Pictet Asset Management Holding SA Decreases Holdings in CF Industries Holdings, Inc. $CF

Pictet Asset Management Holding SA reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,795 shares of the basic materials company’s stock after selling 21,975 shares during the quarter. Pictet Asset Management Holding SA’s holdings in CF Industries were worth $22,053,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Lakewood Asset Management LLC raised its position in shares of CF Industries by 0.9% during the 4th quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company’s stock worth $957,000 after acquiring an additional 111 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in CF Industries by 5.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,365 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 116 shares in the last quarter. Blair William & Co. IL increased its stake in CF Industries by 0.7% in the fourth quarter. Blair William & Co. IL now owns 17,528 shares of the basic materials company’s stock valued at $1,356,000 after purchasing an additional 116 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in CF Industries by 4.9% in the third quarter. Kingsview Wealth Management LLC now owns 2,898 shares of the basic materials company’s stock valued at $260,000 after purchasing an additional 135 shares during the last quarter. Finally, Albert D Mason Inc. raised its holdings in CF Industries by 5.3% during the fourth quarter. Albert D Mason Inc. now owns 2,720 shares of the basic materials company’s stock worth $210,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Down 0.2%

Shares of NYSE:CF opened at $108.01 on Thursday. The stock has a market cap of $16.59 billion, a P/E ratio of 9.70 and a beta of 0.40. The firm has a fifty day moving average price of $115.77 and a 200 day moving average price of $106.28. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $1.35. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm posted $1.85 EPS. CF Industries’s revenue for the quarter was up 19.4% on a year-over-year basis. Sell-side analysts predict that CF Industries Holdings, Inc. will post 15.6 EPS for the current year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 15th. CF Industries’s payout ratio is 17.97%.

Analyst Ratings Changes

CF has been the subject of several research analyst reports. Morgan Stanley upped their target price on shares of CF Industries from $95.00 to $135.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Mizuho lifted their price target on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a research note on Tuesday, March 31st. Bank of America boosted their price target on shares of CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Wall Street Zen raised CF Industries from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Canadian Imperial Bank of Commerce lifted their target price on CF Industries from $118.00 to $128.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average target price of $118.50.

About CF Industries

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.