Bayforest Capital Ltd Buys 33,016 Shares of CNH Industrial N.V. (NYSE:CNH)

Bayforest Capital Ltd boosted its holdings in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 3,147.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,065 shares of the company's stock after acquiring an additional 33,016 shares during the period. Bayforest Capital Ltd's holdings in CNH Industrial were worth $418,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Colonial Trust Co SC purchased a new stake in CNH Industrial in the fourth quarter worth about $25,000. Anchor Investment Management LLC bought a new stake in shares of CNH Industrial in the 4th quarter worth approximately $26,000. Global X Japan Co. Ltd. purchased a new stake in shares of CNH Industrial in the 1st quarter worth approximately $29,000. TD Waterhouse Canada Inc. purchased a new stake in shares of CNH Industrial in the 4th quarter worth approximately $29,000. Finally, LGT Financial Advisors LLC bought a new position in CNH Industrial during the 4th quarter valued at approximately $32,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CNH Industrial

In other CNH Industrial news, insider Kelly Manley sold 3,575 shares of the 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 $45,402.50. Following the transaction, the insider directly owned 161,473 shares in the company, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Oddone Incisa sold 22,515 shares of CNH Industrial stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $285,940.50. Following the transaction, the chief financial officer owned 856,574 shares in the company, valued at $10,878,489.80. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,246 shares of company stock worth $511,732 over the last 90 days. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on CNH. Wall Street Zen began coverage on CNH Industrial in a report on Wednesday, April 30th. They issued a "sell" rating on the stock. Morgan Stanley lowered their price target on CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Northland Capmk upgraded shares of CNH Industrial from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Citigroup increased their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Evercore ISI lifted their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $14.88.

CNH Industrial Stock Performance

CNH stock traded down $0.50 on Friday, hitting $12.46. The company had a trading volume of 20,346,175 shares, compared to its average volume of 18,660,514. The company has a current ratio of 13.41, a quick ratio of 11.18 and a debt-to-equity ratio of 3.29. 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 $15.57 billion, a price-to-earnings ratio of 15.20 and a beta of 1.50. The stock's 50-day simple moving average is $12.97 and its 200 day simple moving average is $12.59.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate 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 return on equity of 14.32% and a net margin of 5.53%. CNH Industrial's revenue was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. As a group, equities research analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

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.