44 Wealth Management LLC Boosts Stock Holdings in CNH Industrial N.V. (NYSE:CNH)

44 Wealth Management LLC increased its holdings in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 116.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,219 shares of the company's stock after buying an additional 34,593 shares during the period. 44 Wealth Management LLC's holdings in CNH Industrial were worth $789,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CNH. Colonial Trust Co SC acquired a new position in shares of CNH Industrial during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of CNH Industrial during the 4th quarter valued at $25,000. Anchor Investment Management LLC bought a new stake in CNH Industrial during the 4th quarter valued at $26,000. Global X Japan Co. Ltd. bought a new stake in CNH Industrial during the 1st quarter valued at $29,000. Finally, Farther Finance Advisors LLC bought a new stake in CNH Industrial during the 4th quarter valued at $27,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNH has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Morgan Stanley reduced their price target on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen started coverage on shares of CNH Industrial in a research report on Wednesday, April 30th. They set a "sell" rating for the company. Northland Capmk upgraded shares of CNH Industrial from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Finally, Northland Securities upgraded shares of CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 price target for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.08.

Insider Activity at CNH Industrial

In other CNH Industrial news, Director Suzanne Heywood sold 11,053 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $140,373.10. Following the completion of the transaction, the director owned 566,905 shares in the company, valued at $7,199,693.50. This trade represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Jay Schroeder sold 2,154 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $27,355.80. Following the transaction, the chief technology officer owned 32,762 shares of the company's stock, valued at $416,077.40. This trade represents a 6.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,246 shares of company stock worth $511,732 in the last three months. Insiders own 1.00% of the company's stock.

CNH Industrial Stock Down 1.9%

CNH Industrial stock traded down $0.26 during trading hours on Friday, hitting $13.50. The stock had a trading volume of 16,915,592 shares, compared to its average volume of 14,545,142. The company has a quick ratio of 11.18, a current ratio of 13.41 and a debt-to-equity ratio of 3.29. The stock's 50-day moving average price is $12.81 and its 200-day moving average price is $12.34. CNH Industrial N.V. has a 12-month low of $9.28 and a 12-month high of $13.87. The stock has a market capitalization of $16.87 billion, a P/E ratio of 16.46 and a beta of 1.50.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $4.47 billion. CNH Industrial had a net margin of 5.53% and a return on equity of 14.32%. CNH Industrial's revenue was down 20.5% compared to the same quarter last year. Equities research analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

About CNH Industrial

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.