries as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ raised its position in shares of CF Industries by 459.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company's stock worth $36,583,000 after purchasing an additional 357,531 shares during the period. Barclays PLC grew its position in CF Industries by 68.9% in the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company's stock valued at $63,263,000 after purchasing an additional 300,873 shares during the period. FMR LLC increased its stake in CF Industries by 3.8% during the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company's stock valued at $711,003,000 after purchasing an additional 300,050 shares in the last quarter. Victory Capital Management Inc. raised its holdings in CF Industries by 7.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company's stock worth $382,901,000 after buying an additional 299,173 shares during the last quarter. Finally, National Pension Service lifted its stake in shares of CF Industries by 2,848.4% in the fourth quarter. National Pension Service now owns 290,384 shares of the basic materials company's stock valued at $24,776,000 after buying an additional 280,535 shares in the last quarter. Institutional investors own 93.06% of the company's stock.

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Wall Street Analyst Weigh In

CF has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on shares of CF Industries in a research report on Thursday, March 13th. They set a "neutral" rating and a $86.00 target price for the company. Oppenheimer decreased their price objective on CF Industries from $114.00 to $111.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Scotiabank lowered their price objective on CF Industries from $88.00 to $81.00 and set a "sector underperform" rating for the company in a research note on Monday, February 24th. Barclays cut their target price on CF Industries from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada lowered their price target on CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $89.86.

CF Industries Stock Performance

CF traded down $1.84 during trading on Tuesday, hitting $74.99. 2,988,463 shares of the company traded hands, compared to its average volume of 2,021,306. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $98.25. The stock's fifty day moving average is $83.66 and its 200 day moving average is $85.15. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.71 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 0.37 and a beta of 0.99.

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 analysts' consensus estimates of $1.49 by $0.40. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, equities analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.67%. CF Industries's payout ratio is presently 29.54%.

Insider Activity

In related news, 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 completion of the transaction, the executive vice president now directly owns 92,486 shares in the company, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the sale, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,889 shares of company stock valued at $1,130,955 in the last 90 days. Insiders own 0.48% of the company's stock.

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.