SG Americas Securities LLC raised its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 450.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,202 shares of the company's stock after purchasing an additional 49,256 shares during the quarter. SG Americas Securities LLC's holdings in CNH Industrial were worth $739,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of CNH Industrial in the fourth quarter valued at approximately $1,233,000. Moore Capital Management LP purchased a new stake in CNH Industrial in the 4th quarter worth approximately $10,166,000. GAMMA Investing LLC lifted its position in CNH Industrial by 3,205.6% in the 1st quarter. GAMMA Investing LLC now owns 88,723 shares of the company's stock worth $1,090,000 after buying an additional 86,039 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in CNH Industrial in the 4th quarter worth approximately $163,000. Finally, Eisler Capital Management Ltd. purchased a new stake in CNH Industrial in the 4th quarter worth approximately $2,985,000. Institutional investors and hedge funds own 59.88% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on CNH. Baird R W downgraded shares of CNH Industrial from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Robert W. Baird restated a "neutral" rating and issued a $15.00 price target (down from $16.00) on shares of CNH Industrial in a research report on Monday, March 3rd. UBS Group lifted their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Northland Securities upgraded shares of CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Friday, April 11th. Finally, Evercore ISI lifted their price target on shares of CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.08.
Get Our Latest Research Report on CNH
Insider Transactions at CNH Industrial
In other news, CTO Jay Schroeder sold 2,154 shares of the firm'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 value of $27,355.80. Following the transaction, the chief technology officer now owns 32,762 shares in the company, valued at approximately $416,077.40. This trade represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Suzanne Heywood sold 11,053 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $140,373.10. Following the transaction, the director now directly owns 566,905 shares of the company's stock, valued at $7,199,693.50. This represents a 1.91% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,246 shares of company stock valued at $511,732. 1.00% of the stock is currently owned by corporate insiders.
CNH Industrial Stock Down 0.1%
Shares of NYSE CNH opened at $12.81 on Friday. The company's 50 day moving average price is $12.47 and its 200-day moving average price is $12.27. The company has a market capitalization of $16.00 billion, a P/E ratio of 15.62 and a beta of 1.52. 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 N.V. has a 52-week low of $9.28 and a 52-week high of $13.87.
CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. CNH Industrial had a net margin of 5.53% and a return on equity of 14.32%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. The business's revenue for the quarter was down 20.5% compared to the same quarter last year. Equities analysts forecast 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 was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were issued a $0.25 dividend. This represents a dividend yield of 3.8%. The ex-dividend date was Wednesday, May 21st. CNH Industrial's payout ratio is 57.32%.
About CNH Industrial
(
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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