Sanford C. Bernstein downgraded shares of CF Industries (NYSE:CF) from a market perform rating to an underperform rating in a report released on Monday, The Fly reports.
Several other equities analysts have also recently weighed in on CF. ValuEngine cut shares of CF Industries from a buy rating to a hold rating in a research note on Tuesday, December 3rd. Royal Bank of Canada cut their target price on shares of CF Industries from $48.00 to $44.00 and set a sector perform rating for the company in a research report on Friday, November 1st. Bank of America raised shares of CF Industries from a neutral rating to a buy rating and set a $56.00 target price for the company in a report on Monday, November 25th. Barclays set a $52.00 price target on shares of CF Industries and gave the stock a hold rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus dropped their price target on shares of CF Industries from $48.00 to $46.00 and set a hold rating on the stock in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. CF Industries presently has an average rating of Hold and an average target price of $51.96.
NYSE CF opened at $45.40 on Monday. CF Industries has a one year low of $38.90 and a one year high of $55.15. The stock has a 50-day moving average of $46.00 and a 200 day moving average of $46.96. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.10 and a current ratio of 1.34. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 3.36 and a beta of 0.95.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. CF Industries’s dividend payout ratio (DPR) is presently 96.77%.
In other news, VP Bert A. Frost sold 13,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $45.50, for a total value of $591,500.00. Following the completion of the transaction, the vice president now owns 95,072 shares of the company’s stock, valued at $4,325,776. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen A. Furbacher sold 3,500 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $47.50, for a total value of $166,250.00. Following the sale, the director now owns 49,187 shares of the company’s stock, valued at approximately $2,336,382.50. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Nuveen Asset Management LLC grew its holdings in CF Industries by 190.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,287,101 shares of the basic materials company’s stock valued at $106,831,000 after buying an additional 1,500,191 shares in the last quarter. ARP Americas LP grew its stake in CF Industries by 257.5% during the third quarter. ARP Americas LP now owns 26,100 shares of the basic materials company’s stock valued at $1,284,000 after acquiring an additional 18,800 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in CF Industries in the 2nd quarter valued at $85,000. New York State Teachers Retirement System increased its holdings in CF Industries by 4.8% in the 3rd quarter. New York State Teachers Retirement System now owns 333,709 shares of the basic materials company’s stock valued at $16,418,000 after acquiring an additional 15,429 shares during the last quarter. Finally, Eminence Capital LP increased its holdings in CF Industries by 12.9% in the 2nd quarter. Eminence Capital LP now owns 4,506,740 shares of the basic materials company’s stock valued at $210,510,000 after acquiring an additional 514,001 shares during the last quarter. 93.71% of the stock is currently owned by institutional investors.
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
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