Traders Buy CF Industries Holdings, Inc. (CF) on Weakness
Investors purchased shares of CF Industries Holdings, Inc. (NYSE:CF) on weakness during trading on Thursday. $41.25 million flowed into the stock on the tick-up and $12.22 million flowed out of the stock on the tick-down, for a money net flow of $29.03 million into the stock. Of all equities tracked, CF Industries Holdings had the 27th highest net in-flow for the day. CF Industries Holdings traded down ($1.05) for the day and closed at $29.16
A number of equities analysts have commented on CF shares. Credit Suisse Group restated a “buy” rating and set a $31.00 price objective on shares of CF Industries Holdings in a research report on Friday, April 21st. Barclays PLC restated an “equal weight” rating and set a $32.00 price objective (down previously from $34.00) on shares of CF Industries Holdings in a research report on Saturday, April 22nd. Cowen and Company set a $30.00 price objective on shares of CF Industries Holdings and gave the stock a “hold” rating in a research report on Thursday, May 4th. Royal Bank Of Canada cut their price objective on shares of CF Industries Holdings from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Friday, May 5th. Finally, UBS AG upgraded shares of CF Industries Holdings from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Friday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.58.
The company’s market capitalization is $6.80 billion. The stock’s 50-day moving average price is $29.70 and its 200 day moving average price is $29.50.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.18. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the business earned $0.33 earnings per share. CF Industries Holdings’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts forecast that CF Industries Holdings, Inc. will post ($0.70) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.12%. The ex-dividend date is Friday, August 11th. CF Industries Holdings’s dividend payout ratio (DPR) is presently -75.47%.
In other CF Industries Holdings news, VP Bert A. Frost sold 6,400 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the sale, the vice president now directly owns 59,732 shares in the company, valued at $1,883,349.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of CF. BlackRock Inc. increased its stake in CF Industries Holdings by 3,912.4% in the first quarter. BlackRock Inc. now owns 20,034,069 shares of the basic materials company’s stock valued at $587,999,000 after buying an additional 19,534,765 shares during the last quarter. Capital World Investors increased its stake in CF Industries Holdings by 21.4% in the second quarter. Capital World Investors now owns 15,203,728 shares of the basic materials company’s stock valued at $425,096,000 after buying an additional 2,675,809 shares during the last quarter. FMR LLC increased its stake in CF Industries Holdings by 12.1% in the first quarter. FMR LLC now owns 23,826,054 shares of the basic materials company’s stock valued at $699,295,000 after buying an additional 2,577,455 shares during the last quarter. Renaissance Technologies LLC bought a new stake in CF Industries Holdings during the second quarter valued at about $35,108,000. Finally, Ameriprise Financial Inc. increased its stake in CF Industries Holdings by 141.9% in the first quarter. Ameriprise Financial Inc. now owns 2,027,780 shares of the basic materials company’s stock valued at $59,515,000 after buying an additional 1,189,396 shares during the last quarter.
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CF Industries Holdings Company Profile
CF Industries Holdings, Inc manufactures and distributes 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 the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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