CF Industries Holdings, Inc. $CF Stake Lessened by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,413 shares of the basic materials company’s stock after selling 3,579 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CF Industries were worth $5,098,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. AlphaQuest LLC increased its stake in shares of CF Industries by 548.6% in the second quarter. AlphaQuest LLC now owns 14,263 shares of the basic materials company’s stock worth $1,312,000 after acquiring an additional 12,064 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in shares of CF Industries by 2.4% in the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 12,700 shares of the basic materials company’s stock worth $1,168,000 after acquiring an additional 300 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of CF Industries by 17,340.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 872 shares of the basic materials company’s stock worth $80,000 after acquiring an additional 867 shares during the last quarter. Ethic Inc. increased its stake in shares of CF Industries by 9.6% in the second quarter. Ethic Inc. now owns 3,130 shares of the basic materials company’s stock worth $285,000 after acquiring an additional 273 shares during the last quarter. Finally, Denali Advisors LLC acquired a new position in CF Industries during the second quarter worth $222,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Trading Down 0.6%

Shares of NYSE:CF opened at $86.43 on Monday. The company has a market cap of $14.00 billion, a P/E ratio of 11.28 and a beta of 0.93. The stock’s 50-day moving average is $86.71 and its 200-day moving average is $87.75. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.02. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The firm’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business posted $2.30 earnings per share. Equities research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is presently 26.11%.

Analysts Set New Price Targets

CF has been the topic of several analyst reports. Bank of America increased their target price on shares of CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group lowered their target price on shares of CF Industries from $96.00 to $94.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. Wells Fargo & Company increased their target price on shares of CF Industries from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. HSBC lowered their target price on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating on the stock in a research report on Monday, September 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of CF Industries in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $97.54.

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.