CF Industries Holdings, Inc. $CF Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 53.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,732 shares of the basic materials company’s stock after selling 5,389 shares during the period. Kentucky Retirement Systems’ holdings in CF Industries were worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Janus Henderson Group PLC lifted its holdings in shares of CF Industries by 304.4% during the 1st quarter. Janus Henderson Group PLC now owns 72,716 shares of the basic materials company’s stock valued at $9,444,000 after acquiring an additional 54,737 shares in the last quarter. Altshuler Shaham Ltd increased its holdings in CF Industries by 36.6% in the 1st quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 112 shares in the last quarter. Parvin Asset Management LLC increased its holdings in CF Industries by 15.1% in the 1st quarter. Parvin Asset Management LLC now owns 4,610 shares of the basic materials company’s stock valued at $599,000 after purchasing an additional 605 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in CF Industries by 6.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 97 shares during the period. Finally, Recurrent Investment Advisors LLC raised its position in CF Industries by 5.2% in the first quarter. Recurrent Investment Advisors LLC now owns 8,163 shares of the basic materials company’s stock valued at $1,060,000 after purchasing an additional 400 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on CF. The Goldman Sachs Group reduced their price objective on CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of CF Industries in a report on Monday, June 29th. BNP Paribas Exane reduced their price target on CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Scotiabank raised CF Industries from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $120.00 to $125.00 in a research report on Tuesday, June 30th. Finally, HSBC decreased their price target on CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $116.69.

CF Industries Stock Down 0.6%

Shares of NYSE CF opened at $125.06 on Friday. 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 cap 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 quick ratio of 3.15 and a current ratio of 3.54. The stock’s 50-day simple moving average is $114.27 and its 200-day simple moving average is $112.48.

CF Industries Increases Dividend

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

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.