Retirement Systems of Alabama lessened its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 103,788 shares of the basic materials company’s stock after selling 3,877 shares during the quarter. Retirement Systems of Alabama’s holdings in CF Industries were worth $4,243,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CF. Oregon Public Employees Retirement Fund raised its position in shares of CF Industries by 4,197.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,101,238 shares of the basic materials company’s stock valued at $25,000 after buying an additional 1,075,614 shares during the period. CSat Investment Advisory L.P. raised its position in shares of CF Industries by 81.3% during the 4th quarter. CSat Investment Advisory L.P. now owns 620 shares of the basic materials company’s stock valued at $27,000 after buying an additional 278 shares during the period. Ffcm LLC raised its position in shares of CF Industries by 49.4% during the 4th quarter. Ffcm LLC now owns 762 shares of the basic materials company’s stock valued at $33,000 after buying an additional 252 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of CF Industries during the 4th quarter valued at approximately $34,000. Finally, Lindbrook Capital LLC purchased a new stake in shares of CF Industries during the 4th quarter valued at approximately $43,000. 95.85% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on CF. Royal Bank of Canada reduced their price target on shares of CF Industries from $50.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 10th. ValuEngine raised shares of CF Industries from a “hold” rating to a “buy” rating in a research report on Tuesday. Cowen reiterated an “outperform” rating and issued a $56.00 target price (down previously from $62.00) on shares of CF Industries in a report on Tuesday. Bank of America downgraded shares of CF Industries from a “buy” rating to an “underperform” rating and dropped their target price for the company from $50.00 to $38.00 in a report on Thursday, April 18th. Finally, Sanford C. Bernstein downgraded shares of CF Industries from an “outperform” rating to a “market perform” rating and set a $44.40 target price for the company. in a report on Monday, January 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.05.
CF Industries stock opened at $45.16 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $56.51. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.81 and a quick ratio of 1.37. The company has a market capitalization of $10.07 billion, a P/E ratio of 36.42, a P/E/G ratio of 3.50 and a beta of 0.71.
CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 13th. The basic materials company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.30). CF Industries had a net margin of 6.55% and a return on equity of 4.66%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted ($0.02) EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 2.13 EPS for the current year.
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CF Industries Company Profile
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.
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