CF Industries (NYSE:CF) Trading Down 3.3% – Time to Sell?

CF Industries Holdings, Inc. (NYSE:CF) shares fell 3.3% during trading on Monday . The company traded as low as $119.14 and last traded at $120.99. 296,313 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 3,529,214 shares. The stock had previously closed at $125.07.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CF. Royal Bank Of Canada lowered their price objective on CF Industries from $125.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Friday, July 17th. HSBC decreased their target price on shares of CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. UBS Group dropped their price target on shares of CF Industries from $140.00 to $130.00 in a research report on Friday, May 8th. Mizuho increased their price objective on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a research note on Tuesday, March 31st. Finally, Morgan Stanley decreased their price objective on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $116.69.

CF Industries Trading Up 2.8%

The stock has a fifty day moving average of $114.05 and a 200 day moving average of $111.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. The company has a market capitalization of $18.91 billion, a PE ratio of 11.06 and a beta of 0.40.

CF Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, August 14th. This is an increase from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. CF Industries’s dividend payout ratio (DPR) is 17.97%.

Hedge Funds Weigh In On CF Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Himension Capital Singapore PTE. LTD. purchased a new position in CF Industries during the first quarter valued at $25,000. Hantz Financial Services Inc. lifted its stake in CF Industries by 46.3% in the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 156 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in CF Industries in the 4th quarter worth $43,000. WPG Advisers LLC boosted its holdings in shares of CF Industries by 69.8% during the 4th quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 227 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of CF Industries during the 2nd quarter valued at about $44,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

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.