CF Industries Holdings Inc. (CF) Shares Gap Up to $23.69
CF Industries Holdings Inc. (NYSE:CF) shares gapped up before the market opened on Tuesday . The stock had previously closed at $23.05, but opened at $23.69. CF Industries Holdings shares last traded at $24.90, with a volume of 5,627,375 shares traded.
Several research firms have issued reports on CF. Morgan Stanley set a $24.00 price objective on CF Industries Holdings and gave the stock a “hold” rating in a report on Friday, August 5th. Vetr raised CF Industries Holdings from a “hold” rating to a “buy” rating and set a $31.86 price objective on the stock in a report on Monday, June 13th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $30.00 price objective on shares of CF Industries Holdings in a report on Friday, June 3rd. Credit Suisse Group AG reaffirmed a “buy” rating on shares of CF Industries Holdings in a report on Thursday, June 2nd. Finally, Scotiabank downgraded CF Industries Holdings from an “outperform” rating to a “sector perform” rating in a report on Tuesday, May 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. CF Industries Holdings currently has an average rating of “Hold” and an average target price of $33.43.
The company has a 50-day moving average price of $24.42 and a 200-day moving average price of $29.21. The firm has a market capitalization of $5.79 billion and a P/E ratio of 30.58.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.68 by $0.35. During the same period in the prior year, the business posted $1.49 earnings per share. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. The company’s quarterly revenue was down 13.5% on a year-over-year basis. Analysts anticipate that CF Industries Holdings Inc. will post $1.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Thursday, August 11th.
In other CF Industries Holdings news, Director Robert C. Arzbaecher bought 21,600 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was bought at an average cost of $23.25 per share, with a total value of $502,200.00. Following the completion of the transaction, the director now directly owns 88,443 shares in the company, valued at approximately $2,056,299.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Several large investors have bought and sold shares of the company. American International Group Inc. increased its stake 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 during the last quarter. Principal Financial Group Inc. increased its stake 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 during the last quarter. Employees Retirement System of Texas increased its stake in CF Industries Holdings by 9.4% in the fourth quarter. Employees Retirement System of Texas now owns 122,000 shares of the company’s stock valued at $4,979,000 after buying an additional 10,500 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in CF Industries Holdings by 5.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 412,832 shares of the company’s stock valued at $16,848,000 after buying an additional 19,474 shares during the last quarter. Finally, Braver Wealth Management LLC acquired a new stake in CF Industries Holdings during the fourth quarter valued at approximately $1,927,000.
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).