Strs Ohio Has $346,000 Stake in CF Industries Holdings, Inc. $CF

Strs Ohio reduced its position in CF Industries Holdings, Inc. (NYSE:CF) by 80.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,855 shares of the basic materials company’s stock after selling 16,176 shares during the quarter. Strs Ohio’s holdings in CF Industries were worth $346,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new position in CF Industries in the second quarter valued at approximately $26,000. Harbor Capital Advisors Inc. grew its holdings in shares of CF Industries by 78.0% during the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after buying an additional 128 shares during the last quarter. True Wealth Design LLC increased its holdings in CF Industries by 396.2% during the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 309 shares in the last quarter. Eastern Bank bought a new stake in CF Industries during the third quarter worth $35,000. Finally, Root Financial Partners LLC bought a new stake in shares of CF Industries in the 3rd quarter worth $41,000. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

CF has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their target price on CF Industries from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 16th. Zacks Research upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Rothschild & Co Redburn boosted their target price on shares of CF Industries from $78.00 to $86.00 in a report on Monday, November 10th. BNP Paribas Exane upped their price target on CF Industries from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Finally, CIBC began coverage on shares of CF Industries in a research report on Tuesday, December 2nd. They set a “neutral” rating and a $87.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, CF Industries currently has a consensus rating of “Hold” and a consensus target price of $89.71.

CF Industries Price Performance

Shares of NYSE:CF opened at $93.29 on Monday. The company has a quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39. The stock has a market cap of $14.55 billion, a PE ratio of 11.24 and a beta of 0.70. The company’s fifty day moving average is $81.63 and its 200 day moving average is $84.86. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.06 by $0.13. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. Research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.50 dividend. The ex-dividend date is Friday, February 13th. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. CF Industries’s dividend payout ratio (DPR) is currently 24.10%.

About CF Industries

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.