California State Teachers Retirement System Lowers Stock Holdings in CNH Industrial N.V. $CNH

Key Points

• California State Teachers Retirement System reduced its CNH Industrial stake by 8% in the first quarter, selling 121,351 shares and retaining 1.4 million shares worth approximately $15.4 million. Institutional investors collectively own 59.88% of the company.
• CNH reported quarterly revenue of $3.83 billion and earnings of $0.01 per share, matching analyst estimates, while revenue declined slightly year over year. Shares were recently trading at $10.28, near the lower end of their 12-month range.
• Analyst sentiment is mixed but leans toward “Hold”: the consensus price target is $12.77, with six Buy ratings, six Hold ratings and one Sell rating. Goldman Sachs downgraded the stock to Neutral and reduced its target to $10.50.

California State Teachers Retirement System lowered its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,401,919 shares of the company's stock after selling 121,351 shares during the period. California State Teachers Retirement System owned about 0.11% of CNH Industrial worth $15,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its position in CNH Industrial by 5.1% in the 3rd quarter. State Street Corp now owns 37,764,717 shares of the company's stock worth $409,747,000 after buying an additional 1,834,076 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CNH Industrial by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 29,204,840 shares of the company's stock worth $321,185,000 after acquiring an additional 2,380,087 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of CNH Industrial by 17.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 26,070,783 shares of the company's stock worth $282,868,000 after acquiring an additional 3,841,999 shares during the last quarter. Tweedy Browne Co LLC lifted its holdings in shares of CNH Industrial by 51.9% in the 4th quarter. Tweedy Browne Co LLC now owns 20,180,953 shares of the company's stock worth $186,068,000 after acquiring an additional 6,899,583 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of CNH Industrial by 7.6% in the 2nd quarter. Alliancebernstein L.P. now owns 19,603,523 shares of the company's stock valued at $254,062,000 after purchasing an additional 1,382,861 shares in the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH Industrial Trading Up 0.2%

Shares of CNH opened at $10.28 on Monday. The stock has a market capitalization of $12.74 billion, a P/E ratio of 33.15, a PEG ratio of 1.96 and a beta of 1.15. The company has a quick ratio of 10.17, a current ratio of 12.27 and a debt-to-equity ratio of 3.32. The firm has a fifty day simple moving average of $10.60 and a two-hundred day simple moving average of $10.95. CNH Industrial N.V. has a twelve month low of $9.00 and a twelve month high of $13.31.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. CNH Industrial had a net margin of 2.13% and a return on equity of 7.48%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the firm earned $0.10 EPS. The company's revenue was down .1% on a year-over-year basis. On average, research analysts anticipate that CNH Industrial N.V. will post 0.41 EPS for the current year.

Analyst Ratings Changes

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

About CNH Industrial

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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