US Bancorp DE Purchases 31,942 Shares of CNH Industrial N.V. (NYSE:CNH)

Key Points

• US Bancorp DE significantly increased its stake in CNH Industrial N.V. by 193.5% during the first quarter, reaching a total of 48,449 shares valued at approximately $595,000.
• Several institutional investors, including Teacher Retirement System of Texas and SG Americas Securities LLC, have also boosted their holdings in CNH Industrial, highlighting a growing interest among institutional investors in the company.
• Analysts have mixed opinions on CNH Industrial, with an average rating of "Moderate Buy" and price targets ranging from $15.00 to $16.00, while the company recently reported earnings per share of $0.17 for the last quarter, surpassing expectations.

US Bancorp DE increased its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 193.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,449 shares of the company's stock after purchasing an additional 31,942 shares during the quarter. US Bancorp DE's holdings in CNH Industrial were worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Colonial Trust Co SC purchased a new position in shares of CNH Industrial in the 4th quarter valued at approximately $25,000. Anchor Investment Management LLC purchased a new position in shares of CNH Industrial in the 4th quarter valued at approximately $26,000. TD Waterhouse Canada Inc. purchased a new position in shares of CNH Industrial in the 4th quarter valued at approximately $29,000. Global X Japan Co. Ltd. purchased a new position in CNH Industrial during the first quarter valued at $29,000. Finally, LGT Financial Advisors LLC purchased a new position in CNH Industrial during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Up 0.5%

Shares of CNH stock traded up $0.06 during mid-day trading on Friday, hitting $12.21. The company's stock had a trading volume of 8,920,393 shares, compared to its average volume of 14,366,194. CNH Industrial N.V. has a 52-week low of $9.77 and a 52-week high of $14.27. The business has a 50-day moving average price of $12.94 and a 200 day moving average price of $12.60. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 18.78 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

CNH has been the subject of a number of recent research reports. Oppenheimer lifted their price objective on CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Citigroup lifted their price objective on CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 30th. UBS Group lifted their price objective on CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. The Goldman Sachs Group cut CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $12.50 to $11.50 in a research note on Wednesday, July 16th. Finally, Wall Street Zen initiated coverage on CNH Industrial in a research note on Wednesday, April 30th. They set a "sell" rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CNH Industrial has a consensus rating of "Moderate Buy" and an average 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.