CF Industries Holdings Inc. (CF) Stock Price Up 4.8%
CF Industries Holdings Inc. (NYSE:CF) shares rose 4.8% on Monday . The stock traded as high as $23.16 and last traded at $23.15, with a volume of 3,625,676 shares traded. The stock had previously closed at $22.09.
CF has been the subject of several research analyst reports. Vetr upgraded shares of CF Industries Holdings from a “buy” rating to a “strong-buy” rating and set a $29.50 price target for the company in a research report on Monday, June 27th. Barclays PLC restated an “overweight” rating and set a $40.00 price target (down previously from $43.00) on shares of CF Industries Holdings in a research report on Friday, April 22nd. Cleveland Research downgraded shares of CF Industries Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 24th. Cowen and Company cut shares of CF Industries Holdings from a “market perform” rating to an “underperform” rating and set a $25.00 price objective for the company. in a research note on Thursday, April 14th. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $30.00 price objective on shares of CF Industries Holdings in a research note on Thursday, June 16th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.03.
The firm has a market cap of $5.41 billion and a P/E ratio of 28.56. The stock has a 50 day moving average price of $25.21 and a 200-day moving average price of $29.76.
CF Industries Holdings (NYSE:CF) last announced its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by $0.35. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. The company’s revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.49 EPS. Equities research analysts predict that CF Industries Holdings Inc. will post $1.58 earnings per share for the current year.
The business also recently announced 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. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.17%.
In related news, VP Christopher D. Bohn bought 12,500 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was purchased at an average cost of $27.92 per share, for a total transaction of $349,000.00. Following the completion of the acquisition, the vice president now owns 31,718 shares in the company, valued at $885,566.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Arzbaecher bought 17,275 shares of the 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 acquisition, the director now owns 66,843 shares of the company’s stock, valued at approximately $1,878,288.30. The disclosure for this purchase can be found here.
Other large investors recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in CF Industries Holdings by 4.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 30,863 shares of the company’s stock valued at $1,260,000 after buying an additional 1,421 shares in the last quarter. I.G. Investment Management LTD. increased its stake in CF Industries Holdings by 5.5% in the fourth quarter. I.G. Investment Management LTD. now owns 36,300 shares of the company’s stock valued at $1,481,000 after buying an additional 1,878 shares in the last quarter. Braver Wealth Management LLC acquired a new stake in CF Industries Holdings during the fourth quarter valued at about $1,927,000. Cornerstone Capital Management Holdings LLC. increased its stake in CF Industries Holdings by 6.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 55,395 shares of the company’s stock valued at $2,261,000 after buying an additional 3,318 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in CF Industries Holdings by 17.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 58,303 shares of the company’s stock valued at $3,130,000 after buying an additional 8,610 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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