CF Industries (CF) Sets New 12-Month High at $39.54
CF Industries Holdings, Inc. (NYSE:CF)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $39.54 and last traded at $38.22, with a volume of 2349900 shares. The stock had previously closed at $36.55.
Several equities research analysts recently weighed in on CF shares. Stephens initiated coverage on CF Industries in a report on Monday. They set an “equal weight” rating and a $38.00 price objective on the stock. Cowen lifted their target price on CF Industries from $27.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, November 8th. BMO Capital Markets reissued an “outperform” rating and issued a $38.00 price objective (up from $35.00) on shares of CF Industries in a research report on Friday, October 6th. UBS reissued a “buy” rating and issued a $40.00 price objective (up from $33.00) on shares of CF Industries in a research report on Wednesday, October 4th. Finally, Zacks Investment Research lowered CF Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. CF Industries currently has a consensus rating of “Hold” and an average target price of $34.95.
The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.80.
CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $733.63 million. CF Industries had a negative return on equity of 2.29% and a negative net margin of 10.95%. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. equities analysts anticipate that CF Industries Holdings, Inc. will post -0.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, November 14th. CF Industries’s dividend payout ratio is currently -65.57%.
In other news, VP Bert A. Frost sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total value of $273,750.00. Following the transaction, the vice president now owns 67,232 shares in the company, valued at approximately $2,453,968. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen A. Furbacher sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the completion of the transaction, the director now owns 50,854 shares in the company, valued at approximately $1,830,744. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in CF. Sentry Investment Management LLC lifted its position in shares of CF Industries 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 in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of CF Industries 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 in the last quarter. Argent Trust Co lifted its position in shares of CF Industries by 3.0% during the second quarter. Argent Trust Co now owns 7,545 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 223 shares in the last quarter. Peddock Capital Advisors LLC lifted its position in shares of CF Industries by 1.6% during the second quarter. Peddock Capital Advisors LLC now owns 16,907 shares of the basic materials company’s stock worth $473,000 after acquiring an additional 268 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of CF Industries by 2.7% during the second quarter. IFP Advisors Inc now owns 11,666 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 309 shares in the last quarter.
CF Industries 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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