California Public Employees Retirement System Has $46.40 Million Stock Holdings in CF Industries Holdings, Inc. $CF

California Public Employees Retirement System trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 11.6% in the first quarter, HoldingsChannel.com reports. The fund owned 357,358 shares of the basic materials company’s stock after selling 47,074 shares during the quarter. California Public Employees Retirement System’s holdings in CF Industries were worth $46,399,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. KBC Group NV lifted its stake in CF Industries by 26.9% in the 4th quarter. KBC Group NV now owns 1,170,171 shares of the basic materials company’s stock valued at $90,501,000 after purchasing an additional 248,020 shares during the last quarter. BDF Gestion bought a new stake in shares of CF Industries during the fourth quarter worth $1,779,000. Polianta Ltd acquired a new position in shares of CF Industries during the fourth quarter worth $1,484,000. Cambiar Investors LLC bought a new position in shares of CF Industries in the 4th quarter valued at $4,166,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of CF Industries in the 4th quarter valued at $11,556,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Up 1.8%

Shares of NYSE:CF opened at $123.64 on Tuesday. The firm has a market cap of $18.99 billion, a P/E ratio of 11.11 and a beta of 0.40. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The business has a fifty day simple moving average of $114.28 and a 200 day simple moving average of $109.84.

CF Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. CF Industries’s payout ratio is currently 17.97%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CF shares. Scotiabank upgraded CF Industries from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $120.00 to $125.00 in a research report on Tuesday, June 30th. Barclays increased their target price on CF Industries from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. HSBC cut their price target on CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. Wall Street Zen cut CF Industries from a “buy” rating to a “hold” rating in a report on Saturday. Finally, BNP Paribas Exane lowered their price objective on CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and an average target price of $116.62.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.