Creekmur Asset Management LLC Purchases 47,829 Shares of CNH Industrial N.V. (NYSE:CNH)

Creekmur Asset Management LLC lifted its stake in CNH Industrial N.V. (NYSE:CNH - Free Report) by 70.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,454 shares of the company's stock after acquiring an additional 47,829 shares during the period. Creekmur Asset Management LLC's holdings in CNH Industrial were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new stake in CNH Industrial during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in CNH Industrial during the fourth quarter valued at approximately $25,000. Anchor Investment Management LLC acquired a new stake in CNH Industrial during the fourth quarter valued at approximately $26,000. Global X Japan Co. Ltd. acquired a new stake in CNH Industrial during the first quarter valued at approximately $29,000. Finally, Farther Finance Advisors LLC acquired a new stake in CNH Industrial during the fourth quarter valued at approximately $27,000. 59.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNH has been the subject of several recent research reports. Northland Capmk raised shares of CNH Industrial from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. UBS Group boosted their price target 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. Wall Street Zen assumed coverage on shares of CNH Industrial in a report on Wednesday, April 30th. They set a "sell" rating on the stock. Truist Financial cut their price target on shares of CNH Industrial from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Northland Securities upgraded shares of CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.88.

CNH Industrial Price Performance

CNH stock remained flat at $12.97 during trading hours on Friday. 10,375,908 shares of the company's stock traded hands, compared to its average volume of 15,195,757. The company has a debt-to-equity ratio of 3.29, a current ratio of 13.41 and a quick ratio of 11.18. The stock has a market cap of $16.21 billion, a P/E ratio of 15.82 and a beta of 1.50. CNH Industrial N.V. has a 12 month low of $9.28 and a 12 month high of $14.27. The stock has a 50 day moving average of $13.04 and a 200 day moving average of $12.48.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a net margin of 5.53% and a return on equity of 14.32%. The firm's quarterly revenue was down 20.5% compared to the same quarter last year. Sell-side analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Insider Activity

In other news, CTO Jay Schroeder sold 2,154 shares of the stock in a transaction 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 completion of the transaction, the chief technology officer owned 32,762 shares in the company, valued at approximately $416,077.40. This represents a 6.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kelly Manley sold 3,575 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $45,402.50. Following the completion of the transaction, the insider owned 161,473 shares of the company's stock, valued at approximately $2,050,707.10. This represents a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,246 shares of company stock valued at $511,732 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

CNH Industrial Company 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.