Nuance Investments LLC Has $6.03 Million Position in CNH Industrial N.V. (NYSE:CNH)

Key Points

• Nuance Investments LLC has significantly reduced its stake in CNH Industrial N.V. by 64.9%, now holding 491,384 shares valued at approximately $6.03 million.
• Research analysts have mixed ratings for CNH Industrial, with Goldman Sachs downgrading their rating from buy to neutral while other firms raised their target prices, indicating a consensus moderate buy rating.
• CNH Industrial reported a quarterly earnings per share (EPS) of $0.17, surpassing analyst expectations, although revenue declined by 14.2% year-over-year.

Nuance Investments LLC trimmed its stake in CNH Industrial N.V. (NYSE:CNH - Free Report) by 64.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 491,384 shares of the company's stock after selling 909,390 shares during the quarter. Nuance Investments LLC's holdings in CNH Industrial were worth $6,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Colonial Trust Co SC purchased a new stake in shares of CNH Industrial in the fourth quarter worth approximately $25,000. Anchor Investment Management LLC acquired a new position in CNH Industrial in the fourth quarter worth approximately $26,000. Global X Japan Co. Ltd. acquired a new position in CNH Industrial in the first quarter worth approximately $29,000. TD Waterhouse Canada Inc. acquired a new position in CNH Industrial in the fourth quarter worth approximately $29,000. Finally, LGT Financial Advisors LLC acquired a new position in CNH Industrial in the fourth quarter worth approximately $32,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Price Performance

Shares of NYSE CNH traded up $0.06 during midday trading on Friday, reaching $12.21. 8,920,393 shares of the company traded hands, compared to its average volume of 14,366,194. The firm has a market cap of $15.27 billion, a PE ratio of 18.78 and a beta of 1.54. The stock's 50-day simple moving average is $12.94 and its 200-day simple moving average is $12.61. CNH Industrial N.V. has a 12 month low of $9.77 and a 12 month high of $14.27. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33.

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

Analyst Ratings Changes

A number of research firms recently commented on CNH. Evercore ISI increased their price objective on CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. The Goldman Sachs Group downgraded CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price target for the company from $12.50 to $11.50 in a report on Wednesday, July 16th. UBS Group increased their price target on CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 9th. Citigroup increased their price target on CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Oppenheimer increased their price target on CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CNH Industrial 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.