Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of CF Industries from a sell rating to a hold rating in a research note on Wednesday, February 7th. Cowen boosted their target price on shares of CF Industries from $27.00 to $33.00 and gave the company a market perform rating in a research note on Wednesday, November 8th. BMO Capital Markets boosted their target price on shares of CF Industries from $38.00 to $43.00 and gave the company a market perform rating in a research note on Friday, November 3rd. Stephens initiated coverage on shares of CF Industries in a research note on Monday, December 4th. They issued an equal weight rating and a $38.00 target price for the company. Finally, Atlantic Securities cut shares of CF Industries from a neutral rating to an underweight rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $37.09.
Shares of CF Industries (NYSE:CF) opened at $40.36 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.51 and a current ratio of 2.53. CF Industries has a 12 month low of $25.04 and a 12 month high of $43.98. The company has a market cap of $9,414.37, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 19.62 and a beta of 1.03.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, February 15th. CF Industries’s payout ratio is presently 78.95%.
In related news, Director Stephen A. Furbacher sold 3,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $36.00, for a total value of $126,000.00. Following the completion of the sale, the director now owns 50,854 shares of the company’s stock, valued at approximately $1,830,744. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Bert A. Frost sold 7,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total transaction of $273,750.00. Following the completion of the sale, the vice president now directly owns 67,232 shares of the company’s stock, valued at approximately $2,453,968. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Platinum Investment Management Ltd. purchased a new stake in shares of CF Industries during the fourth quarter worth $69,077,000. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of CF Industries by 814.1% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 832,786 shares of the basic materials company’s stock worth $35,425,000 after buying an additional 741,681 shares in the last quarter. Manning & Napier Advisors LLC grew its holdings in shares of CF Industries by 190.0% during the third quarter. Manning & Napier Advisors LLC now owns 1,116,525 shares of the basic materials company’s stock worth $39,256,000 after buying an additional 731,525 shares in the last quarter. Anchor Bolt Capital LP grew its holdings in shares of CF Industries by 679.0% during the third quarter. Anchor Bolt Capital LP now owns 711,223 shares of the basic materials company’s stock worth $25,007,000 after buying an additional 619,928 shares in the last quarter. Finally, W. E. Donoghue & Co. LLC purchased a new stake in shares of CF Industries during the second quarter worth $16,857,000.
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About CF Industries
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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