CF Industries (NYSE:CF) Stock Price Down 3.3% – What’s Next?

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CF shares. Freedom Capital upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. BMO Capital Markets cut their target price on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Scotiabank raised shares of CF Industries from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $120.00 to $125.00 in a research note on Tuesday, June 30th. Mizuho upped their price target on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a report on Tuesday, March 31st. Finally, Royal Bank Of Canada dropped their price target on CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $116.69.

CF Industries Stock Performance

The company has a market capitalization of $18.63 billion, a P/E ratio of 10.88 and a beta of 0.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The company has a fifty day moving average price of $114.25 and a two-hundred day moving average price of $111.16.

CF Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors 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 represents a $2.40 annualized dividend and a yield of 2.0%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s dividend payout ratio is 17.97%.

Institutional Investors Weigh In On CF Industries

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of CF Industries by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock worth $579,062,000 after purchasing an additional 146,682 shares during the period. Boston Partners grew its stake in shares of CF Industries by 15.3% in the third quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock worth $321,852,000 after purchasing an additional 476,769 shares during the last quarter. Invesco Ltd. increased its holdings in CF Industries by 12.0% in the fourth quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after purchasing an additional 381,716 shares during the period. Ameriprise Financial Inc. increased its holdings in CF Industries by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 3,287,256 shares of the basic materials company’s stock valued at $302,428,000 after purchasing an additional 11,792 shares during the period. Finally, Northern Trust Corp raised its position in CF Industries by 5.5% during the 4th quarter. Northern Trust Corp now owns 3,147,611 shares of the basic materials company’s stock worth $243,436,000 after purchasing an additional 163,320 shares during the last quarter. 93.06% of the stock is owned by 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.