Traders Sell Shares of CF Industries Holdings Inc. (CF) on Strength (CF)
Traders sold shares of CF Industries Holdings Inc. (NYSE:CF) on strength during trading on Tuesday. $68.36 million flowed into the stock on the tick-up and $86.96 million flowed out of the stock on the tick-down, for a money net flow of $18.60 million out of the stock. Of all equities tracked, CF Industries Holdings had the 0th highest net out-flow for the day. CF Industries Holdings traded up $1.19 for the day and closed at $26.17
CF has been the topic of a number of research analyst reports. Vetr upgraded CF Industries Holdings from a “buy” rating to a “strong-buy” rating and set a $29.50 price target on the stock in a report on Monday, June 27th. Citigroup Inc. lowered their price target on CF Industries Holdings from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, August 10th. Barclays PLC lowered their price target on CF Industries Holdings from $31.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, August 18th. Cleveland Research downgraded CF Industries Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, May 24th. Finally, Morgan Stanley reiterated a “buy” rating and set a $30.00 price target on shares of CF Industries Holdings in a report on Thursday, June 16th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. CF Industries Holdings currently has an average rating of “Hold” and a consensus price target of $33.43.
The stock has a market capitalization of $6.10 billion and a PE ratio of 32.23. The company’s 50-day moving average is $24.51 and its 200-day moving average is $29.07.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by $0.35. The company earned $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. Equities analysts expect that CF Industries Holdings Inc. will post $1.12 earnings per share for the current year.
The firm 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Thursday, August 11th.
In other CF Industries Holdings news, Director Robert C. Arzbaecher purchased 21,600 shares of CF Industries Holdings stock in a transaction that occurred on Tuesday, August 16th. The stock was 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 owns 88,443 shares of the company’s stock, valued at approximately $2,056,299.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of large investors recently modified their holdings of the company. American International Group Inc. increased its stake in shares of 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 during the period. Principal Financial Group Inc. increased its stake in shares of 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 during the period. Finally, BlackRock Advisors LLC increased its stake in shares of 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 during the period.
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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