Assenagon Asset Management S.A. Increases Stake in CF Industries Holdings, Inc. $CF

Assenagon Asset Management S.A. increased its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 347.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm 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. owned about 0.31% of CF Industries worth $45,502,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of CF Industries in the 2nd quarter valued at approximately $129,574,000. Worldquant Millennium Advisors LLC acquired a new position in shares of CF Industries during the second quarter worth $96,560,000. Arrowstreet Capital Limited Partnership increased its holdings in CF Industries by 926.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company’s stock valued at $102,897,000 after buying an additional 1,009,455 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in CF Industries by 72.1% in the second quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock valued at $159,061,000 after buying an additional 724,329 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in CF Industries in the second quarter valued at $63,104,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF opened at $78.24 on Friday. The company’s 50 day simple moving average is $81.75 and its 200-day simple moving average is $87.49. The firm has a market cap of $12.20 billion, a PE ratio of 9.43 and a beta of 0.68. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39.

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

CF Industries Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a research report on Monday. UBS Group lowered their price target on CF Industries from $96.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Wells Fargo & Company assumed coverage on shares of CF Industries in a report on Tuesday, November 11th. They set an “overweight” rating and a $100.00 price objective on the stock. BNP Paribas cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Bank of America increased their target price on shares of CF Industries from $82.00 to $83.00 and gave the company an “underperform” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $93.06.

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.