CF Industries Holdings, Inc. $CF Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,624,910 shares of the basic materials company’s stock after acquiring an additional 431,868 shares during the quarter. Allianz Asset Management GmbH’s holdings in CF Industries were worth $203,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CF. Victory Capital Management Inc. increased its stake in CF Industries by 10.6% in the third quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock valued at $449,742,000 after purchasing an additional 480,126 shares during the period. Boston Partners increased its stake in CF Industries by 15.3% in the third quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock valued at $321,852,000 after purchasing an additional 476,769 shares during the period. Ameriprise Financial Inc. increased its stake in CF Industries by 1.9% in the third quarter. Ameriprise Financial Inc. now owns 3,351,194 shares of the basic materials company’s stock valued at $300,602,000 after purchasing an additional 63,938 shares during the period. Dimensional Fund Advisors LP increased its stake in CF Industries by 22.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,133,709 shares of the basic materials company’s stock valued at $281,104,000 after purchasing an additional 568,710 shares during the period. Finally, Northern Trust Corp increased its stake in CF Industries by 4.0% in the third quarter. Northern Trust Corp now owns 2,984,291 shares of the basic materials company’s stock valued at $267,691,000 after purchasing an additional 114,788 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CF Industries

In other CF Industries news, VP Erik M. Mayer sold 1,500 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $124.69, for a total value of $187,035.00. Following the sale, the vice president owned 6,341 shares of the company’s stock, valued at $790,659.29. This represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $126.00, for a total transaction of $756,000.00. Following the completion of the sale, the executive vice president directly owned 69,472 shares in the company, valued at $8,753,472. This trade represents a 7.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 35,290 shares of company stock worth $4,690,711 in the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Berenberg Bank lifted their price objective on shares of CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Morgan Stanley lifted their price objective on shares of CF Industries from $95.00 to $135.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. BMO Capital Markets lifted their price objective on shares of CF Industries from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Wells Fargo & Company lifted their target price on shares of CF Industries from $100.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $119.00.

CF Industries Stock Down 0.9%

CF stock opened at $108.43 on Wednesday. The company has a market cap of $16.66 billion, a P/E ratio of 9.74 and a beta of 0.38. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The company’s 50-day moving average price is $121.95 and its 200 day moving average price is $103.20. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 earnings per share. On average, research analysts expect that CF Industries Holdings, Inc. will post 14.39 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. CF Industries’s payout ratio is currently 17.97%.

CF Industries Company Profile

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.