Allianz Asset Management GmbH Has $70.59 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

Allianz Asset Management GmbH lifted its position in CF Industries Holdings, Inc. (NYSE:CF) by 30.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 827,407 shares of the basic materials company’s stock after buying an additional 193,487 shares during the quarter. Allianz Asset Management GmbH’s holdings in CF Industries were worth $70,594,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CF. Ieq Capital LLC boosted its stake in shares of CF Industries by 544.4% during the 4th quarter. Ieq Capital LLC now owns 20,091 shares of the basic materials company’s stock worth $1,714,000 after acquiring an additional 16,973 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in shares of CF Industries in the fourth quarter valued at $1,200,000. Venturi Wealth Management LLC boosted its stake in CF Industries by 1,609.0% during the fourth quarter. Venturi Wealth Management LLC now owns 3,213 shares of the basic materials company’s stock worth $274,000 after buying an additional 3,025 shares in the last quarter. D.A. Davidson & CO. bought a new stake in CF Industries in the fourth quarter valued at about $475,000. Finally, Truist Financial Corp raised its holdings in shares of CF Industries by 13.6% in the 4th quarter. Truist Financial Corp now owns 8,468 shares of the basic materials company’s stock worth $722,000 after buying an additional 1,011 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays downgraded CF Industries from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $96.00 to $100.00 in a research report on Tuesday, January 21st. UBS Group reduced their price target on CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday. Oppenheimer decreased their price target on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Finally, Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective for the company. in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus price target of $92.29.

CF Industries Trading Down 2.9 %

Shares of NYSE:CF opened at $77.90 on Friday. The business’s 50 day simple moving average is $87.91 and its 200 day simple moving average is $85.50. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The company has a market capitalization of $13.56 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.39 and a beta of 0.98.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a return on equity of 15.33% and a net margin of 20.52%. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.57%. CF Industries’s dividend payout ratio is currently 29.54%.

Insiders Place Their Bets

In other news, EVP Susan L. Menzel sold 3,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of the transaction, the executive vice president now owns 62,768 shares of the company’s stock, valued at approximately $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the transaction, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,389 shares of company stock valued at $1,455,965 in the last 90 days. Corporate insiders own 0.42% of the company’s stock.

CF Industries 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.