Employees Retirement System of Texas Has $999,000 Position in CF Industries Holdings, Inc. (CF)

Share on StockTwits

Employees Retirement System of Texas increased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 60.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,500 shares of the basic materials company’s stock after purchasing an additional 8,500 shares during the quarter. Employees Retirement System of Texas’ holdings in CF Industries were worth $999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. State of Alaska Department of Revenue increased its position in shares of CF Industries by 14.9% in the second quarter. State of Alaska Department of Revenue now owns 41,940 shares of the basic materials company’s stock valued at $1,861,000 after acquiring an additional 5,450 shares during the period. Aperio Group LLC increased its position in shares of CF Industries by 5.0% in the second quarter. Aperio Group LLC now owns 122,030 shares of the basic materials company’s stock valued at $5,418,000 after acquiring an additional 5,862 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of CF Industries by 7.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 696,036 shares of the basic materials company’s stock valued at $30,904,000 after acquiring an additional 49,651 shares during the period. Alps Advisors Inc. boosted its stake in shares of CF Industries by 4.3% during the 2nd quarter. Alps Advisors Inc. now owns 1,220,637 shares of the basic materials company’s stock valued at $51,926,000 after purchasing an additional 50,115 shares in the last quarter. Finally, NuWave Investment Management LLC boosted its stake in shares of CF Industries by 125.0% during the 2nd quarter. NuWave Investment Management LLC now owns 8,050 shares of the basic materials company’s stock valued at $357,000 after purchasing an additional 4,473 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

In related news, VP Rosemary L. O’brien sold 6,200 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $49.16, for a total transaction of $304,792.00. Following the sale, the vice president now owns 36,215 shares of the company’s stock, valued at $1,780,329.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Adam L. Hall sold 20,256 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $48.59, for a total transaction of $984,239.04. The disclosure for this sale can be found here. Insiders have sold 40,131 shares of company stock worth $1,976,560 in the last three months. 1.00% of the stock is currently owned by insiders.

NYSE:CF opened at $50.93 on Friday. CF Industries Holdings, Inc. has a one year low of $31.47 and a one year high of $52.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.26 and a current ratio of 2.80. The stock has a market cap of $11.90 billion, a P/E ratio of -203.72, a price-to-earnings-growth ratio of 5.95 and a beta of 1.03.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.45 by $0.18. CF Industries had a net margin of 13.94% and a return on equity of 1.82%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. CF Industries’s quarterly revenue was up 15.7% on a year-over-year basis. research analysts anticipate that CF Industries Holdings, Inc. will post 1.43 EPS for the current fiscal year.

CF Industries announced that its board has approved a stock repurchase program on Wednesday, August 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the basic materials company to buy up to 4.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Wednesday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Tuesday, August 14th. CF Industries’s payout ratio is currently -480.00%.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating and set a $57.00 target price on the stock in a research note on Monday, August 6th. Scotiabank reaffirmed a “buy” rating and set a $53.00 target price on shares of CF Industries in a research note on Friday, August 3rd. Citigroup lifted their target price on shares of CF Industries from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, July 11th. ValuEngine raised shares of CF Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Finally, Royal Bank of Canada lifted their target price on shares of CF Industries from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, August 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $44.04.

CF Industries Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

See Also: Earnings Per Share

Want to see what other hedge funds are holding CF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CF Industries Holdings, Inc. (NYSE:CF).

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

Receive News & Ratings for CF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply