Stock Traders Purchase Large Volume of Call Options on CF Industries (CF)

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CF Industries Holdings, Inc. (NYSE:CF) saw some unusual options trading on Wednesday. Stock traders bought 11,813 call options on the company. This is an increase of approximately 1,375% compared to the typical volume of 801 call options.

CF opened at $48.03 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.80 and a quick ratio of 2.26. The stock has a market capitalization of $10.80 billion, a price-to-earnings ratio of -192.12, a price-to-earnings-growth ratio of 5.06 and a beta of 0.99. CF Industries has a 12 month low of $33.50 and a 12 month high of $56.51.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $993.94 million. CF Industries had a net margin of 13.94% and a return on equity of 1.82%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.39) EPS. As a group, sell-side analysts forecast that CF Industries will post 1.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.50%. The ex-dividend date is Wednesday, November 14th. CF Industries’s dividend payout ratio (DPR) is -480.00%.

CF Industries announced that its board has approved a stock repurchase plan on Wednesday, August 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the basic materials company to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Several research analysts have recently issued reports on CF shares. Citigroup lifted their price target on CF Industries from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 11th. Royal Bank of Canada raised CF Industries from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $38.00 to $42.00 in a research note on Wednesday, July 18th. ValuEngine raised CF Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 3rd. Scotiabank reaffirmed a “buy” rating and set a $53.00 price target on shares of CF Industries in a research note on Friday, August 3rd. Finally, Stephens reiterated a “hold” rating and set a $53.00 price objective on shares of CF Industries in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.78.

In other news, Director Stephen A. Furbacher sold 1,000 shares of CF Industries stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $51.43, for a total transaction of $51,430.00. Following the completion of the transaction, the director now owns 53,690 shares of the company’s stock, valued at approximately $2,761,276.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Bert A. Frost sold 10,675 shares of CF Industries stock in a transaction on Friday, August 10th. The stock was sold at an average price of $50.31, for a total value of $537,059.25. The disclosure for this sale can be found here. In the last three months, insiders sold 40,131 shares of company stock valued at $1,976,560. 1.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in CF Industries by 56.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,298,152 shares of the basic materials company’s stock valued at $57,638,000 after buying an additional 468,073 shares during the period. Zurich Insurance Group Ltd FI grew its holdings in CF Industries by 160.4% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 106,176 shares of the basic materials company’s stock valued at $4,714,000 after buying an additional 65,407 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in CF Industries in the 2nd quarter valued at about $824,000. Point72 Hong Kong Ltd purchased a new stake in shares of CF Industries during the 2nd quarter worth about $127,000. Finally, Renaissance Technologies LLC grew its holdings in shares of CF Industries by 86.9% during the 2nd quarter. Renaissance Technologies LLC now owns 226,900 shares of the basic materials company’s stock worth $10,074,000 after purchasing an additional 105,500 shares during the period. Institutional investors own 99.01% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

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