Deutsche Bank AG Purchases 93,776 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Key Points

• Deutsche Bank AG has increased its holdings in CF Industries Holdings by 7.3% in the first quarter, now owning 1,374,713 shares valued at approximately $107.4 million.
• CF Industries recently reported a quarterly earnings per share (EPS) of $2.37, exceeding analyst expectations, with a revenue of $1.89 billion—a 20.2% year-over-year increase.
• The company announced a $2 billion share repurchase plan, indicating that management believes their shares may be undervalued.

Deutsche Bank AG boosted its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,374,713 shares of the basic materials company's stock after acquiring an additional 93,776 shares during the quarter. Deutsche Bank AG owned 0.81% of CF Industries worth $107,434,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Curat Global LLC purchased a new stake in CF Industries in the 1st quarter valued at about $25,000. Golden State Wealth Management LLC increased its stake in CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after buying an additional 206 shares during the last quarter. TCTC Holdings LLC increased its stake in CF Industries by 114.1% in the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock valued at $30,000 after buying an additional 202 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in CF Industries in the 4th quarter valued at about $34,000. Finally, Grove Bank & Trust increased its stake in CF Industries by 118.5% in the 1st quarter. Grove Bank & Trust now owns 542 shares of the basic materials company's stock valued at $42,000 after buying an additional 294 shares during the last quarter. Institutional investors own 93.06% of the company's stock.

CF Industries Stock Performance

CF Industries stock traded up $1.72 during mid-day trading on Monday, reaching $82.63. The company's stock had a trading volume of 2,962,888 shares, compared to its average volume of 2,579,584. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45. The company has a market capitalization of $13.38 billion, a P/E ratio of 10.79 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The firm's fifty day moving average price is $93.67 and its two-hundred day moving average price is $85.31.

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 for the quarter, beating analysts' consensus estimates of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business earned $2.30 EPS. CF Industries's revenue was up 20.2% compared to the same quarter last year. Sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 7th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to repurchase up to 14.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

CF Industries Announces Dividend

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

CF has been the subject of several analyst reports. UBS Group decreased 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. JPMorgan Chase & Co. upgraded shares of CF Industries from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $75.00 to $92.00 in a research note on Tuesday, July 29th. Wolfe Research lowered shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, June 12th. Oppenheimer lowered shares of CF Industries from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 22nd. Finally, Wall Street Zen lowered shares of CF Industries from a "buy" rating to a "hold" rating in a research note on Saturday. Thirteen equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CF Industries currently has an average rating of "Hold" and a consensus target price of $94.77.

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.