1,623,833 Shares in CF Industries (NYSE:CF) Purchased by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. purchased a new stake in shares of CF Industries (NYSE:CF) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,623,833 shares of the basic materials company’s stock, valued at approximately $69,077,000. CF Industries comprises about 1.8% of Platinum Investment Management Ltd.’s portfolio, making the stock its 21st biggest holding. Platinum Investment Management Ltd. owned about 0.70% of CF Industries as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado lifted its stake in shares of CF Industries by 3.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 46,022 shares of the basic materials company’s stock worth $1,958,000 after purchasing an additional 1,485 shares during the period. Hermes Investment Management Ltd. lifted its stake in shares of CF Industries by 6.2% in the 4th quarter. Hermes Investment Management Ltd. now owns 25,675 shares of the basic materials company’s stock worth $1,092,000 after purchasing an additional 1,500 shares during the period. APG Asset Management N.V. lifted its stake in shares of CF Industries by 0.5% in the 4th quarter. APG Asset Management N.V. now owns 318,685 shares of the basic materials company’s stock worth $11,290,000 after purchasing an additional 1,500 shares during the period. Chevy Chase Trust Holdings Inc. lifted its stake in shares of CF Industries by 0.9% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 207,394 shares of the basic materials company’s stock worth $7,292,000 after purchasing an additional 1,903 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of CF Industries by 6.7% in the 4th quarter. Gabelli Funds LLC now owns 32,000 shares of the basic materials company’s stock worth $1,361,000 after purchasing an additional 2,000 shares during the period.

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Several brokerages have recently weighed in on CF. Berenberg Bank began coverage on shares of CF Industries in a research note on Thursday, March 29th. They issued a “hold” rating and a $38.00 price objective on the stock. ValuEngine upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Stephens set a $43.00 target price on shares of CF Industries and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Citigroup cut shares of CF Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 13th. Finally, Piper Jaffray set a $44.00 target price on shares of CF Industries and gave the stock a “hold” rating in a research note on Thursday, February 15th. Four equities 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 an average price target of $38.27.

CF Industries stock opened at $36.83 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.05 and a current ratio of 2.53. CF Industries has a 1 year low of $25.04 and a 1 year high of $45.00.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.06. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $988.91 million. CF Industries had a net margin of 8.67% and a negative return on equity of 0.92%. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.39) earnings per share. analysts expect that CF Industries will post 0.9 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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