CF Industries Holdings, Inc. (NYSE:CF) Bonds Trading 1.3% Higher

An issue of CF Industries Holdings, Inc. (NYSE:CF) bonds rose 1.3% as a percentage of their face value during trading on Tuesday. The high-yield debt issue has a 3.45% coupon and will mature on June 1, 2023. The debt is now trading at $96.29 and was trading at $94.26 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its share price.

CF has been the subject of a number of analyst reports. Citigroup Inc. upgraded shares of CF Industries Holdings from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. UBS AG upgraded shares of CF Industries Holdings from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Friday, May 5th. Credit Suisse Group reaffirmed a “buy” rating and set a $31.00 price objective on shares of CF Industries Holdings in a report on Friday, April 21st. BMO Capital Markets set a $35.00 price objective on shares of CF Industries Holdings and gave the stock a “buy” rating in a report on Tuesday, June 6th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $32.00 price objective (down previously from $34.00) on shares of CF Industries Holdings in a report on Saturday, April 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $32.58.

CF Industries Holdings, Inc. (NYSE CF) traded down 0.45% during midday trading on Friday, reaching $29.03. 3,399,458 shares of the company traded hands. CF Industries Holdings, Inc. has a 12-month low of $22.00 and a 12-month high of $37.17. The stock’s market capitalization is $6.77 billion. The company has a 50 day moving average of $29.80 and a 200-day moving average of $29.45.

CF Industries Holdings (NYSE:CF) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.18. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts anticipate that CF Industries Holdings, Inc. will post ($0.70) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Friday, August 11th. CF Industries Holdings’s payout ratio is currently -75.47%.

In related news, VP Bert A. Frost sold 6,400 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the completion of the sale, the vice president now directly owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Gulf International Bank UK Ltd raised its stake in shares of CF Industries Holdings by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 72,945 shares of the basic materials company’s stock worth $2,140,000 after buying an additional 1,400 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of CF Industries Holdings during the first quarter worth about $399,000. DnB Asset Management AS raised its stake in shares of CF Industries Holdings by 41.4% in the first quarter. DnB Asset Management AS now owns 20,845 shares of the basic materials company’s stock worth $612,000 after buying an additional 6,100 shares during the period. Candriam Luxembourg S.C.A. raised its stake in shares of CF Industries Holdings by 40.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 18,660 shares of the basic materials company’s stock worth $548,000 after buying an additional 5,366 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of CF Industries Holdings by 4.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,050 shares of the basic materials company’s stock worth $166,000 after buying an additional 275 shares during the period.

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About CF Industries Holdings

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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