Amalgamated Bank, a renowned financial institution, has recently revealed an increase of 3.8% in its stake in CF Industries Holdings, Inc. (NYSE:CF) during the first quarter of this year. This information was disclosed by the company in its recent filing with the prestigious Securities & Exchange Commission. At the end of this reporting period, Amalgamated Bank’s holdings in CF Industries were valued at an impressive $4,147,000.
Analysts from various research firms have also shared their insights on CF Industries’ stock in recent times. Mizuho, for instance, decreased their price objective on shares of CF Industries from $101.00 to $83.00 in a report published on April 28th earlier this year. Another reputable firm, Barclays, also dropped their target price to $80.00 from $105.00 on June 1st.
HSBC further contributed to the discourse by decreasing their price target on CF Industries from $85.00 to $83.00 while maintaining a “hold” rating on the stock as well.
However, it is worth noting that Wells Fargo & Company went against the grain and provided positive news for CF Industries. They raised their target price from $95.00 to $98.00 and gave the stock an “overweight” rating in their report issued on July 28th.
According to experts and Bloomberg.com data analyzed up until now, CF Industries currently holds an average rating of “Moderate Buy.” Furthermore, analysts predict an average target price of around $90.20 for the company’s stock.
Taking into account these varying opinions, it is essential to assess how CF Industries’ shares performed recently in order to gain a clearer perspective of its current standing within the market.
On Friday, July 28th – marking our reference date – CF opened at a price of $81.46 per share with a market capitalization of approximately $15.88 billion. With a price-to-earnings ratio of 5.45 and a price-to-earnings-growth ratio of 1.72, the company’s stock has attracted both investors and analysts alike.
Additionally, CF Industries has displayed significant volatility in its stock price over the past year. The company achieved a 12-month high of $119.60 per share and a low of $60.08 per share.
Moreover, it is important to keep an eye on the company’s average moving averages for additional insights into its performance in recent times. As of our reference date, CF Industries had a 50-day moving average price of $70.32 and a 200-day moving average price of $75.42.
Furthermore, many market participants have shown interest in evaluating the company’s financial health by observing its current and quick ratios as well as its debt-to-equity ratio. As reported by CF Industries, the company has a current ratio of 4.46, indicating robust short-term liquidity management capabilities. Additionally, the firm boasts a quick ratio of 3.97, showcasing its ability to meet short-term obligations promptly while excluding inventory from consideration.
Lastly, CF Industries maintains an impressive debt-to-equity ratio standing at a mere 0.37 – which indicates that it relies more heavily on equity financing than debt financing.
To conclude, CF Industries Holdings holds a prominent position within the market today thanks to recent developments involving Amalgamated Bank boosting its stake in the company during Q1 this year. However, amidst divergent research analysists’ opinions on CF Industries’ stock and varying target prices given by experts across various firms – from Mizuho’s $83 target all the way up to Wells Fargo & Company’s optimistic outlook with their target price set at $98 – it remains crucial for investors and stakeholders to closely monitor this company to make informed decisions regarding their investment strategies.
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Large Investors Increase Stakes in CF Industries Holdings, Inc. as Company Shows Strong Performance and Announces Quarterly Dividend
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”CF” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]CF Industries Holdings, Inc. (NYSE: CF) has recently attracted the attention of various large investors who have either increased or decreased their stakes in the company. One notable investor, Morgan Stanley, significantly boosted its stake by 101% during the fourth quarter. This move resulted in Morgan Stanley now owning a total of 4,014,385 shares of CF Industries’ stock valued at $342,026,000.
Norges Bank also made a noteworthy investment during the same period by purchasing a new position in CF Industries valued at approximately $159,602,000. Pacer Advisors Inc. lifted its position in the company by 83.1%, owning 1,971,287 shares worth $167,954,000. Similarly, Man Group plc increased its position by 234.5% acquiring an additional 368,017 shares worth $44,726,000.
Additionally, Price T Rowe Associates Inc. MD raised its holdings by 3% to 12,144,184 shares valued at $1,034,684,000. These investments highlight a strong interest from institutional investors in CF Industries.
Moving on to corporate insiders’ activities within the company’s stock trading realm; SVP Bert A. Frost recently sold 15,000 shares of CF Industries’ stock on May 31st for an average price of $60.99 per share with a total transaction amounting to $914,850. Subsequently following this transaction completion; Frost now owns 47,539 shares with an approximate value of $2.9 million.
Similarly notable is VP Douglas C Barnard’s sale of 17k CF Industries’ shares on May 30th which took place at an average price of $61.28 per share with a cumulative value of about $1 million dollars; leaving Douglas C Barnard with just over twenty four thousand plus seven hundred eighty nine shares valued at about one and half million dollars. Moreover, corporate insiders now possess 0.42% of CF Industries’ stock.
Numerous research analyst firms have shared their perspective on CF Industries. Mizuho adjusted the price objective from $101.00 to $83.00 in a recent report published on April 28th. Furthermore, Barclays also lowered CF Industries’ target price from $105 to $80 on June 1st. HSBC also decreased their estimates from $85 to $83 alongside maintaining a “hold” rating for CF Industries’ stock that they had previously assigned in a report following close behind the Barclays note.
Contrarily, Wells Fargo & Company takes an optimistic outlook for CF Industries; presenting the case for an upward trend with confidence going so far as increasing CF industries’ predictions with a target price of their own up from $95.00 to an impressive ninety eight dollars per share even while labeling the stock “overweight”; whereas 888 rates the stock at a more balanced “moderate buy”, also recommending investors to stay put when it comes to making decisions pertaining to CF Industries, based on Tuesday May thirtieth data and average rating trends analysis taken from Bloomberg.com which stands as of July twenty eighth, two thousand and twenty three.
CF Industries last issued its quarterly data slightly over two months ago on May first displaying earning reports showing profit per share (Earnings Per Share) of nearly three dollars ($2.85 USD) surpassing consensus hopes by defying expectations and beating forecasts set at around two dollars and sixty three cents ($2.63 USD); according to surveys carried out amongst several analysts priorly . The revealed company’s revenue amounted to almost two billion dollars ($2.01 billion), exceeding average industry estimates which predicted sales at about one billion eight hundred and sixty million USD ($1.86 billion). The second quarter results attested that not only did CF Industries do well within its sector but was exceptional in comparison to the results obtained in the prior year. They recorded a net margin percentage of about twenty nine point two six percent (29.26%) and reported return on equity of forty two point two three percent (42.23%). Revenue for CF industries is projected to have reduced by twenty nine point eight percent (29.8%) YoY during the present reporting period, corresponding with company interests from approximately twelve months earlier when they captured numbers reflecting an EPS record of four dollars and twenty one cents ($4.21 USD). Consensus predictions put earnings per share projections for this year at around seven dollars and eighty eight cents ($7.88 USD).
Furthermore, to augment shareholder confidence, CF Industries announced its intention to pay a quarterly dividend on Thursday, August 31st. Shareholders will receive $0.40 per share if they are listed as shareholders as of Tuesday, August 15th. The ex-dividend date specified and announced recently was confirmed as Monday, August 14th; making it possible for shareholders aiming to be eligible for that particular dividend payment due at month end.
Consequently payout ratios (DRP) were established at ten point seven percent (10.70%) in effect further affirming this company’s strong performance.
CF Industries continues to demonstrate its potential as
