Municipal Employees Retirement System of Michigan decreased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 18.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,030 shares of the basic materials company’s stock after selling 1,370 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in CF Industries were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CF. Janney Montgomery Scott LLC purchased a new stake in CF Industries during the 2nd quarter worth about $479,000. IFP Advisors Inc increased its holdings in shares of CF Industries by 2.7% in the 2nd quarter. IFP Advisors Inc now owns 11,666 shares of the basic materials company’s stock valued at $326,000 after acquiring an additional 309 shares during the last quarter. Retirement Systems of Alabama increased its holdings in shares of CF Industries by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 113,033 shares of the basic materials company’s stock valued at $3,160,000 after acquiring an additional 349 shares during the last quarter. Global X Management Co. LLC increased its holdings in shares of CF Industries by 12.1% in the 2nd quarter. Global X Management Co. LLC now owns 26,112 shares of the basic materials company’s stock valued at $730,000 after acquiring an additional 2,823 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of CF Industries by 2,035.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 65,465 shares of the basic materials company’s stock valued at $1,830,000 after acquiring an additional 62,400 shares during the last quarter.

In other CF Industries news, VP Bert A. Frost sold 7,500 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total transaction of $273,750.00. Following the completion of the sale, the vice president now directly owns 67,232 shares of the company’s stock, valued at approximately $2,453,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen A. Furbacher sold 3,500 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the sale, the director now directly owns 50,854 shares of the company’s stock, valued at $1,830,744. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Shares of CF Industries Holdings, Inc. (NYSE CF) opened at $41.26 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.80. CF Industries Holdings, Inc. has a 1 year low of $25.04 and a 1 year high of $41.80.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $733.63 million. CF Industries had a negative net margin of 10.95% and a negative return on equity of 2.29%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. equities research analysts anticipate that CF Industries Holdings, Inc. will post -0.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were given a $0.30 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.91%. CF Industries’s dividend payout ratio (DPR) is presently -65.57%.

A number of research analysts have recently commented on CF shares. UBS reiterated a “buy” rating and issued a $40.00 price objective (up previously from $33.00) on shares of CF Industries in a report on Wednesday, October 4th. Cowen increased their price objective on CF Industries from $27.00 to $33.00 and gave the company a “market perform” rating in a report on Wednesday, November 8th. started coverage on CF Industries in a report on Wednesday, October 11th. They issued a “hold” rating and a $36.30 price objective on the stock. Zacks Investment Research upgraded CF Industries from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, November 14th. Finally, Piper Jaffray Companies set a $28.00 price objective on CF Industries and gave the company a “hold” rating in a report on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. CF Industries has an average rating of “Hold” and a consensus target price of $34.95.

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CF Industries Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).

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

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