CF Industries Holdings, Inc. $CF Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its CF Industries stake by 407.5% in the third quarter, purchasing 1.09 million additional shares to own approximately 0.89% of the company, valued at $170.1 million.
• Institutional investors own 93.06% of CF Industries, with BlackRock, Dimensional Fund Advisors, Bank of America, Bank of New York Mellon and UBS among other major shareholders adding or initiating positions.
• CF Industries reported quarterly EPS of $4.73, below the $5.63 consensus estimate, while revenue rose 17.6% year over year to $2.22 billion. The company maintained a quarterly dividend of $0.60 per share, representing a 2.0% annualized yield.

Assenagon Asset Management S.A. boosted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 407.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,352,013 shares of the basic materials company's stock after purchasing an additional 1,085,612 shares during the quarter. Assenagon Asset Management S.A. owned about 0.89% of CF Industries worth $170,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in CF Industries in the second quarter valued at approximately $1,410,607,000. Dimensional Fund Advisors LP boosted its holdings in CF Industries by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company's stock worth $579,062,000 after acquiring an additional 146,682 shares in the last quarter. Bank of America Corp DE boosted its holdings in CF Industries by 8.4% in the first quarter. Bank of America Corp DE now owns 2,048,671 shares of the basic materials company's stock worth $265,999,000 after acquiring an additional 158,119 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in CF Industries in the second quarter worth about $198,857,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of CF Industries by 1.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,747,078 shares of the basic materials company's stock worth $189,139,000 after acquiring an additional 32,293 shares during the last quarter. Institutional investors own 93.06% of the company's stock.

CF Industries Trading Up 0.3%

CF Industries stock opened at $119.83 on Friday. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The company has a market capitalization of $18.14 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53. The stock has a 50-day moving average price of $123.65 and a 200 day moving average price of $120.31.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the previous year, the firm posted $2.37 earnings per share. The business's revenue was up 17.6% on a year-over-year basis. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 13.90 EPS for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, November 16th. CF Industries's dividend payout ratio (DPR) is 17.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CF shares. Weiss Ratings upgraded shares of CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 16th. Rothschild & Co Redburn upgraded shares of CF Industries from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $98.00 to $110.00 in a research note on Monday, September 28th. set a $115.00 target price on shares of CF Industries and gave the stock a "sector perform" rating in a research note on Monday, October 5th. Wall Street Zen downgraded shares of CF Industries from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. Finally, Scotiabank upped their price target on shares of CF Industries from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $121.11.

CF Industries Company Profile

CF Industries Holdings, Inc NYSE: CF is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.

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