Traders Purchase Large Volume of CF Industries Holdings Call Options (CF)
CF Industries Holdings, Inc. (NYSE:CF) was the recipient of unusually large options trading activity on Friday. Stock investors bought 14,984 call options on the stock. This is an increase of approximately 691% compared to the average daily volume of 1,894 call options.
Several equities research analysts have issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of CF Industries Holdings from $26.00 to $25.00 and set an “underperform” rating for the company in a research note on Friday, May 5th. Credit Suisse Group AG boosted their price objective on shares of CF Industries Holdings from $26.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. Goldman Sachs Group Inc upgraded shares of CF Industries Holdings from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, March 20th. Citigroup Inc upgraded shares of CF Industries Holdings from a “neutral” rating to a “buy” rating in a research note on Monday, May 8th. Finally, Vetr upgraded shares of CF Industries Holdings from a “hold” rating to a “buy” rating and set a $37.84 price objective for the company in a research note on Monday, January 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CF Industries Holdings currently has a consensus rating of “Hold” and a consensus price target of $31.77.
Several institutional investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co raised its position in CF Industries Holdings by 0.7% in the first quarter. CENTRAL TRUST Co now owns 3,667 shares of the basic materials company’s stock worth $107,000 after buying an additional 24 shares in the last quarter. First Mercantile Trust Co. raised its position in CF Industries Holdings by 22.4% in the first quarter. First Mercantile Trust Co. now owns 3,691 shares of the basic materials company’s stock worth $108,000 after buying an additional 676 shares in the last quarter. Pacer Advisors Inc. raised its position in CF Industries Holdings by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock worth $126,000 after buying an additional 137 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in CF Industries Holdings by 34.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,512 shares of the basic materials company’s stock worth $162,000 after buying an additional 1,415 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in CF Industries Holdings during the first quarter worth approximately $164,000. 99.75% of the stock is currently owned by institutional investors.
CF Industries Holdings (NYSE:CF) opened at 28.95 on Wednesday. The stock has a 50 day moving average of $27.72 and a 200 day moving average of $30.23. The stock’s market capitalization is $6.75 billion. CF Industries Holdings has a 52 week low of $20.77 and a 52 week high of $37.17.
CF Industries Holdings (NYSE:CF) last released its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.04. CF Industries Holdings had a net margin of 1.77% and a return on equity of 5.94%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $988.56 million. During the same period in the prior year, the business earned $0.40 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that CF Industries Holdings will post ($0.14) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Thursday, May 11th. CF Industries Holdings’s dividend payout ratio is 413.79%.
About CF Industries Holdings
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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