Alaska Permanent Fund Corp Sells 5,716 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Alaska Permanent Fund Corp trimmed its position in CF Industries Holdings, Inc. (NYSE:CF) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,584 shares of the basic materials company’s stock after selling 5,716 shares during the period. Alaska Permanent Fund Corp’s holdings in CF Industries were worth $2,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of CF Industries in the 4th quarter worth about $29,000. ORG Partners LLC increased its stake in shares of CF Industries by 428.6% during the third quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of CF Industries during the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. bought a new stake in shares of CF Industries in the 4th quarter worth approximately $36,000. Finally, Larson Financial Group LLC purchased a new stake in shares of CF Industries in the 3rd quarter worth approximately $50,000. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wolfe Research assumed coverage on CF Industries in a research note on Friday, March 1st. They set an “outperform” rating and a $99.00 price objective for the company. UBS Group cut shares of CF Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $95.00 to $83.00 in a research note on Wednesday, January 31st. Bank of America reissued a “neutral” rating and set a $88.00 price objective (down from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of CF Industries in a report on Friday, February 16th. Finally, Wells Fargo & Company cut their price target on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.47.

Insiders Place Their Bets

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the transaction, the executive vice president now owns 64,030 shares in the company, valued at $5,442,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.42% of the company’s stock.

CF Industries Price Performance

CF stock traded down $0.55 during midday trading on Thursday, hitting $78.70. The company’s stock had a trading volume of 149,739 shares, compared to its average volume of 2,451,253. The company has a quick ratio of 3.44, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. CF Industries Holdings, Inc. has a 12 month low of $60.08 and a 12 month high of $87.90. The company has a 50 day moving average of $81.46 and a two-hundred day moving average of $79.67. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.03.

CF Industries (NYSE:CF) last issued its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. CF Industries’s revenue was down 39.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.35 EPS. On average, analysts expect that CF Industries Holdings, Inc. will post 5.86 EPS for the current year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.54%. CF Industries’s payout ratio is 25.51%.

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.