Investors Buy Large Volume of Call Options on CF Industries (CF)

CF Industries Holdings, Inc. (NYSE:CF) saw unusually large options trading on Wednesday. Stock traders acquired 11,813 call options on the company. This represents an increase of approximately 1,375% compared to the average daily volume of 801 call options.

NYSE:CF opened at $51.05 on Friday. CF Industries has a 1 year low of $33.50 and a 1 year high of $56.51. The company has a quick ratio of 2.26, a current ratio of 2.80 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $10.80 billion, a price-to-earnings ratio of -204.20, a price-to-earnings-growth ratio of 5.06 and a beta of 0.99.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, October 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). CF Industries had a net margin of 13.94% and a return on equity of 1.82%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $993.94 million. During the same period in the previous year, the firm posted ($0.39) earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts anticipate that CF Industries will post 1.52 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.35%. CF Industries’s payout ratio is -480.00%.

CF Industries declared that its board has authorized a stock repurchase program on Wednesday, August 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Stephen A. Furbacher sold 1,000 shares of the business’s 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 sale, the director now owns 53,690 shares in the company, valued at $2,761,276.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Adam L. Hall sold 20,256 shares of CF Industries stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $48.59, for a total value of $984,239.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,131 shares of company stock valued at $1,976,560. 1.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its position in shares of CF Industries by 56.4% during the second quarter. Janus Henderson Group PLC now owns 1,298,152 shares of the basic materials company’s stock worth $57,638,000 after buying an additional 468,073 shares during the period. Zurich Insurance Group Ltd FI boosted its position in shares of CF Industries by 160.4% during the second quarter. Zurich Insurance Group Ltd FI now owns 106,176 shares of the basic materials company’s stock worth $4,714,000 after buying an additional 65,407 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of CF Industries during the second quarter worth about $824,000. Point72 Hong Kong Ltd acquired a new position in shares of CF Industries during the second quarter worth about $127,000. Finally, Renaissance Technologies LLC boosted its position in shares of CF Industries by 86.9% during the second quarter. Renaissance Technologies LLC now owns 226,900 shares of the basic materials company’s stock worth $10,074,000 after buying an additional 105,500 shares during the period. 99.01% of the stock is owned by institutional investors.

CF has been the subject of a number of analyst reports. Stephens reaffirmed a “hold” rating and set a $53.00 price objective on shares of CF Industries in a research note on Friday, August 3rd. Royal Bank of Canada set a $50.00 price objective on CF Industries and gave the stock a “hold” rating in a research note on Monday, October 1st. UBS Group lifted their price objective on CF Industries from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. HSBC raised CF Industries from a “hold” rating to a “buy” rating and set a $36.30 price objective for the company in a research note on Tuesday, August 7th. Finally, Cowen lifted their price objective on CF Industries from $60.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, October 4th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $50.78.

About CF Industries

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.

Featured Story: Google Finance Portfolio

Receive News & Ratings for CF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply