Bank Pictet & Cie Europe AG Takes Position in CF Industries Holdings, Inc. $CF

Key Points

• Bank Pictet & Cie Europe AG has acquired a new stake in CF Industries Holdings, purchasing 15,080 shares valued at approximately $1.39 million during the 2nd quarter.
• CF Industries recently announced quarterly earnings of $2.37 per share, exceeding analysts' expectations, with a revenue increase of 20.2% year-over-year totaling $1.89 billion.
• The company declared a quarterly dividend of $0.50 per share, representing an annualized dividend of $2.00 and a dividend yield of 2.2%.

Bank Pictet & Cie Europe AG acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,080 shares of the basic materials company's stock, valued at approximately $1,387,000.

Other large investors also recently modified their holdings of the company. QRG Capital Management Inc. raised its position in shares of CF Industries by 21.8% in the first quarter. QRG Capital Management Inc. now owns 14,356 shares of the basic materials company's stock valued at $1,122,000 after purchasing an additional 2,572 shares during the period. Golden State Wealth Management LLC raised its position in shares of CF Industries by 119.8% in the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 206 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of CF Industries by 1,497.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,240 shares of the basic materials company's stock valued at $8,537,000 after purchasing an additional 102,401 shares during the period. Talaria Asset Management Pty Ltd raised its position in shares of CF Industries by 77.0% in the first quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company's stock valued at $45,640,000 after purchasing an additional 254,000 shares during the period. Finally, Sarasin & Partners LLP bought a new position in shares of CF Industries in the first quarter valued at about $1,716,000. 93.06% of the stock is owned by institutional investors.

CF Industries Trading Down 2.0%

Shares of CF Industries stock opened at $89.84 on Friday. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of 11.73 and a beta of 0.95. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45. The firm's 50-day moving average price is $87.54 and its two-hundred day moving average price is $85.88.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $0.02. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business's revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 earnings per share. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, August 15th. CF Industries's dividend payout ratio (DPR) is presently 26.11%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Scotiabank reaffirmed a "sector perform" rating and set a $82.00 price target (up from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Bank of America reaffirmed an "underperform" rating and set a $82.00 price target (down from $93.00) on shares of CF Industries in a research report on Thursday, August 14th. Wells Fargo & Company lowered their price target on shares of CF Industries from $108.00 to $101.00 and set an "overweight" rating on the stock in a research report on Monday, August 11th. HSBC lowered their price target on shares of CF Industries from $104.00 to $95.00 and set a "hold" rating on the stock in a research report on Monday, September 15th. Finally, Morgan Stanley set a $95.00 price target on shares of CF Industries and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $95.00.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.

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