Maple Capital Management Inc. decreased its position in CF Industries (NYSE:CF) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 315,970 shares of the basic materials company’s stock after selling 2,575 shares during the quarter. CF Industries comprises 3.5% of Maple Capital Management Inc.’s investment portfolio, making the stock its 5th largest holding. Maple Capital Management Inc. owned 0.14% of CF Industries worth $13,441,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CF. Bank of New York Mellon Corp boosted its position in shares of CF Industries by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,079,530 shares of the basic materials company’s stock valued at $258,623,000 after acquiring an additional 487,200 shares during the period. Geode Capital Management LLC raised its stake in shares of CF Industries by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 2,638,040 shares of the basic materials company’s stock valued at $112,002,000 after purchasing an additional 91,806 shares in the last quarter. Platinum Investment Management Ltd. acquired a new position in shares of CF Industries in the fourth quarter valued at $69,077,000. Schwab Charles Investment Management Inc. raised its stake in shares of CF Industries by 7.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,310,274 shares of the basic materials company’s stock valued at $55,740,000 after purchasing an additional 86,586 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of CF Industries by 3.5% in the third quarter. Legal & General Group Plc now owns 1,228,974 shares of the basic materials company’s stock valued at $43,202,000 after purchasing an additional 41,138 shares in the last quarter.
Shares of NYSE CF traded down $1.75 during midday trading on Friday, hitting $36.83. 3,400,192 shares of the company’s stock were exchanged, compared to its average volume of 3,212,875. The company has a market capitalization of $9,000.41, a P/E ratio of -147.32, a P/E/G ratio of 7.16 and a beta of 1.10. CF Industries has a 12 month low of $25.04 and a 12 month high of $45.00. The company has a current ratio of 2.53, a quick ratio of 2.05 and a debt-to-equity ratio of 0.70.
CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, February 14th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $988.91 million. CF Industries had a negative return on equity of 0.92% and a net margin of 8.67%. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.39) EPS. analysts predict that CF Industries will post 0.9 EPS for the current fiscal year.
CF has been the subject of several recent analyst reports. Zacks Investment Research upgraded CF Industries from a “sell” rating to a “hold” rating and set a $48.00 price objective for the company in a research note on Friday, February 23rd. Scotiabank set a $35.00 target price on CF Industries and gave the company a “hold” rating in a research note on Thursday, February 15th. Citigroup lowered CF Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 13th. Piper Jaffray set a $44.00 target price on CF Industries and gave the company a “hold” rating in a research note on Thursday, February 15th. Finally, Credit Suisse Group set a $40.00 price target on CF Industries and gave the company a “hold” rating in a report on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.27.
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CF Industries Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, Other, and Phosphate segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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