CF Industries (NYSE:CF) Trading Down 4.2% – Here’s What Happened

CF Industries Holdings, Inc. (NYSE:CF)’s stock price fell 4.2% on Monday . The stock traded as low as $119.89 and last traded at $119.98. 684,351 shares traded hands during trading, a decline of 80% from the average daily volume of 3,483,533 shares. The stock had previously closed at $125.19.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Bank of America increased their target price on shares of CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Barclays boosted their price target on shares of CF Industries from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Morgan Stanley decreased their price objective on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Industries in a report on Monday, June 29th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $129.00 target price on shares of CF Industries in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, CF Industries has an average rating of “Hold” and a consensus target price of $116.69.

CF Industries Price Performance

The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 10.65 and a beta of 0.40. The company has a fifty day moving average price of $114.27 and a two-hundred day moving average price of $112.70.

CF Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a $0.60 dividend. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 14th. This represents a $2.40 annualized dividend and a yield of 2.0%. CF Industries’s payout ratio is currently 21.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC raised its holdings in shares of CF Industries by 3.6% in the second quarter. Wedge Capital Management L L P NC now owns 106,966 shares of the basic materials company’s stock valued at $11,580,000 after buying an additional 3,701 shares during the last quarter. Insight Wealth Strategies LLC acquired a new stake in shares of CF Industries during the second quarter worth about $5,931,000. Tema ETFs LLC grew its holdings in shares of CF Industries by 9.4% during the second quarter. Tema ETFs LLC now owns 5,051 shares of the basic materials company’s stock worth $547,000 after buying an additional 435 shares during the last quarter. E. Ohman J or Asset Management AB grew its holdings in shares of CF Industries by 73.7% during the second quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the basic materials company’s stock worth $715,000 after buying an additional 2,800 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in CF Industries in the 2nd quarter valued at about $65,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

About CF Industries

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.