On October 8, 2023, it was reported that Vontobel Holding Ltd. decreased its position in CF Industries Holdings, Inc. (NYSE:CF) by 15.6% during the second quarter of the year. This information was disclosed in the company’s most recent filing with the SEC. The institutional investor had owned 104,211 shares of CF Industries’ stock but sold 19,227 shares during the period, resulting in a reduction of their ownership to 0.05% of the company’s total worth. At the end of the second quarter, Vontobel Holding Ltd.’s stake in CF Industries was valued at $7,234,000.
In terms of CF Industries’ financial performance, on August 2nd, the basic materials company announced its quarterly earnings data for the same period. It reported earnings per share (EPS) of $2.70 for the quarter, surpassing analysts’ consensus estimates by $0.55 ($2.15 expected). The company generated a revenue of $1.78 billion during this time frame compared to an estimated revenue of $1.85 billion according to analysts’ expectations.
Furthermore, CF Industries showcased impressive financial metrics with a net margin of 27.36% and a return on equity (ROE) of 31.18%. These figures indicate strong profitability and efficient utilization of shareholders’ investments.
Looking ahead to the current fiscal year, equities research analysts predict that CF Industries Holdings will post an EPS of 7.99 based on average estimates.
In other news related to CF Industries Holdings, Inc., Executive Vice President Douglas C. Barnard sold 9,700 shares on Monday, August 7th at an average price per share of $80.37 and accumulated proceeds totaling $779,589 from this transaction alone.
Following this sale, Barnard’s remaining equity stake in CF industries amounted to 15,089 shares, which were valued at approximately $1,212,702.93.
It is noteworthy to mention that this transaction was officially disclosed in a document filed with the SEC. Interested parties can access this document using the hyperlink provided.
Lastly, it is important to note that 0.42% of CF Industries’ stock is owned by insiders, reflecting their belief and confidence in the company’s future prospects.
Overall, these developments in CF Industries Holdings, such as Vontobel Holding Ltd.’s reduction in its position, the strong financial performance announced for the second quarter, and the insider selling activity of Executive Vice President Douglas C. Barnard provide valuable insights into the current state and trajectory of the company’s operations and market presence.
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Hedge Funds and Institutions Show Active Interest in CF Industries Holdings, Inc.
CF Industries Holdings, Inc. is a basic materials company that has recently seen changes in its stakes from various hedge funds and institutional investors. Bank of New York Mellon Corp, for instance, increased its position in CF Industries by 35.8% during the first quarter, now owning over 3 million shares of the company’s stock. Similarly, Texas Permanent School Fund Corp raised its position by 46.7%, Moran Wealth Management LLC acquired a new stake worth approximately $1.1 million, Quantinno Capital Management LP increased its position by 120.4%, and Natixis raised its position by 17.1%. These moves indicate an active interest from hedge funds and institutional investors in CF Industries.
The company’s stock opened at $80.91 on Friday and has shown stability with its 50-day moving average price at $80.59 and its 200-day moving average price at $74.36. CF Industries has a market capitalization of $15.61 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 1.69, and a beta of 0.99. The fifty-two week performance for the stock shows a low of $60.08 and a high of $112.44.
Analysis reports on CF Industries have also been issued by research analysts to provide insights into the company’s future prospects. Piper Sandler recently increased their price target on CF Industries from $80 to $92 in their report on August 7th, while Bank of America boosted their target from $95 to $98 in their research note on the same day. Wells Fargo & Company also raised their target to the same range as Bank of America’s and gave the company an “overweight” rating in their research note on July 24th.
Furthermore, UBS Group increased their target to $99 and assigned a “buy” rating to CF Industries in their research note on September 26th. Royal Bank of Canada echoed this positive sentiment and set a price target of $95 with an “outperform” rating on the stock in their research report on August 8th. These reports indicate a generally positive outlook for CF Industries, with the consensus rating being “Hold” and an average price target of $91.94 based on data from Bloomberg.com.
In conclusion, CF Industries Holdings, Inc. has experienced changes in its stakes from several hedge funds and institutional investors, showcasing an active interest in the company’s stock. The stock has shown stability and its performance analysis indicates positive prospects. Research analyst reports have also provided a generally optimistic outlook for CF Industries. Investors should closely monitor the developments surrounding CF Industries to make informed investment decisions.
Reference:
“Bloomberg.com.”