CF Industries (NYSE:CF) Sets New 52-Week High – Here’s What Happened

CF Industries Holdings, Inc. (NYSE:CF) shares hit a new 52-week high during trading on Monday . The stock traded as high as $91.06 and last traded at $90.98, with a volume of 761241 shares traded. The stock had previously closed at $89.66.

Analyst Ratings Changes

A number of research firms recently weighed in on CF. Scotiabank upped their price target on CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. Barclays raised their price target on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Piper Sandler raised their target price on shares of CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Royal Bank of Canada boosted their price objective on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Redburn Atlantic assumed coverage on shares of CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $88.42.

CF Industries Trading Down 2.8 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The company’s fifty day moving average is $86.30 and its two-hundred day moving average is $80.10. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.40 and a beta of 0.98.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. CF Industries’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 6.32 EPS for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.19%. CF Industries’s payout ratio is currently 31.65%.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the sale, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. This represents a 2.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,701 shares of company stock worth $2,052,704. 0.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CF Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in CF. Franklin Resources Inc. raised its holdings in shares of CF Industries by 13.4% in the 3rd quarter. Franklin Resources Inc. now owns 245,742 shares of the basic materials company’s stock worth $21,380,000 after acquiring an additional 29,101 shares during the last quarter. Tidal Investments LLC grew its position in shares of CF Industries by 94.7% during the 3rd quarter. Tidal Investments LLC now owns 40,616 shares of the basic materials company’s stock valued at $3,485,000 after purchasing an additional 19,760 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of CF Industries during the 3rd quarter valued at $993,000. Sanctuary Advisors LLC lifted its holdings in shares of CF Industries by 4.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,939 shares of the basic materials company’s stock worth $1,521,000 after acquiring an additional 731 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co lifted its stake in CF Industries by 8.7% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 28,364 shares of the basic materials company’s stock worth $2,434,000 after purchasing an additional 2,270 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.