CNH Industrial N.V. (NYSE:CNH) Shares Sold by Nuance Investments LLC

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 decreased its stake in CNH Industrial N.V. (NYSE:CNH - Free Report) by 64.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 491,384 shares of the company's stock after selling 909,390 shares during the period. Nuance Investments LLC's holdings in CNH Industrial were worth $6,034,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mission Wealth Management LP boosted its holdings in shares of CNH Industrial by 3.0% in the 1st quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock valued at $452,000 after buying an additional 1,056 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of CNH Industrial by 3.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company's stock valued at $457,000 after buying an additional 1,280 shares in the last quarter. Fifth Third Bancorp boosted 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 valued at $77,000 after buying an additional 1,416 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of CNH Industrial by 15.3% in the 1st quarter. Brown Advisory Inc. now owns 15,501 shares of the company's stock valued at $190,000 after buying an additional 2,061 shares in the last quarter. Finally, Balefire LLC boosted its holdings in shares of CNH Industrial by 10.9% in the 1st quarter. Balefire LLC now owns 22,134 shares of the company's stock valued at $272,000 after buying an additional 2,182 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CNH shares. The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and lowered their target price for the company from $12.50 to $11.50 in a report on Wednesday, July 16th. UBS Group upped their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 9th. Oppenheimer upped their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Citigroup upped their target price on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Morgan Stanley reduced their price target on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, CNH Industrial presently has an average rating of "Moderate Buy" and a consensus target price of $15.21.

CNH Industrial Stock Up 0.4%

CNH stock opened at $12.49 on Tuesday. The company has a fifty day moving average price of $12.95 and a 200 day moving average price of $12.62. CNH Industrial N.V. has a 12 month low of $9.40 and a 12 month high of $14.27. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 19.21 and a beta of 1.54. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34.

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

Want to see what other hedge funds are holding CNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNH Industrial N.V. (NYSE:CNH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.