Comerica Bank decreased its position in shares of CNH Industrial NV (NYSE:CNHI) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,113 shares of the company’s stock after selling 1,452 shares during the quarter. Comerica Bank’s holdings in CNH Industrial were worth $722,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenleaf Trust boosted its position in CNH Industrial by 13.0% during the second quarter. Greenleaf Trust now owns 14,571 shares of the company’s stock valued at $150,000 after purchasing an additional 1,680 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of CNH Industrial by 7.5% in the first quarter. Wetherby Asset Management Inc. now owns 29,837 shares of the company’s stock worth $304,000 after purchasing an additional 2,071 shares during the last quarter. Ontario Teachers Pension Plan Board raised its stake in shares of CNH Industrial by 3.6% in the first quarter. Ontario Teachers Pension Plan Board now owns 70,966 shares of the company’s stock worth $722,000 after purchasing an additional 2,478 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of CNH Industrial in the second quarter worth about $125,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of CNH Industrial in the second quarter worth about $126,000. 18.86% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the company. Stephens set a $10.00 price objective on CNH Industrial and gave the stock a “hold” rating in a research note on Thursday, August 29th. ValuEngine lowered CNH Industrial from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. UBS Group raised their price objective on CNH Industrial from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley raised CNH Industrial from an “equal weight” rating to an “overweight” rating in a report on Monday, August 19th. Finally, Deutsche Bank raised CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a research note on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. CNH Industrial has a consensus rating of “Hold” and an average target price of $11.70.
NYSE:CNHI traded up $0.16 on Friday, reaching $11.20. The company’s stock had a trading volume of 195,361 shares, compared to its average volume of 2,057,522. CNH Industrial NV has a 12-month low of $8.41 and a 12-month high of $12.68. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 14.04 and a beta of 1.38. The company has a quick ratio of 4.01, a current ratio of 5.34 and a debt-to-equity ratio of 4.44. The stock has a 50 day moving average price of $9.74 and a 200 day moving average price of $10.09.
CNH Industrial (NYSE:CNHI) last released its earnings results on Thursday, August 1st. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.80 billion. CNH Industrial had a return on equity of 22.56% and a net margin of 3.97%. CNH Industrial’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. Equities research analysts expect that CNH Industrial NV will post 0.85 EPS for the current fiscal year.
CNH Industrial Profile
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
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