Pictet Asset Management Holding SA Sells 30,085 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Pictet Asset Management Holding SA trimmed its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 159,727 shares of the basic materials company's stock after selling 30,085 shares during the period. Pictet Asset Management Holding SA owned about 0.09% of CF Industries worth $13,628,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of CF Industries during the fourth quarter worth approximately $34,000. Creative Financial Designs Inc. ADV increased its holdings in CF Industries by 50.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 161 shares in the last quarter. Asset Planning Inc bought a new position in CF Industries in the 4th quarter valued at $44,000. Arlington Trust Co LLC raised its position in CF Industries by 422.0% in the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 460 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in CF Industries by 26.9% in the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock worth $49,000 after purchasing an additional 122 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Ashraf K. Malik sold 8,889 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the transaction, the vice president now owns 15,871 shares in the company, valued at $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $142,500.00. Following the sale, the executive vice president now owns 93,986 shares in the company, valued at approximately $8,928,670. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,889 shares of company stock valued at $1,130,955. 0.42% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on CF. Royal Bank of Canada reduced their price target on shares of CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. Piper Sandler increased their price target on shares of CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. UBS Group lowered their price target on shares of CF Industries from $92.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Oppenheimer reduced their price objective on CF Industries from $114.00 to $111.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut CF Industries from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $89.86.

CF Industries Trading Down 8.7 %

CF traded down $6.95 during midday trading on Friday, reaching $72.91. 4,001,482 shares of the company were exchanged, compared to its average volume of 2,083,132. The stock has a market capitalization of $12.36 billion, a P/E ratio of 10.77, a PEG ratio of 0.37 and a beta of 0.84. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $98.25. The stock's 50-day simple moving average is $80.94 and its 200 day simple moving average is $85.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries's payout ratio is presently 29.54%.

CF Industries 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.