Key Points
- Insider sale: CF Industries EVP Susan Menzel sold 3,215 shares at an average price of $97 on Feb. 26 for $311,855, trimming her stake by 3.53% to 87,861 shares valued at about $8.52 million.
- Strong quarter and dividend: CF beat estimates with Q EPS of $2.59 (vs. $2.53) and revenue of $1.87B (up 22.8% YoY), and declared a $0.50 quarterly dividend ($2.00 annualized, a 2.0% yield).
CF Industries Holdings, Inc. (NYSE:CF - Get Free Report) EVP Susan Menzel sold 3,215 shares of the business's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $97.00, for a total transaction of $311,855.00. Following the transaction, the executive vice president owned 87,861 shares in the company, valued at $8,522,517. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
CF Industries Trading Up 2.4%
Shares of NYSE:CF opened at $99.46 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.93 and a current ratio of 3.37. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $105.27. The company has a 50-day simple moving average of $88.34 and a 200 day simple moving average of $85.54. The company has a market capitalization of $15.51 billion, a P/E ratio of 11.05 and a beta of 0.70.
CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share for the quarter, topping analysts' consensus estimates of $2.53 by $0.06. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the firm earned $1.89 EPS. The firm's revenue was up 22.8% compared to the same quarter last year. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.
CF Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.50 dividend. The ex-dividend date was Friday, February 13th. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. CF Industries's dividend payout ratio is 22.22%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CF. BNP Paribas Exane upped their target price on CF Industries from $90.00 to $95.00 and gave the company a "neutral" rating in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce restated a "neutral" rating and issued a $100.00 price target on shares of CF Industries in a research note on Friday, February 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CF Industries in a report on Monday, December 29th. Wells Fargo & Company lifted their target price on CF Industries from $100.00 to $113.00 and gave the stock an "overweight" rating in a report on Friday, February 20th. Finally, Scotiabank boosted their target price on shares of CF Industries from $82.00 to $85.00 and gave the company a "sector perform" rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $95.53.
Check Out Our Latest Stock Analysis on CF Industries
Hedge Funds Weigh In On CF Industries
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its position in shares of CF Industries by 78.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company's stock worth $26,000 after acquiring an additional 128 shares in the last quarter. True Wealth Design LLC lifted its stake in CF Industries by 396.2% during the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company's stock worth $35,000 after purchasing an additional 309 shares during the last quarter. Eastern Bank acquired a new stake in shares of CF Industries in the 3rd quarter valued at $35,000. Hantz Financial Services Inc. increased its stake in shares of CF Industries by 46.3% in the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Finally, Peterson Wealth Services lifted its position in shares of CF Industries by 451.3% during the 3rd quarter. Peterson Wealth Services now owns 441 shares of the basic materials company's stock worth $40,000 after buying an additional 361 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.
CF Industries Company Profile
(
Get Free Report)
CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.
Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.
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