CNH Industrial N.V. (NYSE:CNH) Shares Bought by 44 Wealth Management LLC

44 Wealth Management LLC grew its holdings in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 116.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,219 shares of the company's stock after buying an additional 34,593 shares during the quarter. 44 Wealth Management LLC's holdings in CNH Industrial were worth $789,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CNH. Artisan Partners Limited Partnership purchased a new position in shares of CNH Industrial during the 4th quarter valued at approximately $361,990,000. Vanguard Group Inc. purchased a new position in shares of CNH Industrial during the 4th quarter valued at approximately $359,303,000. Charles Schwab Investment Management Inc. purchased a new position in shares of CNH Industrial during the 4th quarter valued at approximately $233,474,000. Dimensional Fund Advisors LP purchased a new position in shares of CNH Industrial during the 4th quarter valued at approximately $162,095,000. Finally, Millennium Management LLC purchased a new position in shares of CNH Industrial during the 4th quarter valued at approximately $136,517,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CNH shares. Northland Securities upgraded CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a research note on Friday, April 11th. Wall Street Zen began coverage on CNH Industrial in a research note on Wednesday, April 30th. They set a "sell" rating for the company. Northland Capmk upgraded CNH Industrial from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Morgan Stanley reduced their price objective on CNH Industrial from $16.50 to $15.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Oppenheimer reduced their price objective on CNH Industrial from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CNH Industrial presently has a consensus rating of "Moderate Buy" and an average target price of $15.08.

CNH Industrial Stock Performance

NYSE CNH traded down $0.26 during trading hours on Friday, hitting $13.50. The company had a trading volume of 16,915,592 shares, compared to its average volume of 14,543,551. CNH Industrial N.V. has a fifty-two week low of $9.28 and a fifty-two week high of $13.87. 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 business has a fifty day simple moving average of $12.81 and a 200-day simple moving average of $12.34. The firm has a market cap 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 issued its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH Industrial's quarterly revenue was down 20.5% compared to the same quarter last year. Equities analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current year.

Insider Buying and Selling

In other CNH Industrial news, CFO Oddone Incisa sold 22,515 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $285,940.50. Following the sale, the chief financial officer directly owned 856,574 shares of the company's stock, valued at $10,878,489.80. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Jay Schroeder sold 2,154 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $27,355.80. Following the completion of the sale, the chief technology officer directly owned 32,762 shares in the company, valued at $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,246 shares of company stock valued at $511,732 over the last three months. Corporate insiders own 1.00% of the company's stock.

CNH Industrial Profile

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.