Texas Permanent School Fund Corp Purchases 20,986 Shares of CF Industries Holdings, Inc. $CF

by · The Cerbat Gem

Texas Permanent School Fund Corp grew its position in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 111.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,741 shares of the basic materials company’s stock after buying an additional 20,986 shares during the period. Texas Permanent School Fund Corp’s holdings in CF Industries were worth $3,656,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc boosted its holdings in CF Industries by 24.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 95,289 shares of the basic materials company’s stock worth $8,767,000 after buying an additional 18,666 shares during the period. Talaria Asset Management Pty Ltd lifted its position in shares of CF Industries by 77.0% during the first quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock worth $45,640,000 after acquiring an additional 254,000 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of CF Industries by 5.9% in the second quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock worth $25,442,000 after acquiring an additional 15,291 shares during the period. Kestra Advisory Services LLC bought a new position in shares of CF Industries in the first quarter worth $849,000. Finally, Foster & Motley Inc. grew its position in shares of CF Industries by 131.4% in the second quarter. Foster & Motley Inc. now owns 32,829 shares of the basic materials company’s stock valued at $3,020,000 after purchasing an additional 18,640 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Trading Down 1.0%

Shares of CF opened at $78.24 on Friday. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $104.45. The company has a market capitalization of $12.20 billion, a P/E ratio of 9.43 and a beta of 0.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.99. The firm’s 50 day simple moving average is $81.75 and its 200 day simple moving average is $87.49.

CF Industries (NYSE:CF – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. CF Industries’s dividend payout ratio (DPR) is presently 24.10%.

Analysts Set New Price Targets

Several research analysts have commented on CF shares. Mizuho cut their target price on CF Industries from $92.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday. Wolfe Research upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Scotiabank boosted their price objective on shares of CF Industries from $82.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. HSBC lowered their target price on shares of CF Industries from $95.00 to $91.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Finally, Royal Bank Of Canada cut their price target on shares of CF Industries from $95.00 to $90.00 and set a “sector perform” rating for the company in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $93.06.

View Our Latest Report on CF Industries

CF Industries Profile

(Free Report)

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.

See Also

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