Short Interest in CF Industries Holdings, Inc. (NYSE:CF) Increases By 12.8%

CF Industries Holdings, Inc. (NYSE:CF) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 2,990,000 shares, a growth of 12.8% from the September 30th total of 2,650,000 shares. Based on an average daily volume of 2,070,000 shares, the short-interest ratio is currently 1.4 days. Approximately 1.4% of the shares of the stock are sold short.

A number of equities research analysts have weighed in on the company. UBS Group raised their price target on CF Industries from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded CF Industries from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a report on Monday, November 4th. Consumer Edge began coverage on CF Industries in a report on Monday, September 23rd. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. lifted their price objective on CF Industries from $43.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Finally, Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating in a report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.89.

In other CF Industries news, VP Bert A. Frost sold 21,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.21, for a total transaction of $1,012,410.00. Following the sale, the vice president now owns 103,072 shares in the company, valued at $4,969,101.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen A. Furbacher sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $47.50, for a total value of $166,250.00. Following the sale, the director now owns 49,187 shares in the company, valued at approximately $2,336,382.50. The disclosure for this sale can be found here. Insiders have sold 119,743 shares of company stock worth $5,770,325 in the last 90 days. Company insiders own 2.00% of the company’s stock.

A number of large investors have recently made changes to their positions in CF. North Star Investment Management Corp. purchased a new position in CF Industries during the 3rd quarter valued at about $30,000. Parallel Advisors LLC increased its holdings in CF Industries by 103.7% during the 3rd quarter. Parallel Advisors LLC now owns 725 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 369 shares during the period. CSat Investment Advisory L.P. increased its holdings in CF Industries by 27.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,010 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 218 shares during the period. Ibex Wealth Advisors purchased a new position in CF Industries during the 2nd quarter valued at about $51,000. Finally, B & T Capital Management DBA Alpha Capital Management purchased a new position in CF Industries during the 3rd quarter valued at about $60,000. Institutional investors own 92.22% of the company’s stock.

Shares of CF traded down $0.43 during trading hours on Friday, hitting $45.93. The company had a trading volume of 1,061,541 shares, compared to its average volume of 2,261,681. The firm has a market cap of $10.42 billion, a P/E ratio of 37.04, a P/E/G ratio of 3.41 and a beta of 0.95. The stock’s 50 day moving average price is $47.76 and its 200 day moving average price is $46.63. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 0.74. CF Industries has a 52-week low of $38.90 and a 52-week high of $55.15.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.06). CF Industries had a return on equity of 7.98% and a net margin of 10.42%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm posted $0.13 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, research analysts expect that CF Industries will post 2.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.61%. CF Industries’s dividend payout ratio is presently 96.77%.

CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

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