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

Assenagon Asset Management S.A. trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 91.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its position in CF Industries by 78.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 128 shares during the period. True Wealth Design LLC lifted its position in shares of CF Industries by 396.2% in the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 309 shares during the period. Eastern Bank bought a new stake in shares of CF Industries in the 3rd quarter valued at $35,000. Peterson Wealth Services boosted its stake in shares of CF Industries by 451.3% in the 3rd quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 361 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of CF Industries during the third quarter worth $41,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CF. Rothschild & Co Redburn set a $72.00 target price on shares of CF Industries in a research note on Wednesday, February 4th. Bank of America increased their price target on CF Industries from $86.00 to $103.00 and gave the stock an “underperform” rating in a report on Wednesday, March 18th. Scotiabank lifted their price objective on CF Industries from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Weiss Ratings raised CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Finally, Mizuho restated an “underperform” rating and set a $100.00 target price (up from $95.00) on shares of CF Industries in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $104.60.

CF Industries Trading Up 0.0%

NYSE:CF opened at $136.46 on Monday. The company has a current ratio of 3.37, a quick ratio of 2.93 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $20.96 billion, a price-to-earnings ratio of 15.16 and a beta of 0.68. The firm has a fifty day simple moving average of $104.62 and a two-hundred day simple moving average of $90.49. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $137.44.

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

CF Industries Dividend Announcement

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

Insider Transactions at CF Industries

In other news, SVP Michael Patrick Mcgrane sold 3,666 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $116.50, for a total transaction of $427,089.00. Following the transaction, the senior vice president directly owned 19,161 shares of the company’s stock, valued at $2,232,256.50. This represents a 16.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Richard A. Hoker sold 6,184 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $109.33, for a total value of $676,096.72. Following the completion of the transaction, the vice president owned 34,535 shares in the company, valued at approximately $3,775,711.55. This represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,408 shares of company stock worth $9,971,298 in the last three months. Insiders own 0.51% of the company’s stock.

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.