DRW Securities LLC Has $5.11 Million Stake in CF Industries Holdings, Inc. $CF

Key Points

• DRW Securities LLC increased its stake in CF Industries Holdings, Inc. by a significant 2,360.0%, owning 65,412 shares valued at over $5 million, after purchasing an additional 62,753 shares.
• CF Industries recently reported earnings of $2.37 per share, surpassing estimates, and announced a quarterly dividend of $0.50 per share, reflecting an annual yield of 2.3%.
• The Board of Directors authorized a stock buyback plan allowing CF Industries to repurchase up to $2 billion worth of shares, indicating management's belief in the company's stock value.

DRW Securities LLC raised its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 2,360.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,412 shares of the basic materials company's stock after buying an additional 62,753 shares during the period. DRW Securities LLC's holdings in CF Industries were worth $5,112,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CF. Curat Global LLC acquired a new position in shares of CF Industries in the first quarter valued at $25,000. Zions Bancorporation National Association UT bought a new stake in shares of CF Industries during the first quarter worth approximately $27,000. Golden State Wealth Management LLC grew its position in shares of CF Industries by 119.8% in the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 206 shares during the last quarter. TCTC Holdings LLC increased its stake in shares of 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 purchasing an additional 202 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in CF Industries during the 4th quarter worth approximately $34,000. Institutional investors own 93.06% of the company's stock.

Analyst Ratings Changes

CF has been the topic of several recent research reports. Barclays upgraded CF Industries from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Morgan Stanley set a $95.00 price objective on shares of CF Industries and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. raised shares of CF Industries from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $75.00 to $92.00 in a report on Tuesday, July 29th. BNP Paribas cut shares of CF Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, UBS Group cut their price target on CF Industries from $103.00 to $101.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $95.00.

CF Industries Price Performance

CF Industries stock traded down $2.58 during midday trading on Wednesday, reaching $84.85. The company's stock had a trading volume of 2,065,584 shares, compared to its average volume of 2,832,937. The stock has a market cap of $13.74 billion, a PE ratio of 11.31 and a beta of 0.95. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The business has a 50-day moving average price of $90.40 and a 200-day moving average price of $85.11.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $0.02. The business had revenue of $1.89 billion during 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 firm's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.30 EPS. On average, sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 15th. CF Industries's dividend payout ratio is presently 26.11%.

CF Industries announced that its board has authorized a share buyback plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 14.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the sale, the executive vice president directly owned 87,923 shares in the company, valued at approximately $8,812,522.29. The trade was a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.71% of the company's stock.

CF Industries 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.