Cerity Partners LLC Acquires 92,390 Shares of CNH Industrial N.V. (NYSE:CNH)

Cerity Partners LLC raised its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 41.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,905 shares of the company's stock after purchasing an additional 92,390 shares during the quarter. Cerity Partners LLC's holdings in CNH Industrial were worth $3,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CNH. Rehmann Capital Advisory Group acquired a new stake in shares of CNH Industrial during the 1st quarter valued at approximately $322,000. Greenleaf Trust lifted its position in shares of CNH Industrial by 30.2% during the 1st quarter. Greenleaf Trust now owns 38,747 shares of the company's stock valued at $476,000 after acquiring an additional 8,978 shares during the period. M&T Bank Corp lifted its position in shares of CNH Industrial by 36.1% during the 1st quarter. M&T Bank Corp now owns 37,985 shares of the company's stock valued at $466,000 after acquiring an additional 10,072 shares during the period. Brown Advisory Inc. lifted its position in shares of CNH Industrial by 15.3% during the 1st quarter. Brown Advisory Inc. now owns 15,501 shares of the company's stock valued at $190,000 after acquiring an additional 2,061 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in shares of CNH Industrial by 118.9% during the 1st quarter. TD Private Client Wealth LLC now owns 57,206 shares of the company's stock valued at $702,000 after acquiring an additional 31,071 shares during the period. Hedge funds and other institutional investors own 59.88% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Northland Securities upgraded CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Friday, April 11th. The Goldman Sachs Group downgraded CNH Industrial from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $12.50 to $11.50 in a research report on Wednesday. Northland Capmk upgraded CNH Industrial from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Truist Financial cut their price objective on CNH Industrial from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group boosted their price target on CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.88.

CNH Industrial Stock Performance

Shares of NYSE:CNH remained flat at $12.97 during trading hours on Friday. 10,375,908 shares of the company's stock traded hands, compared to its average volume of 15,195,757. The firm has a fifty day moving average price of $13.04 and a two-hundred day moving average price of $12.48. CNH Industrial N.V. has a 12 month low of $9.28 and a 12 month high of $14.27. The firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of 15.82 and a beta of 1.50. The company has a debt-to-equity ratio of 3.29, a current ratio of 13.41 and a quick ratio of 11.18.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $4.47 billion. CNH Industrial had a net margin of 5.53% and a return on equity of 14.32%. CNH Industrial's revenue for the quarter was down 20.5% compared to the same quarter last year. As a group, research analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current year.

Insider Buying and Selling at CNH Industrial

In related news, CFO Oddone Incisa sold 22,515 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $285,940.50. Following the completion of the transaction, the chief financial officer owned 856,574 shares of the company's stock, valued at approximately $10,878,489.80. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Jay Schroeder sold 2,154 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $27,355.80. Following the completion of the transaction, the chief technology officer directly owned 32,762 shares of the company's stock, valued at $416,077.40. This represents a 6.17% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,246 shares of company stock valued at $511,732. 1.00% of the stock is currently owned by corporate insiders.

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.