CF Industries Holdings, Inc. (NYSE:CF) Short Interest Down 8.5% in June

CF Industries Holdings, Inc. (NYSE:CF) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 5,150,000 shares, a decrease of 8.5% from the May 31st total of 5,630,000 shares. Based on an average daily trading volume, of 2,300,000 shares, the short-interest ratio is currently 2.2 days. Currently, 2.8% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CF. Berenberg Bank raised their price target on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Bank of America reaffirmed a “neutral” rating and issued a $88.00 price objective (down previously from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. BMO Capital Markets dropped their price target on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Scotiabank dropped their price objective on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. Finally, Piper Sandler decreased their target price on shares of CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.00.

CF Industries Trading Down 1.2 %

CF stock traded down $0.87 during midday trading on Wednesday, hitting $69.96. The stock had a trading volume of 1,879,905 shares, compared to its average volume of 2,377,968. CF Industries has a 12-month low of $67.97 and a 12-month high of $87.90. The company’s 50-day moving average price is $76.29 and its 200 day moving average price is $78.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. The firm has a market cap of $12.79 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 2.35 and a beta of 0.95.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The business’s revenue was down 26.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.85 earnings per share. On average, equities research analysts predict that CF Industries will post 5.26 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were issued a $0.50 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.86%. CF Industries’s dividend payout ratio is currently 33.22%.

Hedge Funds Weigh In On CF Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Concurrent Investment Advisors LLC boosted its holdings in shares of CF Industries by 4.5% in the first quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock valued at $269,000 after acquiring an additional 140 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in CF Industries by 4.8% in the first quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 141 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its position in CF Industries by 24.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 153 shares during the period. Czech National Bank grew its holdings in CF Industries by 0.5% in the 1st quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock valued at $2,797,000 after buying an additional 153 shares during the last quarter. Finally, Wahed Invest LLC raised its position in shares of CF Industries by 4.9% during the fourth quarter. Wahed Invest LLC now owns 3,281 shares of the basic materials company’s stock valued at $261,000 after buying an additional 154 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

About CF Industries

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.