CNH Industrial N.V. $CNH Shares Sold by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services Co. reduced its stake in CNH Industrial by 37.3% in Q4, selling 1,512,534 shares and retaining 2,537,094 shares (about 0.20% ownership) worth roughly $23.4 million.
• CNH shares opened down 7.4% at $10.65, and analysts are mixed with a consensus rating of Hold and an average price target of $12.88 (6 Buy, 6 Hold, 1 Sell).
• CNH beat quarterly expectations with $0.19 EPS (vs. $0.11 est.) and higher revenue, but the company cut its annual dividend to $0.10 per share (ex-dividend May 21).

Massachusetts Financial Services Co. MA lessened its holdings in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,537,094 shares of the company's stock after selling 1,512,534 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.20% of CNH Industrial worth $23,392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNH. Quent Capital LLC acquired a new stake in CNH Industrial during the 3rd quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new stake in CNH Industrial during the 3rd quarter worth $29,000. Elevation Wealth Partners LLC acquired a new stake in CNH Industrial during the 4th quarter worth $31,000. Clearstead Advisors LLC boosted its stake in CNH Industrial by 132.7% during the 3rd quarter. Clearstead Advisors LLC now owns 3,374 shares of the company's stock worth $37,000 after purchasing an additional 1,924 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in CNH Industrial during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 59.88% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial set a $12.00 target price on shares of CNH Industrial in a research note on Wednesday, January 14th. Barclays lifted their target price on shares of CNH Industrial from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 1st. Citigroup boosted their price target on shares of CNH Industrial from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Monday. DA Davidson boosted their price target on shares of CNH Industrial from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Thursday, February 19th. Finally, Wall Street Zen raised shares of CNH Industrial from a "sell" rating to a "hold" rating in a research report on Saturday, February 21st. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $12.88.

CNH Industrial Trading Down 7.4%

Shares of CNH stock opened at $10.65 on Thursday. The company's 50-day moving average price is $11.53 and its 200-day moving average price is $10.64. The company has a current ratio of 13.34, a quick ratio of 11.36 and a debt-to-equity ratio of 3.44. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.68 and a beta of 1.26. CNH Industrial N.V. has a twelve month low of $9.00 and a twelve month high of $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The firm had revenue of $5.16 billion for the quarter, compared to analysts' expectations of $4.91 billion. CNH Industrial had a net margin of 2.82% and a return on equity of 8.90%. The company's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. As a group, equities analysts predict that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

CNH Industrial Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a dividend yield of 89.0%. CNH Industrial's payout ratio is presently 25.00%.

CNH Industrial Profile

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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