CF Industries Holdings, Inc. $CF Stock Position Lessened by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 9.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,377 shares of the basic materials company’s stock after selling 15,095 shares during the period. Pictet Asset Management Holding SA owned about 0.10% of CF Industries worth $17,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Himension Capital Singapore PTE. LTD. purchased a new stake in CF Industries during the first quarter valued at about $25,000. Virtus Advisers LLC bought a new stake in CF Industries in the second quarter valued at approximately $25,000. Continuum Advisory LLC purchased a new stake in shares of CF Industries during the second quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. bought a new position in shares of CF Industries in the second quarter worth approximately $29,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of CF Industries in the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Latest CF Industries News

Here’s some of the latest news about CF:

• Positive Sentiment: A Royal Bank of Canada analyst reportedly expects CF Industries’ stock to rise, providing a favorable signal for investors. CF Industries Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says
• Positive Sentiment: Freedom Broker raised its price target from $129 to $133, though it maintained a “hold” rating. CF Industries Given New $133 Price Target at Freedom Broker
• Neutral Sentiment: Recent articles discuss an investment case for CF and whether the shares may be undervalued, but the available summaries don’t provide enough detail to establish a specific new catalyst or firm conclusion. The One Reason To Invest In CF Industries Stock Is CF Industries Stock Undervalued Right Now?

CF Industries Stock Performance

CF Industries stock opened at $124.90 on Friday. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96. The company has a quick ratio of 2.68, a current ratio of 2.98 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $18.27 billion, a P/E ratio of 8.81, a PEG ratio of 0.25 and a beta of 0.54. The stock’s 50 day moving average is $121.63 and its 200 day moving average is $117.36.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, November 4th. The basic materials company reported $2.87 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.13). The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.77 billion. CF Industries had a return on equity of 24.52% and a net margin of 27.48%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.19 earnings per share. On average, equities research analysts predict that CF Industries Holdings, Inc. will post 13.59 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. CF Industries’s dividend payout ratio (DPR) is presently 16.94%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CF shares. Weiss Ratings raised shares of CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 16th. set a $115.00 price objective on CF Industries and gave the stock a “sector perform” rating in a research report on Monday, October 5th. Scotiabank upped their target price on CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Truist Financial set a $129.00 price objective on shares of CF Industries in a report on Monday, November 2nd. Finally, Sanford C. Bernstein started coverage on shares of CF Industries in a research report on Friday, September 25th. They set an “outperform” rating and a $162.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $123.30.

About CF Industries

CF Industries Holdings, Inc. is a producer and distributor of nitrogen fertilizer and related products. Its main offerings include ammonia, granular urea, urea ammonium nitrate (UAN) and ammonium nitrate, which are used primarily to support crop production. The company also supplies nitrogen products for industrial applications, including emissions control and chemical manufacturing. Founded in 1946 as the Central Farmers Fertilizer Company, CF Industries grew from a cooperative serving agricultural retailers into a major nitrogen producer.