State of Alaska Department of Revenue Purchases 170,986 Shares of CF Industries Holdings, Inc. $CF

State of Alaska Department of Revenue grew its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 415.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,101 shares of the basic materials company’s stock after buying an additional 170,986 shares during the period. State of Alaska Department of Revenue’s holdings in CF Industries were worth $26,283,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in CF Industries in the 2nd quarter worth about $1,410,607,000. Dimensional Fund Advisors LP lifted its holdings in CF Industries by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after purchasing an additional 146,682 shares during the last quarter. Bank of America Corp DE lifted its holdings in CF Industries by 8.4% during the first quarter. Bank of America Corp DE now owns 2,048,671 shares of the basic materials company’s stock valued at $265,999,000 after purchasing an additional 158,119 shares during the last quarter. Bank of New York Mellon Corp bought a new position in CF Industries during the second quarter worth about $198,857,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CF Industries by 1.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,747,078 shares of the basic materials company’s stock worth $189,139,000 after purchasing an additional 32,293 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CF shares. HSBC lowered their price target on shares of CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. KeyCorp assumed coverage on shares of CF Industries in a report on Thursday, September 10th. They issued an “underweight” rating and a $115.00 price objective for the company. The Goldman Sachs Group reduced their price objective on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, June 23rd. set a $115.00 price objective on shares of CF Industries and gave the company a “sector perform” rating in a research note on Monday, October 5th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $129.00 target price on shares of CF Industries in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $121.11.

CF Industries Price Performance

NYSE CF traded up $0.51 during trading hours on Thursday, hitting $119.97. The company had a trading volume of 1,534,229 shares, compared to its average volume of 3,260,683. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. The firm has a market capitalization of $18.16 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.23 and a beta of 0.53. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The firm has a 50 day simple moving average of $123.60 and a 200 day simple moving average of $120.42.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the company earned $2.37 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts expect that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, November 16th. CF Industries’s dividend payout ratio (DPR) is 17.79%.

About CF Industries

CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.