State of Tennessee Department of Treasury Has $6.98 Million Position in CF Industries Holdings, Inc. (NYSE:CF)

State of Tennessee Department of Treasury increased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 66.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 81,818 shares of the basic materials company’s stock after acquiring an additional 32,607 shares during the quarter. State of Tennessee Department of Treasury’s holdings in CF Industries were worth $6,981,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Mizuho Bank Ltd. bought a new stake in shares of CF Industries in the fourth quarter valued at approximately $26,000. Heck Capital Advisors LLC bought a new stake in CF Industries in the 4th quarter valued at $34,000. Creative Financial Designs Inc. ADV grew its position in CF Industries by 50.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 161 shares during the last quarter. Asset Planning Inc bought a new position in shares of CF Industries during the 4th quarter worth about $44,000. Finally, Arlington Trust Co LLC raised its position in shares of CF Industries by 422.0% during the fourth quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock valued at $49,000 after buying an additional 460 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 1.8 %

NYSE:CF opened at $77.23 on Friday. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $98.25. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $76.24 and its two-hundred day moving average price is $83.65.

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

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.59%. CF Industries’s dividend payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CF shares. UBS Group lowered their price objective on CF Industries from $90.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group began coverage on shares of CF Industries in a research report on Thursday, March 13th. They set a “neutral” rating and a $86.00 target price for the company. Royal Bank of Canada reduced their price target on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective for the company in a report on Monday, February 24th. Finally, Scotiabank upgraded CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 target price for the company in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CF Industries presently has an average rating of “Hold” and a consensus target price of $89.29.

CF Industries Company Profile

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.