CF Industries Holdings Inc. Announces Quarterly Dividend of $0.30 (CF)
CF Industries Holdings Inc. (NYSE:CF) declared a quarterly dividend on Tuesday, October 11th. Shareholders of record on Tuesday, November 15th will be given a dividend of 0.30 per share on Wednesday, November 30th. This represents a $1.20 annualized dividend and a yield of 5.12%.
CF Industries Holdings (NYSE:CF) traded down 1.68% during trading on Tuesday, reaching $23.46. The company’s stock had a trading volume of 4,050,635 shares. CF Industries Holdings has a 52-week low of $20.77 and a 52-week high of $54.27. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 28.89 and a beta of 1.62. The firm has a 50 day moving average price of $24.37 and a 200-day moving average price of $27.06.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.35. CF Industries Holdings had a net margin of 4.55% and a return on equity of 8.04%. The business earned $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The company’s revenue for the quarter was down 13.5% on a year-over-year basis. On average, analysts expect that CF Industries Holdings will post $1.06 earnings per share for the current year.
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Several equities analysts have recently issued reports on CF shares. Vetr upgraded CF Industries Holdings from a “hold” rating to a “buy” rating and set a $31.86 price target on the stock in a research note on Monday, June 13th. Morgan Stanley reiterated a “buy” rating and issued a $30.00 price target on shares of CF Industries Holdings in a research note on Thursday, June 16th. Barclays PLC decreased their price target on CF Industries Holdings from $36.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, June 23rd. Citigroup Inc. decreased their price target on CF Industries Holdings from $34.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Finally, BMO Capital Markets upgraded CF Industries Holdings from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Friday, July 8th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $32.71.
In other news, Director Robert C. Arzbaecher purchased 21,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were acquired at an average cost of $23.25 per share, with a total value of $502,200.00. Following the purchase, the director now owns 88,443 shares in the company, valued at $2,056,299.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.84% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CF. Point72 Asia Hong Kong Ltd raised its stake in shares of CF Industries Holdings by 1,200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 7,800 shares of the company’s stock worth $188,000 after buying an additional 7,200 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of CF Industries Holdings by 76.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,772 shares of the company’s stock worth $3,465,000 after buying an additional 62,100 shares in the last quarter. Arizona State Retirement System raised its stake in shares of CF Industries Holdings by 28.6% in the second quarter. Arizona State Retirement System now owns 81,315 shares of the company’s stock worth $1,960,000 after buying an additional 18,100 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of CF Industries Holdings during the second quarter worth approximately $6,022,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of CF Industries Holdings by 691.4% in the second quarter. Cubist Systematic Strategies LLC now owns 115,117 shares of the company’s stock worth $2,774,000 after buying an additional 100,571 shares in the last quarter. 99.09% of the stock is currently owned by institutional investors and hedge funds.
CF Industries Holdings Company Profile
CF Industries Holdings, Inc is the manufacturer and distributor of 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 its industrial customers, and compound fertilizer products (NPKs).
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