Envestnet Asset Management Inc. grew its stake in CNH Industrial N.V. (NYSE:CNH - Free Report) by 21.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 904,008 shares of the company's stock after acquiring an additional 160,754 shares during the period. Envestnet Asset Management Inc. owned 0.07% of CNH Industrial worth $11,101,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Mission Wealth Management LP grew its stake in CNH Industrial by 3.0% in the first quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock worth $452,000 after purchasing an additional 1,056 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of CNH Industrial by 29.3% in the 1st quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock worth $77,000 after buying an additional 1,416 shares during the period. Balefire LLC grew its position in shares of CNH Industrial by 10.9% during the 1st quarter. Balefire LLC now owns 22,134 shares of the company's stock worth $272,000 after buying an additional 2,182 shares in the last quarter. Colonial Trust Co SC purchased a new position in shares of CNH Industrial during the fourth quarter valued at $25,000. Finally, Anchor Investment Management LLC purchased a new position in shares of CNH Industrial during the fourth quarter valued at $26,000. 59.88% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at CNH Industrial
In other CNH Industrial news, Director Suzanne Heywood sold 11,053 shares of the company'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 transaction of $140,373.10. Following the transaction, the director owned 566,905 shares in the company, valued at approximately $7,199,693.50. This represents a 1.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kelly Manley sold 3,575 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $45,402.50. Following the sale, the insider directly owned 161,473 shares in the company, valued at $2,050,707.10. This trade represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,246 shares of company stock valued at $511,732 over the last 90 days. Company insiders own 1.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. Truist Financial dropped their target price on shares of CNH Industrial from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. UBS Group increased their price objective on shares of CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Oppenheimer boosted their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, Northland Securities upgraded CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CNH Industrial presently has an average rating of "Moderate Buy" and a consensus target price of $14.88.
Get Our Latest Report on CNH Industrial
CNH Industrial Stock Down 1.4%
CNH stock traded down $0.19 on Thursday, hitting $13.20. 11,940,569 shares of the company's stock were exchanged, compared to its average volume of 23,009,040. The firm has a 50 day moving average price of $13.02 and a two-hundred day moving average price of $12.54. CNH Industrial N.V. has a 12-month low of $9.28 and a 12-month high of $14.27. The stock has a market cap of $16.49 billion, a P/E ratio of 16.09 and a beta of 1.50. The company has a debt-to-equity ratio of 3.29, a quick ratio of 11.18 and a current ratio of 13.41.
CNH Industrial (NYSE:CNH - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. The business's quarterly revenue was down 20.5% on a year-over-year basis. As a group, equities research analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.
CNH Industrial Company Profile
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Free Report)
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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