APG Asset Management N.V. Sells 4,500 Shares of CF Industries Holdings, Inc. $CF

Key Points

• APG Asset Management N.V. has reduced its stake in CF Industries Holdings, Inc. by 4.6%, selling 4,500 shares and now owning 94,000 shares valued at approximately $6.8 million.
• CF Industries reported $2.37 EPS for the last quarter, surpassing analyst estimates, leading to a revenue increase of 20.2% year-over-year.
• The company has initiated a $2 billion stock buyback program, indicating the board believes the shares are undervalued and plans to repurchase up to 14.7% of its stock.

APG Asset Management N.V. lessened its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,000 shares of the basic materials company's stock after selling 4,500 shares during the period. APG Asset Management N.V. owned approximately 0.06% of CF Industries worth $6,801,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CF. Curat Global LLC bought a new stake in CF Industries in the first quarter worth $25,000. Zions Bancorporation National Association UT purchased a new position in CF Industries during the first quarter worth $27,000. Golden State Wealth Management LLC boosted its stake in CF Industries by 119.8% during the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock worth $30,000 after buying an additional 206 shares during the period. TCTC Holdings LLC boosted its stake in CF Industries by 114.1% during the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock worth $30,000 after buying an additional 202 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in CF Industries during the fourth quarter worth $34,000. Institutional investors own 93.06% of the company's stock.

CF Industries Trading Down 0.4%

NYSE CF opened at $86.1960 on Tuesday. The company's 50-day moving average price is $91.87 and its 200-day moving average price is $84.98. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The stock has a market cap of $13.96 billion, a PE ratio of 11.25 and a beta of 0.94. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $104.45.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.02. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business's revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.30 earnings per share. Equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries declared that its Board of Directors has initiated a stock buyback program on Wednesday, May 7th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to repurchase up to 14.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 15th. CF Industries's dividend payout ratio is presently 26.11%.

Insider Transactions at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the transaction, the executive vice president directly owned 87,923 shares in the company, valued at $8,812,522.29. This represents a 10.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank Of Canada set a $100.00 price objective on shares of CF Industries and gave the stock a "sector perform" rating in a research note on Monday, July 14th. Bank of America reaffirmed an "underperform" rating and set a $82.00 price objective (down from $93.00) on shares of CF Industries in a research note on Thursday, August 14th. UBS Group dropped their price objective on shares of CF Industries from $103.00 to $101.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Barclays raised shares of CF Industries from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $95.00 to $100.00 in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company dropped their price objective on shares of CF Industries from $108.00 to $101.00 and set an "overweight" rating for the company in a research note on Monday, August 11th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $95.00.

CF Industries Company Profile

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.

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