37,565 Shares in CNH Industrial N.V. (NYSE:CNH) Bought by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in CNH Industrial N.V., purchasing approximately 37,565 shares valued at $461,000 in the first quarter.
• Vanguard Group Inc. significantly increased its holdings in CNH Industrial by 186.0%, now owning 90.7 million shares, while institutional investors collectively own 59.88% of the company.
• CNH Industrial reported earnings of $0.17 per share, surpassing analysts' expectations of $0.16, yet experienced a 14.2% decline in year-over-year revenue.

ASR Vermogensbeheer N.V. bought a new position in CNH Industrial N.V. (NYSE:CNH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 37,565 shares of the company's stock, valued at approximately $461,000.

Other institutional investors have also recently bought and sold shares of the company. Mission Wealth Management LP boosted its position in CNH Industrial by 3.0% in the 1st quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock valued at $452,000 after buying an additional 1,056 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of CNH Industrial by 3.6% during the first quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company's stock worth $457,000 after buying an additional 1,280 shares during the last quarter. Fifth Third Bancorp grew its holdings in CNH Industrial by 29.3% during the 1st quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock worth $77,000 after acquiring an additional 1,416 shares during the period. Brown Advisory Inc. lifted its stake in shares of CNH Industrial by 15.3% in the 1st quarter. Brown Advisory Inc. now owns 15,501 shares of the company's stock valued at $190,000 after purchasing an additional 2,061 shares during the period. Finally, Balefire LLC grew its stake in shares of CNH Industrial by 10.9% during the first quarter. Balefire LLC now owns 22,134 shares of the company's stock worth $272,000 after purchasing an additional 2,182 shares during the period. Institutional investors and hedge funds own 59.88% of the company's stock.

CNH Industrial Trading Down 5.8%

CNH traded down $0.75 during trading on Thursday, hitting $12.09. The company's stock had a trading volume of 10,712,826 shares, compared to its average volume of 18,165,035. The firm has a market capitalization of $15.12 billion, a P/E ratio of 18.59 and a beta of 1.54. CNH Industrial N.V. has a twelve month low of $9.69 and a twelve month high of $14.27. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. The stock's fifty day moving average price is $12.95 and its 200-day moving average price is $12.61.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. CNH Industrial's revenue was down 14.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. Analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on CNH. UBS Group raised their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Oppenheimer increased their price objective on CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Wall Street Zen initiated coverage on shares of CNH Industrial in a research note on Wednesday, April 30th. They issued a "sell" rating for the company. Morgan Stanley dropped their target price on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group downgraded CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.21.

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.