Assenagon Asset Management S.A. Has $3.25 Million Holdings in CF Industries Holdings, Inc. $CF

Assenagon Asset Management S.A. decreased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 91.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 42,041 shares of the basic materials company’s stock after selling 465,227 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CF Industries were worth $3,251,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in shares of CF Industries by 78.0% in the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 128 shares during the last quarter. True Wealth Design LLC boosted its position in shares of CF Industries by 396.2% during the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock valued at $35,000 after buying an additional 309 shares during the last quarter. Eastern Bank purchased a new position in shares of CF Industries during the third quarter valued at approximately $35,000. Peterson Wealth Services grew its holdings in CF Industries by 451.3% during the third quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after buying an additional 361 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in CF Industries during the third quarter worth $41,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Scotiabank raised their price objective on CF Industries from $82.00 to $85.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Bank of America upped their target price on shares of CF Industries from $86.00 to $103.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 18th. JPMorgan Chase & Co. raised their price target on shares of CF Industries from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Barclays boosted their price target on shares of CF Industries from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Finally, BNP Paribas Exane increased their price objective on shares of CF Industries from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CF Industries has an average rating of “Hold” and an average target price of $104.60.

CF Industries Stock Up 0.0%

Shares of NYSE:CF opened at $136.46 on Monday. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $137.44. The company has a market capitalization of $20.96 billion, a PE ratio of 15.16 and a beta of 0.68. The business has a fifty day moving average price of $104.62 and a two-hundred day moving average price of $90.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.37 and a quick ratio of 2.93.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.06. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.78 billion. CF Industries had a net margin of 20.54% and a return on equity of 19.84%. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. Analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, February 13th. CF Industries’s payout ratio is presently 22.22%.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 18,041 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $136.06, for a total transaction of $2,454,658.46. Following the completion of the transaction, the executive vice president directly owned 55,762 shares of the company’s stock, valued at $7,586,977.72. This represents a 24.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard A. Hoker sold 6,184 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $109.33, for a total transaction of $676,096.72. Following the sale, the vice president owned 34,535 shares of the company’s stock, valued at approximately $3,775,711.55. The trade was a 15.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 82,408 shares of company stock valued at $9,971,298 over the last quarter. 0.51% of the stock is currently owned by insiders.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.