CF Industries Holdings, Inc. (CF) Shares Up 7.3%
CF Industries Holdings, Inc. (NYSE:CF) shot up 7.3% during trading on Wednesday . The company traded as high as $31.35 and last traded at $31.20. 5,988,856 shares were traded during trading, an increase of 42% from the average session volume of 4,220,060 shares. The stock had previously closed at $29.08.
A number of research firms have recently commented on CF. Piper Jaffray Companies restated a “hold” rating and set a $28.00 target price on shares of CF Industries Holdings in a research report on Tuesday. Zacks Investment Research upgraded CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Credit Suisse Group set a $30.00 price objective on CF Industries Holdings and gave the stock a “hold” rating in a report on Friday, August 4th. BidaskClub cut CF Industries Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, ValuEngine upgraded CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. CF Industries Holdings presently has an average rating of “Hold” and an average target price of $32.23.
The firm has a 50-day moving average of $29.95 and a 200 day moving average of $28.87. The company’s market cap is $7.39 billion.
CF Industries Holdings (NYSE:CF) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.18. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. On average, equities analysts predict that CF Industries Holdings, Inc. will post ($0.70) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were given a $0.30 dividend. The ex-dividend date was Friday, August 11th. This represents a $1.20 annualized dividend and a dividend yield of 3.79%. CF Industries Holdings’s dividend payout ratio is presently -75.47%.
In other news, VP Bert A. Frost sold 6,400 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in CF. ARGI Investment Services LLC boosted its position in CF Industries Holdings by 0.3% during the first quarter. ARGI Investment Services LLC now owns 31,321 shares of the basic materials company’s stock worth $919,000 after acquiring an additional 100 shares during the last quarter. Pacer Advisors Inc. boosted its position in CF Industries Holdings by 3.3% during the first quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 137 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in CF Industries Holdings by 2.0% during the second quarter. Contravisory Investment Management Inc. now owns 7,803 shares of the basic materials company’s stock worth $218,000 after acquiring an additional 153 shares during the last quarter. Sentry Investment Management LLC boosted its position in CF Industries Holdings by 1.0% during the second quarter. Sentry Investment Management LLC now owns 16,879 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 160 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in CF Industries Holdings by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the basic materials company’s stock worth $405,000 after acquiring an additional 200 shares during the last quarter.
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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