CF Industries (NYSE:CF) Trading Down 6%

CF Industries Holdings, Inc. (NYSE:CFGet Rating) shares dropped 6% during mid-day trading on Monday . The stock traded as low as $97.16 and last traded at $97.50. Approximately 14,588 shares were traded during trading, a decline of 100% from the average daily volume of 3,604,730 shares. The stock had previously closed at $103.68.

Analyst Upgrades and Downgrades

CF has been the topic of several analyst reports. Piper Sandler upped their target price on CF Industries from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Citigroup upgraded CF Industries from a “neutral” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Wednesday, August 3rd. UBS Group upped their price target on shares of CF Industries from $108.00 to $128.00 in a research report on Thursday, August 25th. Royal Bank of Canada upped their target price on shares of CF Industries from $100.00 to $110.00 and gave the company a “sector perform” rating in a report on Thursday, July 14th. Finally, Scotiabank raised shares of CF Industries from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $101.73.

CF Industries Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 3.41 and a quick ratio of 2.95. The stock’s 50-day moving average price is $97.92 and its 200-day moving average price is $96.91. The company has a market cap of $19.96 billion, a P/E ratio of 8.21, a PEG ratio of 0.90 and a beta of 1.02.

CF Industries (NYSE:CFGet Rating) last announced its earnings results on Monday, August 1st. The basic materials company reported $6.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.23 by ($0.04). CF Industries had a return on equity of 49.10% and a net margin of 25.28%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The business’s revenue for the quarter was up 113.4% on a year-over-year basis. Equities analysts anticipate that CF Industries Holdings, Inc. will post 19.17 EPS for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.60 annualized dividend and a yield of 1.60%. CF Industries’s dividend payout ratio is presently 13.11%.

Insider Buying and Selling at CF Industries

In related news, CEO W Anthony Will sold 102,520 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $110.16, for a total value of $11,293,603.20. Following the completion of the transaction, the chief executive officer now owns 322,916 shares of the company’s stock, valued at $35,572,426.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other CF Industries news, CFO Christopher D. Bohn sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $110.84, for a total transaction of $4,433,600.00. Following the completion of the transaction, the chief financial officer now directly owns 81,551 shares in the company, valued at $9,039,112.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO W Anthony Will sold 102,520 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $110.16, for a total transaction of $11,293,603.20. Following the transaction, the chief executive officer now owns 322,916 shares of the company’s stock, valued at $35,572,426.56. The disclosure for this sale can be found here. Insiders sold 166,484 shares of company stock valued at $18,431,301 in the last three months. Corporate insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On CF Industries

A number of institutional investors have recently modified their holdings of the business. Aaron Wealth Advisors LLC acquired a new position in CF Industries during the 1st quarter worth approximately $127,000. Cerity Partners LLC acquired a new position in CF Industries in the 1st quarter worth about $342,000. Friess Associates LLC acquired a new position in CF Industries in the 1st quarter worth about $130,000. MetLife Investment Management LLC increased its holdings in CF Industries by 23.1% in the 1st quarter. MetLife Investment Management LLC now owns 58,341 shares of the basic materials company’s stock worth $6,013,000 after purchasing an additional 10,955 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in CF Industries by 76.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 182,176 shares of the basic materials company’s stock worth $18,775,000 after purchasing an additional 78,796 shares in the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.

About CF Industries

(Get Rating)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

Further Reading

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