CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 4.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 115,953 shares of the basic materials company’s stock after selling 5,520 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in CF Industries were worth $9,218,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in CF Industries during the fourth quarter worth about $29,000. ORG Partners LLC boosted its stake in CF Industries by 428.6% during the third quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock worth $32,000 after buying an additional 300 shares during the period. Bruce G. Allen Investments LLC purchased a new position in CF Industries during the fourth quarter worth about $32,000. Meeder Asset Management Inc. purchased a new position in CF Industries during the fourth quarter worth about $36,000. Finally, Larson Financial Group LLC purchased a new position in shares of CF Industries in the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Berenberg Bank lifted their target price on shares of CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of CF Industries in a report on Friday, February 16th. UBS Group lowered shares of CF Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $95.00 to $83.00 in a research report on Wednesday, January 31st. Finally, Wolfe Research initiated coverage on shares of CF Industries in a research report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, CF Industries currently has an average rating of “Hold” and an average price target of $86.47.

Insider Activity at CF Industries

In related news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the sale, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.42% of the stock is owned by corporate insiders.

CF Industries Price Performance

Shares of NYSE CF traded up $0.04 during trading on Friday, hitting $80.01. 1,380,427 shares of the company were exchanged, compared to its average volume of 2,455,620. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 2.25 and a beta of 1.03. CF Industries Holdings, Inc. has a 1 year low of $60.08 and a 1 year high of $87.90. The firm’s fifty day moving average price is $81.55 and its 200 day moving average price is $79.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 3.44.

CF Industries (NYSE:CF) last issued its earnings results on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.12). The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. CF Industries’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.35 earnings per share. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 5.86 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 Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.50%. CF Industries’s payout ratio is 25.51%.

About CF Industries

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.