CF Industries (NYSE:CF) Stock Price Down 4%

Shares of CF Industries Holdings, Inc. (NYSE:CFGet Rating) dropped 4% on Thursday . The company traded as low as $84.38 and last traded at $85.00. Approximately 69,374 shares were traded during trading, a decline of 98% from the average daily volume of 3,754,062 shares. The stock had previously closed at $88.58.

CF has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on CF Industries from $91.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, March 16th. Barclays initiated coverage on CF Industries in a research note on Wednesday, June 1st. They set an “equal weight” rating and a $103.00 price target on the stock. Mizuho upped their price target on CF Industries from $81.00 to $120.00 in a research note on Friday, April 29th. Morgan Stanley upped their price target on CF Industries from $66.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 17th. Finally, Consumer Edge downgraded CF Industries from an “overweight” rating to an “equal weight” rating in a research note on Thursday, April 14th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $94.50.

The stock has a market cap of $16.96 billion, a PE ratio of 10.48, a P/E/G ratio of 0.80 and a beta of 1.02. The firm has a 50-day simple moving average of $97.18 and a 200-day simple moving average of $85.92. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 0.44.

CF Industries (NYSE:CFGet Rating) last posted its earnings results on Wednesday, May 4th. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $4.21. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.62 billion. CF Industries had a return on equity of 35.04% and a net margin of 19.73%. The business’s quarterly revenue was up 173.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 earnings per share. On average, research analysts expect that CF Industries Holdings, Inc. will post 18.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. This is an increase from CF Industries’s previous quarterly dividend of $0.30. CF Industries’s dividend payout ratio is currently 20.62%.

In related news, VP Richard A. Hoker sold 6,684 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $94.90, for a total value of $634,311.60. Following the sale, the vice president now owns 45,243 shares in the company, valued at $4,293,560.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.42% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CF. Catalyst Capital Advisors LLC grew its stake in shares of CF Industries by 64.3% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock valued at $26,000 after buying an additional 142 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of CF Industries during the first quarter valued at about $26,000. Signaturefd LLC grew its stake in shares of CF Industries by 121.1% in the fourth quarter. Signaturefd LLC now owns 398 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 218 shares during the last quarter. Lenox Wealth Advisors LLC bought a new stake in shares of CF Industries in the fourth quarter worth about $35,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new stake in shares of CF Industries in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 93.00% of the company’s stock.

CF Industries Company Profile (NYSE:CF)

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.

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