Arrowstreet Capital Limited Partnership Makes New Investment in CNH Industrial N.V. $CNH

Key Points

• Arrowstreet Capital purchased 575,662 shares of CNH Industrial during the first quarter, valued at approximately $6.3 million. Institutional investors collectively own 59.88% of the company.
• Analyst sentiment is mixed, with six Buy, six Hold and one Sell rating; the consensus rating is Hold with an average price target of $12.77.
• CNH shares opened at $10.28, within a 52-week range of $9.00 to $13.31. First-quarter earnings met expectations at $0.01 per share, while revenue reached $3.83 billion and declined slightly year over year.

Arrowstreet Capital Limited Partnership purchased a new stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 575,662 shares of the company's stock, valued at approximately $6,332,000.

A number of other hedge funds have also modified their holdings of CNH. Measured Wealth Private Client Group LLC purchased a new position in shares of CNH Industrial during the 3rd quarter valued at $29,000. Rothschild Investment LLC raised its stake in CNH Industrial by 1,734.2% during the 4th quarter. Rothschild Investment LLC now owns 3,485 shares of the company's stock valued at $32,000 after purchasing an additional 3,295 shares during the period. Kestra Advisory Services LLC purchased a new position in CNH Industrial in the 4th quarter worth approximately $34,000. Advisory Services Network LLC bought a new position in CNH Industrial in the 3rd quarter worth approximately $37,000. Finally, Clearstead Advisors LLC grew its stake in CNH Industrial by 52.5% during the fourth quarter. Clearstead Advisors LLC now owns 5,145 shares of the company's stock valued at $47,000 after acquiring an additional 1,771 shares in the last quarter. 59.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CNH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on CNH Industrial from $9.50 to $10.00 and gave the stock an "underweight" rating in a research report on Monday, July 13th. Sanford C. Bernstein started coverage on CNH Industrial in a research note on Thursday, May 7th. They issued a "market perform" rating and a $11.00 price objective on the stock. The Goldman Sachs Group cut CNH Industrial from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $12.00 to $10.50 in a report on Monday, May 11th. Evercore set a $12.25 target price on CNH Industrial in a research report on Monday, May 11th. Finally, Weiss Ratings raised shares of CNH Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.77.

CNH Industrial Price Performance

Shares of CNH Industrial stock opened at $10.28 on Monday. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 33.15, a price-to-earnings-growth ratio of 1.96 and a beta of 1.15. The company has a debt-to-equity ratio of 3.32, a quick ratio of 10.17 and a current ratio of 12.27. The stock has a 50 day moving average price of $10.60 and a 200-day moving average price of $10.95. CNH Industrial N.V. has a one year low of $9.00 and a one year high of $13.31.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.80 billion. CNH Industrial had a return on equity of 7.48% and a net margin of 2.13%.CNH Industrial's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. Equities analysts expect that CNH Industrial N.V. will post 0.41 EPS for the current year.

CNH Industrial Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company's product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.

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