CNH Industrial N.V. $CNH Shares Sold by LPL Financial LLC

Key Points

• LPL Financial LLC has reduced its holdings in CNH Industrial by 41.9%, resulting in ownership of 227,227 shares worth approximately $2.79 million.
• CNH Industrial reported earnings of $0.17 per share for the last quarter, exceeding consensus estimates, but revenue decreased by 14.2% year-over-year, totaling $4.71 billion.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for CNH Industrial, with recent price targets ranging from $11.50 to $16.00, indicating potential growth for the stock.

LPL Financial LLC cut its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 41.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 227,227 shares of the company's stock after selling 163,842 shares during the period. LPL Financial LLC's holdings in CNH Industrial were worth $2,790,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG purchased a new position in shares of CNH Industrial during the fourth quarter worth $1,937,000. Envestnet Asset Management Inc. purchased a new position in shares of CNH Industrial during the fourth quarter worth $8,421,000. Townsquare Capital LLC purchased a new position in shares of CNH Industrial during the fourth quarter worth $119,000. Barclays PLC purchased a new position in shares of CNH Industrial during the fourth quarter worth $18,048,000. Finally, Mariner LLC purchased a new position in shares of CNH Industrial during the fourth quarter worth $744,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Stock Up 0.5%

CNH Industrial stock opened at $12.21 on Monday. CNH Industrial N.V. has a 1-year low of $9.77 and a 1-year 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 stock has a market cap of $15.27 billion, a PE ratio of 18.78 and a beta of 1.54. The stock's fifty day moving average is $12.94 and its two-hundred day moving average is $12.60.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CNH. Oppenheimer raised their price target on CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. UBS Group raised their price target on CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Evercore ISI increased their price objective on CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. The Goldman Sachs Group cut 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 note on Wednesday, July 16th. Finally, Wall Street Zen started coverage on CNH Industrial in a research note on Wednesday, April 30th. They issued a "sell" rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.21.

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.

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