CF Industries Holdings, Inc. $CF Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 6.3% in the 1st quarter, Holdings Channel reports. The fund owned 180,392 shares of the basic materials company’s stock after selling 12,132 shares during the period. California State Teachers Retirement System’s holdings in CF Industries were worth $23,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC boosted its position in CF Industries by 3.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock worth $306,000 after purchasing an additional 84 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in shares of CF Industries by 1.1% during the 1st quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company’s stock valued at $1,062,000 after purchasing an additional 89 shares in the last quarter. Lakewood Asset Management LLC increased its holdings in shares of CF Industries by 0.9% during the 4th quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company’s stock valued at $957,000 after purchasing an additional 111 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of CF Industries by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,365 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 116 shares during the period. Finally, Root Financial Partners LLC lifted its stake in shares of CF Industries by 23.3% in the 1st quarter. Root Financial Partners LLC now owns 614 shares of the basic materials company’s stock valued at $80,000 after purchasing an additional 116 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. The Goldman Sachs Group cut their price objective on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, June 23rd. UBS Group decreased their price objective on shares of CF Industries from $140.00 to $130.00 in a research report on Friday, May 8th. Bank of America increased their target price on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Finally, Scotiabank upgraded CF Industries from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $120.00 to $125.00 in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.69.

CF Industries Trading Down 0.6%

Shares of NYSE:CF opened at $125.06 on Friday. The business’s 50 day moving average price is $114.27 and its 200-day moving average price is $112.48. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of 11.24 and a beta of 0.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15.

CF Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.60 per share. This is a boost from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, August 14th. CF Industries’s dividend payout ratio (DPR) is currently 17.97%.

CF Industries Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.