ASR Vermogensbeheer N.V. Invests $461,000 in CNH Industrial N.V. (NYSE:CNH)

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. acquired a new position in CNH Industrial N.V. (NYSE:CNH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37,565 shares of the company's stock, valued at approximately $461,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNH. Colonial Trust Co SC bought a new stake in CNH Industrial during the 4th quarter worth approximately $25,000. Anchor Investment Management LLC bought a new stake in CNH Industrial during the 4th quarter worth approximately $26,000. TD Waterhouse Canada Inc. bought a new stake in shares of CNH Industrial during the fourth quarter valued at approximately $29,000. Global X Japan Co. Ltd. bought a new stake in shares of CNH Industrial during the first quarter valued at approximately $29,000. Finally, LGT Financial Advisors LLC bought a new stake in shares of CNH Industrial during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Performance

Shares of NYSE CNH traded up $0.05 during midday trading on Tuesday, reaching $12.52. 13,935,641 shares of the stock were exchanged, compared to its average volume of 16,380,170. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 19.25 and a beta of 1.54. CNH Industrial N.V. has a twelve month low of $9.40 and a twelve month high of $14.27. The firm has a 50-day simple moving average of $12.95 and a two-hundred day simple moving average of $12.61. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CNH shares. The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. Citigroup boosted their price target on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Morgan Stanley reduced their price target on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen assumed coverage on shares of CNH Industrial in a research note on Wednesday, April 30th. They set a "sell" rating for the company. Finally, UBS Group lifted their price objective on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $15.21.

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.