State of New Jersey Common Pension Fund D Sells 3,579 Shares of CF Industries Holdings, Inc. $CF

State of New Jersey Common Pension Fund D lessened its stake in CF Industries Holdings, Inc. (NYSE:CF) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of CF Industries by 1.5% in the first quarter. Vanguard Group Inc. now owns 21,040,601 shares of the basic materials company’s stock valued at $1,644,323,000 after buying an additional 319,343 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in CF Industries by 4.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock valued at $473,220,000 after purchasing an additional 262,944 shares in the last quarter. Invesco Ltd. boosted its holdings in CF Industries by 4.4% during the first quarter. Invesco Ltd. now owns 5,708,643 shares of the basic materials company’s stock valued at $446,130,000 after purchasing an additional 240,756 shares in the last quarter. Boston Partners boosted its holdings in CF Industries by 9.3% during the first quarter. Boston Partners now owns 3,623,708 shares of the basic materials company’s stock valued at $283,169,000 after purchasing an additional 307,092 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in CF Industries by 16.8% during the first quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company’s stock valued at $255,977,000 after purchasing an additional 470,746 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

NYSE:CF opened at $86.43 on Monday. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45. The firm has a 50 day moving average of $86.71 and a 200-day moving average of $87.75. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $14.00 billion, a P/E ratio of 11.28 and a beta of 0.93.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the company posted $2.30 EPS. CF Industries’s revenue was up 20.2% on a year-over-year basis. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on CF shares. BNP Paribas downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $95.00 to $100.00 in a report on Wednesday, August 13th. Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. UBS Group cut their target price on shares of CF Industries from $101.00 to $96.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, The Goldman Sachs Group cut their target price on shares of CF Industries from $96.00 to $94.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $97.54.

About CF Industries

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.