State Treasurer State of Michigan Has $2.47 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

State Treasurer State of Michigan decreased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 17.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 52,925 shares of the basic materials company’s stock after selling 11,300 shares during the period. State Treasurer State of Michigan’s holdings in CF Industries were worth $2,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in CF Industries by 27.4% in the 4th quarter. Geode Capital Management LLC now owns 4,022,001 shares of the basic materials company’s stock valued at $174,768,000 after buying an additional 865,928 shares during the period. JPMorgan Chase & Co. increased its holdings in CF Industries by 33.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,763,130 shares of the basic materials company’s stock valued at $72,077,000 after buying an additional 438,750 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in CF Industries by 7.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,066,656 shares of the basic materials company’s stock valued at $43,605,000 after buying an additional 71,167 shares during the period. Swiss National Bank increased its holdings in CF Industries by 1.5% in the 1st quarter. Swiss National Bank now owns 770,040 shares of the basic materials company’s stock valued at $31,479,000 after buying an additional 11,600 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in CF Industries by 43.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 766,477 shares of the basic materials company’s stock valued at $31,333,000 after buying an additional 233,696 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Shares of CF Industries stock traded down $1.11 during midday trading on Friday, hitting $51.04. 2,275,095 shares of the company traded hands, compared to its average volume of 2,446,529. The stock has a market capitalization of $11.39 billion, a PE ratio of 41.16, a price-to-earnings-growth ratio of 3.90 and a beta of 0.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.43. The business has a fifty day simple moving average of $47.86. CF Industries Holdings, Inc. has a 12 month low of $38.90 and a 12 month high of $56.51.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.47. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.39 billion. CF Industries had a net margin of 9.67% and a return on equity of 7.22%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. As a group, equities research analysts predict that CF Industries Holdings, Inc. will post 2.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Wednesday, August 14th. CF Industries’s dividend payout ratio (DPR) is presently 96.77%.

In related news, VP Douglas C. Barnard sold 100,500 shares of CF Industries stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $50.74, for a total transaction of $5,099,370.00. Following the sale, the vice president now directly owns 37,936 shares in the company, valued at approximately $1,924,872.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bert A. Frost sold 21,600 shares of CF Industries stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $50.16, for a total transaction of $1,083,456.00. Following the sale, the vice president now owns 103,672 shares in the company, valued at $5,200,187.52. The disclosure for this sale can be found here. Insiders have sold a total of 125,765 shares of company stock worth $6,333,641 over the last ninety days. 2.00% of the stock is currently owned by insiders.

Several equities analysts have commented on CF shares. ValuEngine raised shares of CF Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 16th. Zacks Investment Research raised shares of CF Industries from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Thursday, July 18th. UBS Group raised their target price on shares of CF Industries from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Rowe raised their target price on shares of CF Industries from $56.00 to $66.00 and gave the company a “positive” rating in a report on Tuesday, August 6th. Finally, Stifel Nicolaus raised their target price on shares of CF Industries from $43.00 to $48.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $52.83.

About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

See Also: Capital Gains Distribution

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

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