Pictet Asset Management SA Buys 21,806 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Posted by Defense World Staff on Aug 22nd, 2023

Pictet Asset Management SA lifted its position in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 19.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,707 shares of the basic materials company’s stock after buying an additional 21,806 shares during the quarter. Pictet Asset Management SA owned approximately 0.07% of CF Industries worth $9,837,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Blair William & Co. IL grew its holdings in shares of CF Industries by 0.8% during the first quarter. Blair William & Co. IL now owns 76,830 shares of the basic materials company’s stock worth $7,918,000 after purchasing an additional 634 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in shares of CF Industries during the 1st quarter valued at $245,000. Sequoia Financial Advisors LLC bought a new stake in shares of CF Industries during the 1st quarter worth $232,000. National Pension Service purchased a new position in CF Industries in the first quarter worth $27,765,000. Finally, Vanguard Group Inc. increased its stake in CF Industries by 0.4% in the first quarter. Vanguard Group Inc. now owns 25,747,358 shares of the basic materials company’s stock valued at $2,653,523,000 after acquiring an additional 94,482 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Douglas C. Barnard sold 9,700 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $80.37, for a total value of $779,589.00. Following the sale, the executive vice president now owns 15,089 shares in the company, valued at approximately $1,212,702.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Douglas C. Barnard sold 9,700 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $80.37, for a total transaction of $779,589.00. Following the sale, the executive vice president now directly owns 15,089 shares of the company’s stock, valued at approximately $1,212,702.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Douglas C. Barnard sold 17,000 shares of CF Industries stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $61.28, for a total transaction of $1,041,760.00. Following the completion of the transaction, the vice president now directly owns 24,789 shares of the company’s stock, valued at $1,519,069.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,700 shares of company stock worth $2,736,199. 0.44% of the stock is currently owned by company insiders.

CF Industries Stock Up 0.1 %

CF stock opened at $79.14 on Tuesday. CF Industries Holdings, Inc. has a fifty-two week low of $60.08 and a fifty-two week high of $119.60. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 6.55, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05. The business’s 50 day moving average price is $75.38 and its two-hundred day moving average price is $74.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 6.03 and a current ratio of 6.55.

CF Industries (NYSE:CF – Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.55. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.85 billion. CF Industries had a return on equity of 31.18% and a net margin of 27.36%. As a group, analysts forecast that CF Industries Holdings, Inc. will post 7.99 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, August 14th. CF Industries’s payout ratio is currently 13.25%.

Wall Street Analysts Forecast Growth

CF has been the subject of a number of research reports. Credit Suisse Group upped their price objective on CF Industries from $66.00 to $71.00 and gave the stock an “underperform” rating in a report on Thursday, August 3rd. JPMorgan Chase & Co. boosted their price objective on shares of CF Industries from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Mizuho upped their price objective on shares of CF Industries from $83.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Stifel Nicolaus decreased their target price on shares of CF Industries from $76.00 to $74.00 in a research report on Friday, June 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of CF Industries in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average target price of $91.06.

Get Our Latest Research Report on CF

CF Industries Profile

(Free Report)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.