CNH Industrial N.V. (NYSE:CNH) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its stake in CNH Industrial N.V. (NYSE:CNH - Free Report) by 8.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,502,797 shares of the company's stock after buying an additional 277,124 shares during the quarter. Allianz Asset Management GmbH owned about 0.28% of CNH Industrial worth $43,014,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CNH. Colonial Trust Co SC bought a new stake in shares of CNH Industrial in the 4th quarter worth about $25,000. Anchor Investment Management LLC bought a new stake in CNH Industrial in the fourth quarter worth about $26,000. Farther Finance Advisors LLC purchased a new position in shares of CNH Industrial during the fourth quarter valued at approximately $27,000. TD Waterhouse Canada Inc. purchased a new position in shares of CNH Industrial during the fourth quarter valued at approximately $29,000. Finally, Global X Japan Co. Ltd. bought a new position in shares of CNH Industrial during the first quarter valued at approximately $29,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Stock Up 0.8%

Shares of NYSE CNH traded up $0.10 during midday trading on Friday, reaching $13.31. 14,143,341 shares of the company's stock traded hands, compared to its average volume of 22,723,546. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 16.24 and a beta of 1.50. CNH Industrial N.V. has a one year low of $9.28 and a one year high of $14.27. 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 simple moving average is $13.01 and its 200-day simple moving average is $12.55.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $4.47 billion. The business's revenue for the quarter was down 20.5% compared to the same quarter last year. On average, analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Oddone Incisa sold 22,515 shares of CNH Industrial stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $285,940.50. Following the transaction, the chief financial officer owned 856,574 shares of the company's stock, valued at $10,878,489.80. The trade was a 2.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $140,373.10. Following the sale, the director owned 566,905 shares of the company's stock, valued at approximately $7,199,693.50. This represents a 1.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,246 shares of company stock worth $511,732 in the last three months. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CNH shares. Morgan Stanley decreased their price target on CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Truist Financial decreased their target price on CNH Industrial from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group boosted their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Evercore ISI raised their price target on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Finally, The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $14.88.

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.