Allianz Asset Management GmbH Grows Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Allianz Asset Management GmbH raised its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 21.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,004,598 shares of the basic materials company's stock after acquiring an additional 177,191 shares during the quarter. Allianz Asset Management GmbH owned about 0.59% of CF Industries worth $78,509,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Curat Global LLC bought a new position in shares of CF Industries during the 1st quarter worth about $25,000. Mizuho Bank Ltd. bought a new position in shares of CF Industries during the 4th quarter worth about $26,000. Golden State Wealth Management LLC lifted its position in CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 206 shares in the last quarter. Heck Capital Advisors LLC bought a new position in CF Industries in the 4th quarter valued at about $34,000. Finally, Grove Bank & Trust lifted its position in CF Industries by 118.5% in the 1st quarter. Grove Bank & Trust now owns 542 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 294 shares in the last quarter. Institutional investors own 93.06% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CF shares. Wolfe Research cut shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. Barclays raised their price target on shares of CF Industries from $91.00 to $95.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Morgan Stanley set a $95.00 price target on shares of CF Industries and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada set a $100.00 price target on shares of CF Industries and gave the company a "sector perform" rating in a research report on Monday, July 14th. Finally, Oppenheimer lowered shares of CF Industries from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $93.00.

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $100.23, for a total value of $1,002,300.00. Following the completion of the transaction, the executive vice president directly owned 87,923 shares of the company's stock, valued at $8,812,522.29. This trade represents a 10.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.71% of the company's stock.

CF Industries Stock Performance

Shares of CF stock traded up $0.72 during trading hours on Tuesday, hitting $91.71. 1,972,091 shares of the company were exchanged, compared to its average volume of 2,267,692. The firm has a fifty day simple moving average of $93.04 and a 200 day simple moving average of $85.49. The company has a current ratio of 2.59, a quick ratio of 2.22 and a debt-to-equity ratio of 0.41. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The stock has a market capitalization of $15.55 billion, a price-to-earnings ratio of 11.99 and a beta of 0.96.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.38. CF Industries had a net margin of 21.80% and a return on equity of 17.39%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business earned $1.03 EPS. CF Industries's revenue was up 13.1% compared to the same quarter last year. Research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.18%. CF Industries's dividend payout ratio is 26.35%.

CF Industries declared that its Board of Directors has approved a share repurchase program on Wednesday, May 7th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to reacquire up to 14.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

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.