Charles Schwab Investment Management Inc. Has $257.72 Million Position in CNH Industrial N.V. (NYSE:CNH)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in CNH Industrial N.V. by 1.9%, owning approximately 21 million shares valued at $257.7 million as of its latest SEC filing.
• CNH Industrial reported earnings of $0.17 per share for the last quarter, surpassing expectations, but revenue fell 14.2% year-over-year.
• Brokerages have varying ratings for CNH Industrial, with target prices ranging from $11.50 to $16.00, indicating a consensus price target of $14.88.

Charles Schwab Investment Management Inc. lifted its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,001,755 shares of the company's stock after acquiring an additional 395,005 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.68% of CNH Industrial worth $257,719,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Citigroup lifted 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. UBS Group lifted their price target on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Wall Street Zen assumed coverage on shares of CNH Industrial in a research report on Wednesday, April 30th. They issued a "sell" rating on the stock. Oppenheimer lifted their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group lowered shares of CNH Industrial from a "buy" rating to a "neutral" rating and decreased 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 issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CNH Industrial currently has an average rating of "Moderate Buy" and an average target price of $15.21.

CNH Industrial Trading Up 1.9%

CNH Industrial stock traded up $0.24 during midday trading on Wednesday, reaching $12.76. The stock had a trading volume of 3,401,656 shares, compared to its average volume of 18,178,262. The firm's fifty day simple moving average is $12.95 and its two-hundred day simple moving average is $12.61. CNH Industrial N.V. has a twelve month low of $9.63 and a twelve month high of $14.27. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. The firm has a market cap of $15.95 billion, a price-to-earnings ratio of 19.65 and a beta of 1.54.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The company's revenue for the quarter was down 14.2% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. Equities analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

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.