Retirement Systems of Alabama Has $5.36 Million Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Posted by on May 4th, 2023

Retirement Systems of Alabama lowered its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF – Get Rating) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,851 shares of the basic materials company’s stock after selling 3,333 shares during the period. Retirement Systems of Alabama’s holdings in CF Industries were worth $5,355,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Mizuho Securities Co. Ltd. boosted its holdings in CF Industries by 24.4% in the third quarter. Mizuho Securities Co. Ltd. now owns 510 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Kentucky Retirement Systems grew its position in CF Industries by 0.7% in the 3rd quarter. Kentucky Retirement Systems now owns 15,598 shares of the basic materials company’s stock valued at $1,501,000 after purchasing an additional 116 shares during the period. Raymond James Trust N.A. grew its position in CF Industries by 2.6% in the 3rd quarter. Raymond James Trust N.A. now owns 4,661 shares of the basic materials company’s stock valued at $448,000 after purchasing an additional 119 shares during the period. Centaurus Financial Inc. grew its position in CF Industries by 8.6% in the 3rd quarter. Centaurus Financial Inc. now owns 1,521 shares of the basic materials company’s stock valued at $146,000 after purchasing an additional 120 shares during the period. Finally, Miracle Mile Advisors LLC grew its position in CF Industries by 3.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 3,544 shares of the basic materials company’s stock valued at $302,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.

CF Industries Price Performance

CF opened at $73.85 on Thursday. The firm has a market cap of $14.47 billion, a P/E ratio of 4.53, a PEG ratio of 1.31 and a beta of 1.01. The firm has a 50-day moving average of $75.93 and a 200 day moving average of $87.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.22 and a current ratio of 3.69. CF Industries Holdings, Inc. has a fifty-two week low of $67.95 and a fifty-two week high of $119.60.

CF Industries (NYSE:CF – Get Rating) last announced its quarterly earnings data on Monday, May 1st. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.22. CF Industries had a return on equity of 48.59% and a net margin of 29.91%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company earned $4.21 earnings per share. CF Industries’s revenue was down 29.8% compared to the same quarter last year. On average, research analysts expect that CF Industries Holdings, Inc. will post 8.95 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. CF Industries’s dividend payout ratio is presently 9.80%.

Analyst Ratings Changes

Several analysts recently issued reports on CF shares. Barclays reduced their price target on shares of CF Industries from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, April 14th. UBS Group decreased their price objective on CF Industries from $104.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 16th. Royal Bank of Canada decreased their price objective on CF Industries from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, April 13th. Scotiabank upgraded shares of CF Industries from a “sector perform” rating to a “sector outperform” rating and set a $95.00 target price for the company in a research note on Monday, April 10th. Finally, BMO Capital Markets reduced their target price on shares of CF Industries from $115.00 to $105.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, CF Industries presently has a consensus rating of “Moderate Buy” and an average target price of $100.15.

CF Industries Company Profile

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CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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