Assenagon Asset Management S.A. Buys 111,664 Shares of CF Industries Holdings, Inc. $CF

Assenagon Asset Management S.A. raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 265.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,705 shares of the basic materials company’s stock after buying an additional 111,664 shares during the period. Assenagon Asset Management S.A.’s holdings in CF Industries were worth $19,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in CF Industries by 10.6% during the 3rd 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in CF Industries by 37.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock worth $333,501,000 after acquiring an additional 1,178,516 shares during the period. Boston Partners increased its position in CF Industries by 15.3% during the 3rd 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. Invesco Ltd. raised its holdings in shares of CF Industries by 12.0% in the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after purchasing an additional 381,716 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of CF Industries by 1.9% during 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 in the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 0.2%

CF stock opened at $105.73 on Friday. The company has a market capitalization of $16.24 billion, a P/E ratio of 9.50 and a beta of 0.38. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The firm’s fifty day simple moving average is $116.39 and its 200-day simple moving average is $105.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, beating the consensus estimate of $2.63 by $1.35. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $1.85 earnings per share. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 15.6 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently declared 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 1.9%. CF Industries’s dividend payout ratio is 17.97%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CF. Royal Bank Of Canada increased their target price on CF Industries from $100.00 to $125.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 7th. The Goldman Sachs Group lowered their price target on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. Berenberg Bank boosted their price objective on shares of CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. BMO Capital Markets increased their target price on shares of CF Industries from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Finally, HSBC lowered their target price on shares of CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, CF Industries currently has an average rating of “Hold” and an average target price of $118.50.

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.