Cyndeo Wealth Partners LLC Makes New $7.31 Million Investment in CNH Industrial N.V. (NYSE:CNH)

Cyndeo Wealth Partners LLC purchased a new position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 595,277 shares of the company's stock, valued at approximately $7,310,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNH. EverSource Wealth Advisors LLC acquired a new position in shares of CNH Industrial in the fourth quarter valued at approximately $25,000. Colonial Trust Co SC acquired a new stake in shares of CNH Industrial in the 4th quarter valued at about $25,000. Anchor Investment Management LLC bought a new stake in shares of CNH Industrial in the fourth quarter valued at about $26,000. Principal Securities Inc. acquired a new position in shares of CNH Industrial during the fourth quarter worth about $27,000. Finally, Farther Finance Advisors LLC acquired a new stake in CNH Industrial in the 4th quarter valued at approximately $27,000. 59.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 30th. Baird R W cut shares of CNH Industrial from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Wall Street Zen initiated coverage on CNH Industrial in a report on Wednesday, April 30th. They set a "sell" rating on the stock. Northland Capmk raised CNH Industrial from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Finally, Northland Securities upgraded CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.08.

CNH Industrial Price Performance

CNH stock traded down $0.22 during midday trading on Tuesday, reaching $12.76. 20,854,856 shares of the stock were exchanged, compared to its average volume of 13,732,773. CNH Industrial N.V. has a 52 week low of $9.28 and a 52 week high of $13.87. The company has a fifty day moving average price of $12.39 and a 200 day moving average price of $12.26. The company has a debt-to-equity ratio of 3.29, a current ratio of 13.41 and a quick ratio of 11.18. The stock has a market capitalization of $15.94 billion, a PE ratio of 15.56 and a beta of 1.52.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly 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. The company had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $4.47 billion. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. CNH Industrial's revenue for the quarter was down 20.5% on a year-over-year basis. As a group, analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

CNH Industrial Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were given a $0.25 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, May 21st.

Insider Activity

In other news, CTO Jay Schroeder sold 2,154 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $27,355.80. Following the transaction, the chief technology officer now directly owns 32,762 shares of the company's stock, valued at $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Suzanne Heywood sold 11,053 shares of the firm's 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 now directly owns 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,246 shares of company stock valued at $511,732. Insiders own 0.23% of the company's stock.

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.