CF Industries Holdings Inc. Plans Quarterly Dividend of $0.30 (CF)
CF Industries Holdings Inc. (NYSE:CF) declared a quarterly dividend on Tuesday, October 11th. Stockholders of record on Tuesday, November 15th will be paid a dividend of 0.30 per share on Wednesday, November 30th. This represents a $1.20 annualized dividend and a dividend yield of 5.12%.
CF Industries Holdings (NYSE:CF) opened at 23.46 on Wednesday. The stock has a 50 day moving average price of $24.37 and a 200 day moving average price of $27.03. CF Industries Holdings has a 52 week low of $20.77 and a 52 week high of $54.27. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 28.89 and a beta of 1.62.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the 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 firm earned $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the company posted $1.49 EPS. CF Industries Holdings’s revenue for the quarter was down 13.5% on a year-over-year basis. On average, equities analysts forecast that CF Industries Holdings will post $1.06 earnings per share for the current year.
In other CF Industries Holdings news, Director Robert C. Arzbaecher purchased 21,600 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was acquired at an average cost of $23.25 per share, for a total transaction of $502,200.00. Following the completion of the transaction, the director now directly owns 88,443 shares in the company, valued at approximately $2,056,299.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.84% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Advantus Capital Management Inc raised its stake in CF Industries Holdings by 0.3% in the second quarter. Advantus Capital Management Inc now owns 22,458 shares of the company’s stock valued at $541,000 after buying an additional 65 shares during the last quarter. Pacer Advisors Inc. raised its stake in CF Industries Holdings by 7.7% in the second quarter. Pacer Advisors Inc. now owns 4,204 shares of the company’s stock valued at $101,000 after buying an additional 301 shares during the last quarter. TCW Group Inc. raised its stake in CF Industries Holdings by 4.9% in the second quarter. TCW Group Inc. now owns 17,100 shares of the company’s stock valued at $412,000 after buying an additional 800 shares during the last quarter. BOKF NA raised its stake in CF Industries Holdings by 4.7% in the second quarter. BOKF NA now owns 24,260 shares of the company’s stock valued at $584,000 after buying an additional 1,084 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in CF Industries Holdings by 9.3% in the second quarter. Mackenzie Financial Corp now owns 16,219 shares of the company’s stock valued at $391,000 after buying an additional 1,379 shares during the last quarter. Institutional investors and hedge funds own 99.09% of the company’s stock.
CF has been the topic of several research analyst reports. Morgan Stanley reiterated a “buy” rating and issued a $30.00 price objective on shares of CF Industries Holdings in a research note on Thursday, June 16th. Vetr downgraded CF Industries Holdings from a “strong-buy” rating to a “buy” rating and set a $29.50 price objective on the stock. in a research note on Monday, June 20th. Barclays PLC dropped their price objective 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. dropped their price objective 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 objective 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 given a buy rating and one has issued a strong buy rating to the company. CF Industries Holdings currently has an average rating of “Hold” and a consensus price target of $32.71.
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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