Assenagon Asset Management S.A. Grows Stock Position in CF Industries Holdings, Inc. $CF

Assenagon Asset Management S.A. boosted its position in CF Industries Holdings, Inc. (NYSE:CF) by 347.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 507,268 shares of the basic materials company’s stock after buying an additional 393,780 shares during the period. Assenagon Asset Management S.A.’s holdings in CF Industries were worth $45,502,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Planned Solutions Inc. raised its position in CF Industries by 3.5% during the 2nd quarter. Planned Solutions Inc. now owns 3,393 shares of the basic materials company’s stock worth $312,000 after buying an additional 114 shares during the last quarter. Nordea Investment Management AB raised its holdings in CF Industries by 0.8% during the second quarter. Nordea Investment Management AB now owns 15,262 shares of the basic materials company’s stock worth $1,395,000 after purchasing an additional 114 shares in the last quarter. Rowlandmiller & PARTNERS.ADV lifted its position in CF Industries by 4.1% in the second quarter. Rowlandmiller & PARTNERS.ADV now owns 3,325 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 130 shares during the period. Farther Finance Advisors LLC boosted its holdings in CF Industries by 7.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,838 shares of the basic materials company’s stock valued at $169,000 after purchasing an additional 131 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in CF Industries by 8.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,854 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 149 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. HSBC cut their target price on CF Industries from $95.00 to $91.00 and set a “hold” rating for the company in a research note on Monday, November 24th. BNP Paribas Exane reduced their target price on CF Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Mizuho lowered their price target on shares of CF Industries from $92.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of CF Industries in a report on Monday. Finally, Wall Street Zen downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CF Industries currently has an average rating of “Hold” and a consensus target price of $93.06.

CF Industries Stock Performance

NYSE:CF opened at $78.24 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $12.20 billion, a P/E ratio of 9.43 and a beta of 0.68. The firm has a 50-day moving average price of $81.75 and a two-hundred day moving average price of $87.49. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.06 by $0.13. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business earned $1.55 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. As a group, research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, November 14th. CF Industries’s dividend payout ratio is 24.10%.

CF Industries Company 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.