CF Industries (NYSE:CF) Stock Price Down 3.3%

Shares of CF Industries Holdings, Inc. (NYSE:CF - Get Free Report) dropped 3.3% on Monday . The stock traded as low as $82.09 and last traded at $82.26. Approximately 1,437,397 shares traded hands during trading, a decline of 41% from the average daily volume of 2,450,167 shares. The stock had previously closed at $85.11.

Wall Street Analyst Weigh In

CF has been the subject of several recent research reports. Piper Sandler cut CF Industries from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $87.00 to $82.00 in a research report on Thursday, February 29th. Royal Bank of Canada reissued an "outperform" rating and set a $95.00 price target on shares of CF Industries in a research report on Friday, February 16th. Barclays raised CF Industries from an "underweight" rating to an "equal weight" rating and set a $85.00 price target for the company in a research report on Friday, January 12th. Wolfe Research initiated coverage on CF Industries in a research report on Friday, March 1st. They set an "outperform" rating and a $99.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on CF Industries from $98.00 to $97.00 and set an "overweight" rating for the company in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $90.19.

CF Industries Stock Performance

The company has a market cap of $14.98 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a quick ratio of 3.44, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $80.94 and a two-hundred day moving average price of $80.02.

CF Industries (NYSE:CF - Get Free Report) last announced its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.12). The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. CF Industries's revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter last year, the business posted $4.35 EPS. On average, research analysts predict that CF Industries Holdings, Inc. will post 5.79 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. This is a positive change from CF Industries's previous quarterly dividend of $0.40. CF Industries's dividend payout ratio (DPR) is 25.51%.

Insider Transactions at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the firm's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the transaction, the executive vice president now owns 64,030 shares in the company, valued at approximately $5,442,550. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CF Industries

Large investors have recently modified their holdings of the business. Nordea Investment Management AB boosted its holdings in shares of CF Industries by 9.5% in the 3rd quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company's stock valued at $1,635,000 after purchasing an additional 1,636 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of CF Industries by 926.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company's stock valued at $15,751,000 after purchasing an additional 165,808 shares in the last quarter. Comerica Bank boosted its holdings in shares of CF Industries by 133.8% during the 3rd quarter. Comerica Bank now owns 54,551 shares of the basic materials company's stock valued at $4,677,000 after acquiring an additional 31,215 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of CF Industries during the 4th quarter valued at $1,627,000. Finally, Raymond James & Associates boosted its holdings in shares of CF Industries by 25.4% during the 4th quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company's stock valued at $10,608,000 after acquiring an additional 27,027 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.