Investors 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 hours on Wednesday. $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 recent research reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of CF Industries Holdings in a research report on Thursday, June 2nd. Vetr downgraded CF Industries Holdings from a “strong-buy” rating to a “buy” rating and set a $29.50 target price on the stock. in a research report on Monday, June 20th. Morgan Stanley reaffirmed a “buy” rating and issued a $30.00 target price on shares of CF Industries Holdings in a research report on Thursday, June 16th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $28.00 target price on shares of CF Industries Holdings in a research report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. CF Industries Holdings presently has an average rating of “Hold” and a consensus target price of $33.43.
The company has a market capitalization of $6.06 billion and a P/E ratio of 32.02. The stock has a 50-day moving average of $24.51 and a 200 day moving average of $29.04.
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 Zacks’ consensus estimate of $0.68 by $0.35. During the same period in the prior year, the company earned $1.49 earnings per share. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. Analysts predict that CF Industries Holdings Inc. will post $1.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Thursday, August 11th.
In related news, Director Robert C. Arzbaecher bought 21,600 shares of CF Industries Holdings stock in a transaction dated Tuesday, August 16th. The stock was purchased at an average cost of $23.25 per share, with a total value of $502,200.00. Following the transaction, the director now directly owns 88,443 shares of the company’s stock, valued at $2,056,299.75. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
A hedge fund recently raised its stake in CF Industries Holdings stock. BlackRock Advisors LLC raised its stake in CF Industries Holdings Inc. (NYSE:CF) by 46.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 485,294 shares of the company’s stock after buying an additional 153,900 shares during the period. BlackRock Advisors LLC owned 0.21% of CF Industries Holdings worth $19,805,000 at the end of the most recent 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).