CF Industries (CF) Shares Down 8.2%

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CF Industries Holdings, Inc. (NYSE:CF)’s share price traded down 8.2% during mid-day trading on Wednesday . The company traded as low as $50.31 and last traded at $50.34. 6,333,651 shares traded hands during mid-day trading, an increase of 124% from the average session volume of 2,825,946 shares. The stock had previously closed at $54.81.

A number of equities analysts recently issued reports on the stock. Morgan Stanley set a $60.00 price target on shares of CF Industries and gave the stock a “hold” rating in a research note on Wednesday. TheStreet raised shares of CF Industries from a “c+” rating to a “b-” rating in a research note on Thursday, September 13th. Zacks Investment Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a research note on Monday, August 6th. Scotiabank reissued a “buy” rating and issued a $53.00 price target on shares of CF Industries in a research note on Friday, August 3rd. Finally, Citigroup increased their price target on shares of CF Industries from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.48.

The company has a market cap of $12.71 billion, a price-to-earnings ratio of -201.36, a P/E/G ratio of 6.36 and a beta of 0.99. The company has a current ratio of 2.80, a quick ratio of 2.26 and a debt-to-equity ratio of 0.74.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.18. CF Industries had a net margin of 13.94% and a return on equity of 1.82%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts predict that CF Industries Holdings, Inc. will post 1.43 earnings per share for the current fiscal year.

CF Industries declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to buy up to 4.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

In other CF Industries news, VP Bert A. Frost sold 10,675 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $50.31, for a total transaction of $537,059.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Adam L. Hall sold 20,256 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $48.59, for a total transaction of $984,239.04. The disclosure for this sale can be found here. Insiders have sold 40,131 shares of company stock valued at $1,976,560 in the last ninety days. Insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of CF Industries by 7.0% during the second quarter. Northern Trust Corp now owns 4,465,709 shares of the basic materials company’s stock valued at $198,278,000 after buying an additional 291,671 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of CF Industries by 3.3% during the second quarter. Van ECK Associates Corp now owns 3,218,595 shares of the basic materials company’s stock valued at $142,906,000 after buying an additional 103,834 shares during the last quarter. Manning & Napier Group LLC grew its holdings in shares of CF Industries by 700.3% during the second quarter. Manning & Napier Group LLC now owns 2,961,421 shares of the basic materials company’s stock valued at $131,485,000 after buying an additional 2,591,386 shares during the last quarter. Platinum Investment Management Ltd. grew its holdings in shares of CF Industries by 7.2% during the second quarter. Platinum Investment Management Ltd. now owns 2,671,833 shares of the basic materials company’s stock valued at $118,629,000 after buying an additional 180,300 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of CF Industries by 56.4% during the second quarter. Janus Henderson Group PLC now owns 1,298,152 shares of the basic materials company’s stock valued at $57,638,000 after buying an additional 468,073 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

CF Industries Company Profile (NYSE:CF)

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

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