CF Industries Holdings Inc. (CF) Sees Strong Trading Volume
CF Industries Holdings Inc. (NYSE:CF) saw unusually-strong trading volume on Tuesday . Approximately 9,545,884 shares changed hands during mid-day trading, an increase of 29% from the previous session’s volume of 7,397,616 shares.The stock last traded at $25.99 and had previously closed at $24.98.
A number of equities research analysts have recently issued reports on CF shares. Vetr downgraded shares of CF Industries Holdings from a “buy” rating to a “hold” rating and set a $35.53 price target on the stock. in a research note on Monday, May 2nd. Bank of America Corp. downgraded shares of CF Industries Holdings from a “neutral” rating to an “underperform” rating and set a $29.00 target price on the stock. in a research note on Tuesday, May 24th. Scotiabank downgraded shares of CF Industries Holdings from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 24th. Cleveland Research downgraded shares of CF Industries Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 target price on shares of CF Industries Holdings in a research note on Wednesday, May 25th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $33.43.
The stock has a market capitalization of $6.10 billion and a P/E ratio of 32.23. The company has a 50-day moving average price of $24.51 and a 200 day moving average price of $29.07.
CF Industries Holdings (NYSE:CF) last announced its earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.68 by $0.35. The firm earned $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the firm earned $1.49 EPS. The business’s revenue was down 13.5% on a year-over-year basis. Analysts expect that CF Industries Holdings Inc. will post $1.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, August 11th.
In other news, Director Robert C. Arzbaecher purchased 21,600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were acquired at an average price of $23.25 per share, for a total transaction of $502,200.00. Following the completion of the acquisition, the director now directly owns 88,443 shares in the company, valued at $2,056,299.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of institutional investors have recently bought and sold shares of the stock. American International Group Inc. boosted its position in CF Industries Holdings by 1.8% in the fourth quarter. American International Group Inc. now owns 100,050 shares of the company’s stock valued at $4,084,000 after buying an additional 1,803 shares in the last quarter. BlackRock Advisors LLC boosted its position in CF Industries Holdings by 46.4% in the fourth quarter. BlackRock Advisors LLC now owns 485,294 shares of the company’s stock valued at $19,805,000 after buying an additional 153,900 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in CF Industries Holdings by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 349,747 shares of the company’s stock valued at $14,273,000 after buying an additional 3,233 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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