Bank Julius Baer & Co. Ltd Zurich Sells 6,818 Shares of CF Industries Holdings, Inc. $CF

Bank Julius Baer & Co. Ltd Zurich reduced its position in CF Industries Holdings, Inc. (NYSE:CF) by 9.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,156 shares of the basic materials company’s stock after selling 6,818 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in CF Industries were worth $6,977,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its position in shares of CF Industries by 29.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,144 shares of the basic materials company’s stock valued at $324,000 after acquiring an additional 945 shares during the last quarter. Oak Thistle LLC purchased a new stake in CF Industries during the first quarter valued at $838,000. Machina Capital S.A.S. lifted its position in CF Industries by 187.1% during the first quarter. Machina Capital S.A.S. now owns 7,137 shares of the basic materials company’s stock valued at $558,000 after purchasing an additional 4,651 shares during the last quarter. Lifeworks Advisors LLC raised its position in shares of CF Industries by 12.8% during the 1st quarter. Lifeworks Advisors LLC now owns 5,386 shares of the basic materials company’s stock valued at $421,000 after buying an additional 611 shares in the last quarter. Finally, Brookwood Investment Group LLC bought a new position in shares of CF Industries in the 1st quarter valued at about $225,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Bank of America raised their price objective on CF Industries from $82.00 to $83.00 and gave the company an “underperform” rating in a research note on Tuesday, October 14th. Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Rothschild & Co Redburn boosted their price objective on shares of CF Industries from $78.00 to $86.00 in a research report on Monday, November 10th. Mizuho reduced their target price on shares of CF Industries from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $100.00 in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $95.64.

CF Industries Trading Up 0.8%

CF stock opened at $78.45 on Friday. 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 is $85.56 and its 200 day moving average is $88.63. The company has a market capitalization of $12.24 billion, a PE ratio of 10.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the firm earned $1.55 EPS. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, November 14th. CF Industries’s dividend payout ratio is currently 24.10%.

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.