Assetmark Inc. grew its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 106.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,085 shares of the company's stock after purchasing an additional 78,242 shares during the period. Assetmark Inc.'s holdings in CNH Industrial were worth $1,868,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Colonial Trust Co SC bought a new stake in shares of CNH Industrial during the 4th quarter worth $25,000. Anchor Investment Management LLC bought a new position in shares of CNH Industrial in the fourth quarter worth $26,000. Global X Japan Co. Ltd. purchased a new stake in CNH Industrial during the 1st quarter worth about $29,000. TD Waterhouse Canada Inc. bought a new position in CNH Industrial in the 4th quarter worth about $29,000. Finally, LGT Financial Advisors LLC purchased a new position in CNH Industrial during the 4th quarter valued at about $32,000. 59.88% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, Director Suzanne Heywood sold 11,053 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $140,373.10. Following the completion of the sale, the director owned 566,905 shares of the company's stock, valued at $7,199,693.50. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Jay Schroeder sold 2,154 shares of the business'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 $27,355.80. Following the transaction, the chief technology officer directly owned 32,762 shares in the company, valued at approximately $416,077.40. The trade was a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,246 shares of company stock valued at $511,732 over the last three months. 1.00% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
CNH has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 30th. UBS Group lifted their price objective on CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Wall Street Zen initiated coverage on CNH Industrial in a research report on Wednesday, April 30th. They set a "sell" rating for the company. Morgan Stanley dropped their price target on CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Truist Financial cut their target price on shares of CNH Industrial from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CNH Industrial presently has an average rating of "Moderate Buy" and a consensus price target of $14.88.
Check Out Our Latest Stock Analysis on CNH
CNH Industrial Trading Down 3.9%
Shares of CNH stock traded down $0.50 during mid-day trading on Friday, reaching $12.46. The stock had a trading volume of 20,346,175 shares, compared to its average volume of 18,660,514. The firm has a market capitalization of $15.57 billion, a PE ratio of 15.20 and a beta of 1.50. The stock's 50-day moving average price is $12.97 and its two-hundred day moving average price is $12.59. The company has a current ratio of 13.41, a quick ratio of 11.18 and a debt-to-equity ratio of 3.29. CNH Industrial N.V. has a 52-week low of $9.28 and a 52-week high of $14.27.
CNH Industrial (NYSE:CNH - Get Free Report) last announced 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. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate 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 was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS. Equities analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.
About CNH Industrial
(
Free Report)
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.
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