Pictet Asset Management Holding SA Has $14.83 Million Holdings in CF Industries Holdings, Inc. $CF

Pictet Asset Management Holding SA raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,770 shares of the basic materials company’s stock after purchasing an additional 26,260 shares during the period. Pictet Asset Management Holding SA owned approximately 0.12% of CF Industries worth $14,832,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Inscription Capital LLC lifted its position in CF Industries by 36.3% in the fourth quarter. Inscription Capital LLC now owns 10,451 shares of the basic materials company’s stock worth $808,000 after purchasing an additional 2,782 shares during the period. Horizon Advisory Services Inc. acquired a new position in CF Industries in the fourth quarter valued at about $319,000. Viewpoint Investment Partners Corp bought a new position in shares of CF Industries in the fourth quarter valued at approximately $224,000. Brindle & Bay Financial Advisors LLC bought a new position in CF Industries in the 4th quarter valued at $725,000. Finally, Resonant Capital Advisors LLC raised its holdings in shares of CF Industries by 2.9% in the fourth quarter. Resonant Capital Advisors LLC now owns 5,638 shares of the basic materials company’s stock valued at $436,000 after buying an additional 161 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF stock opened at $122.90 on Friday. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.37 and a quick ratio of 2.93. The stock has a market cap of $18.88 billion, a P/E ratio of 13.66 and a beta of 0.42. The company has a fifty day moving average price of $119.68 and a two-hundred day moving average price of $96.52.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.06. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.78 billion. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The business’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 earnings per share. As a group, equities analysts predict that CF Industries Holdings, Inc. will post 12.41 EPS for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. CF Industries’s payout ratio is presently 22.22%.

Insider Transactions at CF Industries

In other news, EVP Susan L. Menzel sold 18,041 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $136.06, for a total value of $2,454,658.46. Following the transaction, the executive vice president owned 55,762 shares of the company’s stock, valued at approximately $7,586,977.72. This represents a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard A. Hoker sold 6,184 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $109.33, for a total value of $676,096.72. Following the transaction, the vice president owned 34,535 shares in the company, valued at $3,775,711.55. The trade was a 15.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,408 shares of company stock worth $9,971,298 over the last three months. Company insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CF. JPMorgan Chase & Co. upped their price objective on CF Industries from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Morgan Stanley increased their price target on shares of CF Industries from $95.00 to $135.00 and gave the company an “equal weight” rating in a research report on Tuesday. UBS Group lifted their target price on CF Industries from $97.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, March 26th. Royal Bank Of Canada lifted their price target on shares of CF Industries from $100.00 to $125.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 7th. Finally, The Goldman Sachs Group upped their price objective on CF Industries from $103.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and a consensus price target of $118.53.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.