CF Industries Holdings, Inc. (CF) Short Interest Update

CF Industries Holdings, Inc. (NYSE:CF) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 23,480,702 shares, a drop of 14.3% from the October 13th total of 27,385,128 shares. Currently, 10.1% of the shares of the stock are sold short. Based on an average trading volume of 3,445,442 shares, the days-to-cover ratio is currently 6.8 days.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised CF Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Royal Bank Of Canada boosted their target price on CF Industries from $23.00 to $27.00 and gave the company an “underperform” rating in a research note on Tuesday, October 17th. Atlantic Securities cut CF Industries from a “neutral” rating to an “underweight” rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Stephens assumed coverage on CF Industries in a research note on Monday. They set an “equal weight” rating and a $38.00 target price on the stock. Finally, BMO Capital Markets upped their price target on CF Industries from $38.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.95.

CF Industries (NYSE:CF) traded down $0.81 during trading on Wednesday, reaching $36.55. The company’s stock had a trading volume of 3,585,904 shares, compared to its average volume of 4,448,878. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.51 and a current ratio of 1.71. CF Industries has a twelve month low of $25.04 and a twelve month high of $39.32.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $733.63 million. CF Industries had a negative net margin of 10.95% and a negative return on equity of 2.29%. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share. research analysts predict that CF Industries will post -0.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Tuesday, November 14th. CF Industries’s payout ratio is currently -65.57%.

In related news, Director Stephen A. Furbacher sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the completion of the sale, the director now owns 50,854 shares in the company, valued at approximately $1,830,744. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bert A. Frost sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $36.50, for a total value of $273,750.00. Following the completion of the sale, the vice president now owns 67,232 shares of the company’s stock, valued at approximately $2,453,968. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in CF Industries in the third quarter valued at about $183,000. IFM Investors Pty Ltd bought a new position in CF Industries in the third quarter valued at about $252,000. TT International bought a new position in CF Industries in the third quarter valued at about $1,144,000. Point72 Asset Management L.P. bought a new position in CF Industries in the third quarter valued at about $14,767,000. Finally, Highbridge Capital Management LLC bought a new position in CF Industries in the third quarter valued at about $1,269,000.

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About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).

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