Allianz Asset Management GmbH Raises Stock Position in CF Industries Holdings, Inc. $CF

Key Points

• Allianz Asset Management GmbH increased its stock holdings in CF Industries by 72.1% in Q2, owning approximately 1.02% of the company worth $159 million.
• CF Industries recently announced a quarterly dividend of $0.50 per share, representing an annualized dividend yield of 2.3% with a payout ratio of 26.11%.
• Several analysts have lowered price targets for CF Industries, with the average rating being a "Hold" and an average price target of $95.21.

Allianz Asset Management GmbH grew its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 72.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,728,927 shares of the basic materials company's stock after purchasing an additional 724,329 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.02% of CF Industries worth $159,061,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Trust Co. of Toledo NA OH purchased a new position in shares of CF Industries in the 2nd quarter valued at $26,000. Zions Bancorporation National Association UT bought a new stake in shares of CF Industries in the 1st quarter worth approximately $27,000. Golden State Wealth Management LLC increased its stake 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 buying an additional 206 shares during the period. TCTC Holdings LLC grew its position in CF Industries by 114.1% in the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock worth $30,000 after acquiring an additional 202 shares in the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of CF Industries by 118.5% during the 1st quarter. Grove Bank & Trust now owns 542 shares of the basic materials company's stock worth $42,000 after buying an additional 294 shares during the period. Institutional investors and hedge funds own 93.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CF shares. Wells Fargo & Company dropped their target price on shares of CF Industries from $108.00 to $101.00 and set an "overweight" rating for the company in a research report on Monday, August 11th. HSBC lowered their target price on CF Industries from $104.00 to $95.00 and set a "hold" rating on the stock in a research report on Monday, September 15th. Mizuho upped their price objective on shares of CF Industries from $97.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, October 9th. UBS Group reduced their price objective on shares of CF Industries from $101.00 to $96.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. Finally, Barclays upgraded shares of CF Industries from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $95.00 to $100.00 in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $95.21.

CF Industries Stock Down 1.5%

Shares of NYSE CF opened at $85.44 on Thursday. 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 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 11.15 and a beta of 0.93. The business has a 50-day moving average of $86.58 and a 200-day moving average of $87.06.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.02. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The business's revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.30 earnings per share. Sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries's payout ratio is presently 26.11%.

About CF Industries

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.

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