CF Industries Holdings Inc. (CF) Trading Up 3.7%
CF Industries Holdings Inc. (NYSE:CF) shares were up 3.7% during mid-day trading on Monday . The company traded as high as $24.94 and last traded at $24.87, with a volume of 2,418,958 shares. The stock had previously closed at $23.98.
A number of research analysts have recently issued reports on CF shares. Vetr upgraded shares of CF Industries Holdings from a “buy” rating to a “strong-buy” rating and set a $29.50 price target on the stock in a research note on Monday, June 27th. Citigroup Inc. lowered their target price on shares of CF Industries Holdings from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 10th. Barclays PLC lowered their target price on shares of CF Industries Holdings from $31.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, August 18th. Cleveland Research lowered shares of CF Industries Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 24th. Finally, Morgan Stanley restated a “buy” rating and set a $30.00 target price on shares of CF Industries Holdings in a research 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 given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.43.
The firm has a market cap of $6.08 billion and a price-to-earnings ratio of 32.12. The company’s 50-day moving average price is $24.51 and its 200 day moving average price is $29.07.
CF Industries Holdings (NYSE:CF) last released its 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. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. CF Industries Holdings’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.49 earnings per share. On average, analysts forecast that CF Industries Holdings Inc. will post $1.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be given 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 related news, Director Robert C. Arzbaecher acquired 21,600 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were purchased 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 owns 88,443 shares of the company’s stock, valued at approximately $2,056,299.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of hedge funds and institutional investors recently made changes to their positions in CF. BlackRock Advisors LLC increased its position 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 worth $19,805,000 after buying an additional 153,900 shares during the last quarter. Principal Financial Group Inc. increased its position 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 worth $14,273,000 after buying an additional 3,233 shares during the last quarter. Finally, American International Group Inc. increased its position 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 worth $4,084,000 after buying an additional 1,803 shares during 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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