CF Industries (NYSE:CF) Trading Up 4.4% After Dividend Announcement

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CF Industries Holdings, Inc. (NYSE:CFGet Rating)’s stock price was up 4.4% during mid-day trading on Friday after the company announced a dividend. The company traded as high as $84.81 and last traded at $84.20. Approximately 62,055 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 4,012,085 shares. The stock had previously closed at $80.65.

The newly announced dividend which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.89%. CF Industries’s dividend payout ratio is 20.62%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CF shares. Citigroup cut shares of CF Industries from a “buy” rating to a “neutral” rating and dropped their target price for the company from $123.00 to $99.00 in a report on Friday, June 17th. Barclays initiated coverage on shares of CF Industries in a report on Wednesday, June 1st. They issued an “equal weight” rating and a $103.00 target price on the stock. Mizuho increased their price target on shares of CF Industries from $81.00 to $120.00 in a report on Friday, April 29th. StockNews.com initiated coverage on shares of CF Industries in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Consumer Edge cut shares of CF Industries from an “overweight” rating to an “equal weight” rating in a report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.16.

CF Industries Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The business’s 50-day simple moving average is $91.66 and its two-hundred day simple moving average is $88.21.

CF Industries (NYSE:CFGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $4.21. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.62 billion. CF Industries had a net margin of 19.73% and a return on equity of 35.04%. The company’s revenue for the quarter was up 173.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share. Research analysts expect that CF Industries Holdings, Inc. will post 19.18 earnings per share for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CF. Cerity Partners LLC bought a new stake in CF Industries during the 1st quarter worth approximately $342,000. IFM Investors Pty Ltd grew its stake in CF Industries by 30.6% in the 1st quarter. IFM Investors Pty Ltd now owns 35,063 shares of the basic materials company’s stock worth $3,614,000 after buying an additional 8,218 shares in the last quarter. Xponance Inc. grew its stake in CF Industries by 3.4% in the 1st quarter. Xponance Inc. now owns 13,901 shares of the basic materials company’s stock worth $1,433,000 after buying an additional 453 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in CF Industries by 10.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,579 shares of the basic materials company’s stock worth $4,571,000 after buying an additional 5,939 shares in the last quarter. Finally, Symmetry Partners LLC purchased a new position in CF Industries in the 1st quarter worth approximately $371,000. 93.00% of the stock is currently owned by hedge funds and other institutional investors.

About CF Industries

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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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