In a recent filing with the US Securities and Exchange Commission (SEC), the Swiss National Bank has disclosed that it has decreased its position in CF Industries Holdings, Inc. (NYSE: CF) by 10.4% during the fourth quarter of last year. According to the filing, the fund owned 809,900 shares of CF Industries after selling 94,166 shares during Q4 2019. Swiss National Bank’s ownership of CF Industries stands at around 0.41%, or about $69m worth based on market value, as of its most recent SEC reporting.
CF Industries is a world leader in nitrogen fertilizer production and distribution. The company owns and operates nitrogen plants that distribute agricultural and industrial products through its segmented structure consisting of Ammonia, Granular Urea, UAN, AN and Other products. The firm’s most recent earnings report from May 1st reported impressive earnings results which exceeded analyst estimates by $0.22 per share for a net EPS of $2.85 during Q1 2020.
The company also maintained strong financial indicators with a return on equity above average at an impressive 42.23% indicating high profits derived from usage of shareholder capital; demonstrating potential for future growth opportunities within this field.
Despite revenue being down nearly 30% compared to last year’s previous quarter, analysts expect positive outcomes going forward into this fiscal year and anticipate standing at approximately $8.98 earnings per share.
The decreasing ownership by Swiss National Bank does not necessarily imply anything negative towards the company’s outlook but rather reflects the bank’s ongoing endeavour toward maintaining diversified portfolios across sectors and industries with emerging trends that appear stronger than ever before- ensuring clients are provided maximum safety as we navigate these uncertain times together.
As investors look forward into future quarters post covid-era recovery growth estimates suggests signs of improvements toward sustained output levels providing potential for even greater returns both for existing as well as any prospective investors in this and similar industries. Best practices moving forward recommended for any investor is to remain informed on the latest developments surrounding CF Industries or any other companies with interests within similar sectors of growth.
CF Industries: An Overview of Hedge Fund Activities
The stock of CF Industries Holdings, Inc. opened at $67.58 on Tuesday and has been subject to a fair degree of interest among hedge funds and institutional investors in recent times. Several other hedge funds and institutional investors have either added or reduced their stakes in the company. For instance, Pacer Advisors Inc. boosted its stake by 83.1% in Q4 to own 1,971,287 shares valued at $167,954,000 after acquiring an additional 894,857 shares; Renaissance Technologies LLC did the same in Q3 by increasing its stake by 48.5% to own 1,716,450 shares valued at $165,208,000 after acquiring an additional 560,800 shares; Price T Rowe Associates Inc. MD increased its stake by 4.80% in Q3 to own 11,789,927 shares valued at $1,134,783,000 after acquiring an additional 544263 shares; Jacobs Levy Equity Management Inc., during the same quarter boosted its stake by 316.30% now owning 482822 shares valued at $46,472000 after acquiring an additional 366839 shares and lastly Clean Energy Transition LLP also increased it’s stake for CF Industries but during Q1 boosting it’s value by almost three times.
CF Industries Holdings is a leading global manufacturer and distributor of nitrogen fertilizer with operations segmented into Ammonia Granular Urea UAN AN ad Other through which it serves both agricultural and industrial customers via its distribution system network.
Recently declared quarterly dividends ensured shareholders were paid on Wednesday May 31st with records showing payments amounting to $0.40 per share for those recorded on May 15th for this dividend exchange period alone.
Several research firms have weighed in on CF rating wise over time as well with Citigroup dropping their purchase target price from a high of $126.00 to $100.00 (buy rating.) Scotiabank raised it’s CF Industries stock evaluation from a ‘sector perform’ rating to an outperforming alternative with a price target of $95.00 and Goldman Sacks Group set theirs at $110.00 though it’s initial projection had been set at $126.00 too; both credit Suisse Group as well as BMO Capital Markets gave estimated projections of in-house price target values for CF Industries lowering in the most recent quarter whilst one research analyst branded its current stock as sell rating given poorer recent performance data.
With a market capitalization of is presently valued at $13.17 billion and has a beta value of 1.01, CF Industries Holdings has continued to face changing markets, coming off the back of riveting performances, market slumps, and industry-based uncertainties all calling into question both growth and long-term investment viability analysts believe investors need to keep actively in touch with CF Industries news updates before transacting terms with the blue chip company rated by Bloomberg.com under consensus classification as Moderate Buy/Long Term Positive among casual traders on the site.
Source: https://beststocks.com/swiss-national-bank-reduces-cf-industries-holdings/
