Maryland State Retirement & Pension System Has $790,000 Position in CF Industries Holdings, Inc. (NYSE:CF)

Maryland State Retirement & Pension System trimmed its stake in CF Industries Holdings, Inc. (NYSE:CF) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,265 shares of the basic materials company’s stock after selling 1,474 shares during the quarter. Maryland State Retirement & Pension System’s holdings in CF Industries were worth $790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of CF Industries by 459.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company’s stock worth $36,583,000 after purchasing an additional 357,531 shares in the last quarter. Barclays PLC raised its holdings in CF Industries by 68.9% during the third quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock worth $63,263,000 after buying an additional 300,873 shares during the last quarter. FMR LLC lifted its stake in shares of CF Industries by 3.8% in the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock valued at $711,003,000 after buying an additional 300,050 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of CF Industries by 7.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock valued at $382,901,000 after buying an additional 299,173 shares during the last quarter. Finally, National Pension Service raised its holdings in shares of CF Industries by 2,848.4% in the 4th quarter. National Pension Service now owns 290,384 shares of the basic materials company’s stock worth $24,776,000 after acquiring an additional 280,535 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Insider Activity at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the transaction, the executive vice president now owns 92,486 shares of the company’s stock, valued at $8,878,656. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,889 shares of company stock worth $1,130,955. 0.42% of the stock is owned by corporate insiders.

CF Industries Price Performance

CF Industries stock opened at $76.89 on Tuesday. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The business’s 50 day simple moving average is $84.06 and its 200 day simple moving average is $85.18. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 0.37 and a beta of 0.99.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is currently 29.54%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Scotiabank cut their price target on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Royal Bank of Canada dropped their price objective on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on shares of CF Industries in a research note on Thursday, March 13th. They issued a “neutral” rating and a $86.00 target price for the company. Finally, Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target on the stock in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $89.86.

About CF Industries

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.