CF Industries Holdings Inc. (CF) Trading Up 5.8%
CF Industries Holdings Inc. (NYSE:CF)’s share price was up 5.8% on Friday . The stock traded as high as $24.92 and last traded at $24.86, with a volume of 1,983,705 shares changing hands. The stock had previously closed at $23.50.
Several equities analysts have weighed in on CF shares. Barclays PLC reaffirmed an “overweight” rating and issued a $40.00 price objective (down from $43.00) on shares of CF Industries Holdings in a report on Friday, April 22nd. Piper Jaffray Cos. cut CF Industries Holdings from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $40.00 to $34.00 in a report on Monday, March 28th. Citigroup Inc. dropped their price objective on CF Industries Holdings from $34.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday. Vetr raised CF Industries Holdings from a “buy” rating to a “strong-buy” rating and set a $35.53 price objective for the company in a report on Monday, May 9th. Finally, Zacks Investment Research raised CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.53.
The stock has a market capitalization of $5.79 billion and a price-to-earnings ratio of 11.80. The stock has a 50-day moving average price of $27.31 and a 200 day moving average price of $31.44.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.05. During the same period last year, the business posted $4.79 earnings per share. The business earned $1,000 million during the quarter, compared to analyst estimates of $862.38 million. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts forecast that CF Industries Holdings Inc. will post $1.84 earnings per share for the current year.
In other CF Industries Holdings news, Director Robert C. Arzbaecher acquired 17,275 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The stock was bought at an average price of $28.10 per share, with a total value of $485,427.50. Following the completion of the purchase, the director now owns 66,843 shares of the company’s stock, valued at $1,878,288.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher D. Bohn acquired 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The shares were acquired at an average cost of $27.92 per share, with a total value of $349,000.00. Following the purchase, the vice president now directly owns 31,718 shares of the company’s stock, valued at approximately $885,566.56. The disclosure for this purchase can be found here.
Other large investors have bought and sold shares of the company. Russell Frank Co raised its stake in CF Industries Holdings by 70.5% in the fourth quarter. Russell Frank Co now owns 445,801 shares of the company’s stock valued at $18,348,000 after buying an additional 184,390 shares in the last quarter. World Asset Management Inc raised its stake in CF Industries Holdings by 1.6% in the fourth quarter. World Asset Management Inc now owns 26,165 shares of the company’s stock valued at $1,068,000 after buying an additional 423 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in CF Industries Holdings during the fourth quarter valued at about $9,205,000. Swiss National Bank raised its stake in CF Industries Holdings by 0.6% in the fourth quarter. Swiss National Bank now owns 422,740 shares of the company’s stock valued at $17,252,000 after buying an additional 2,700 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in CF Industries Holdings by 100.1% in the fourth quarter. First Trust Advisors LP now owns 276,443 shares of the company’s stock valued at $11,282,000 after buying an additional 138,319 shares in the last quarter.
CF Industries Holdings, Inc is the manufacturer and distributor of 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 its industrial customers, and compound fertilizer products (NPKs).
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