Maple Capital Management Inc. Has $207,000 Stake in CF Industries Holdings, Inc. $CF

Maple Capital Management Inc. cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 47.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,250 shares of the basic materials company’s stock after selling 2,000 shares during the period. Maple Capital Management Inc.’s holdings in CF Industries were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CF. Envestnet Asset Management Inc. lifted its stake in CF Industries by 3.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 261,251 shares of the basic materials company’s stock valued at $20,417,000 after acquiring an additional 8,078 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of CF Industries by 3.5% in the first quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 158 shares during the last quarter. Cerity Partners LLC lifted its position in shares of CF Industries by 31.2% in the first quarter. Cerity Partners LLC now owns 17,208 shares of the basic materials company’s stock worth $1,345,000 after purchasing an additional 4,089 shares in the last quarter. CWM LLC lifted its position in shares of CF Industries by 14.2% in the first quarter. CWM LLC now owns 45,240 shares of the basic materials company’s stock worth $3,536,000 after purchasing an additional 5,636 shares in the last quarter. Finally, MQS Management LLC acquired a new position in CF Industries during the first quarter worth $261,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CF shares. Wells Fargo & Company assumed coverage on shares of CF Industries in a research note on Tuesday. They set an “overweight” rating and a $100.00 price objective for the company. HSBC dropped their target price on CF Industries from $104.00 to $95.00 and set a “hold” rating on the stock in a report on Monday, September 15th. JPMorgan Chase & Co. upgraded CF Industries from an “underweight” rating to a “neutral” rating and raised their price target for the company from $75.00 to $92.00 in a research note on Tuesday, July 29th. Wolfe Research raised CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Royal Bank Of Canada cut their price objective on CF Industries from $100.00 to $95.00 and set a “sector perform” rating for the company in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $96.38.

CF Industries Trading Up 1.0%

Shares of CF Industries stock opened at $83.69 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. The business has a fifty day simple moving average of $86.17 and a two-hundred day simple moving average of $88.67. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 10.92 and a beta of 0.89.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.13. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the firm earned $1.55 EPS. The business’s revenue was up 21.1% on a year-over-year basis. Research analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. CF Industries’s payout ratio is currently 24.10%.

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.