Gulf International Bank UK Ltd Has $776,000 Stock Position in CF Industries Holdings, Inc. $CF

Key Points

• Gulf International Bank UK Ltd has reduced its holdings in CF Industries by 34.7%, now owning 9,937 shares valued at approximately $776,000.
• CF Industries reported quarterly earnings of $2.37 EPS, exceeding analysts' expectations and showing a 20.2% year-over-year revenue increase.
• The company has authorized a share buyback program worth $2.00 billion, allowing it to repurchase up to 14.7% of its shares, indicating confidence in its stock's valuation.

Gulf International Bank UK Ltd reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 34.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,937 shares of the basic materials company's stock after selling 5,277 shares during the quarter. Gulf International Bank UK Ltd's holdings in CF Industries were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Curat Global LLC purchased a new position in CF Industries during the first quarter worth $25,000. Zions Bancorporation National Association UT purchased a new position in shares of CF Industries during the 1st quarter worth about $27,000. Golden State Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 206 shares during the last quarter. TCTC Holdings LLC boosted its holdings in CF Industries by 114.1% in the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 202 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of CF Industries during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 93.06% of the company's stock.

Insider Transactions at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president directly owned 87,923 shares in the company, valued at $8,812,522.29. The trade was a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wolfe Research cut shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. Morgan Stanley set a $95.00 price target on shares of CF Industries and gave the company an "equal weight" rating in a report on Thursday, June 26th. Wall Street Zen cut shares of CF Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company dropped their target price on CF Industries from $108.00 to $101.00 and set an "overweight" rating on the stock in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. raised CF Industries from an "underweight" rating to a "neutral" rating and increased their price target for the company from $75.00 to $92.00 in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $95.00.

CF Industries Price Performance

Shares of CF stock traded up $0.2650 during trading hours on Friday, hitting $86.6250. The company had a trading volume of 445,821 shares, compared to its average volume of 2,749,318. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $104.45. 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 is $92.43 and its 200 day moving average is $85.04. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 11.31 and a beta of 0.94.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.35 by $0.02. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm earned $2.30 EPS. CF Industries's quarterly revenue was up 20.2% on a year-over-year basis. On average, 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 authorized a share buyback program 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 shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. CF Industries's dividend payout ratio (DPR) is 26.11%.

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.