CF Industries Holdings Inc. (CF) Shares Down 1.2%
CF Industries Holdings Inc. (NYSE:CF)’s share price dropped 1.2% during mid-day trading on Wednesday . The company traded as low as $22.88 and last traded at $23.03, with a volume of 8,185,620 shares traded. The stock had previously closed at $23.30.
CF has been the topic of a number of recent research reports. Citigroup Inc. dropped their price target on CF Industries Holdings from $34.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, July 7th. Barclays PLC dropped their price target on CF Industries Holdings from $36.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, June 23rd. Vetr downgraded CF Industries Holdings from a “strong-buy” rating to a “buy” rating and set a $29.50 price target on the stock. in a research report on Monday, June 20th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $30.00 price target on shares of CF Industries Holdings in a research report on Friday, June 3rd. Finally, Atlantic Securities downgraded CF Industries Holdings from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $24.00 in a research report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.53.
The firm has a market capitalization of $5.37 billion, a P/E ratio of 28.36 and a beta of 1.85. The company’s 50 day moving average price is $23.95 and its 200-day moving average price is $28.12.
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CF Industries Holdings (NYSE:CF) last posted its earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.35. CF Industries Holdings had a net margin of 4.55% and a return on equity of 8.04%. The business earned $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. CF Industries Holdings’s revenue for the quarter was down 13.5% compared to the same quarter last year. On average, equities analysts predict that CF Industries Holdings Inc. will post $1.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.21%. CF Industries Holdings’s dividend payout ratio is currently 148.15%.
In other CF Industries Holdings news, Director Robert C. Arzbaecher bought 21,600 shares of CF Industries Holdings stock in a transaction on Tuesday, August 16th. The shares were bought at an average price of $23.25 per share, for a total transaction of $502,200.00. Following the completion of the transaction, the director now directly owns 88,443 shares of the company’s stock, valued at $2,056,299.75. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.84% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. increased its stake in CF Industries Holdings by 7.7% in the second quarter. Pacer Advisors Inc. now owns 4,204 shares of the company’s stock valued at $101,000 after buying an additional 301 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in CF Industries Holdings by 37.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,657 shares of the company’s stock valued at $147,000 after buying an additional 1,257 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in CF Industries Holdings by 778.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,293 shares of the company’s stock valued at $151,000 after buying an additional 5,577 shares in the last quarter. Point72 Asia Hong Kong Ltd increased its stake in CF Industries Holdings by 1,200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 7,800 shares of the company’s stock valued at $188,000 after buying an additional 7,200 shares in the last quarter. Finally, First Republic Investment Management Inc. purchased a new stake in CF Industries Holdings during the first quarter valued at about $279,000. Institutional investors own 99.09% of the company’s stock.
About CF Industries Holdings
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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