Deutsche Bank AG Acquires 72,199 Shares of CNH Industrial N.V. (NYSE:CNH)

Key Points

• Deutsche Bank AG increased its holdings in CNH Industrial N.V. by 4.3%, acquiring an additional 72,199 shares, bringing its total ownership to approximately 1.76 million shares valued at $21.71 million.
• CNH Industrial recently reported a quarterly earnings per share of $0.17, surpassing expectations, but experienced a 14.2% drop in revenue year-over-year.
• Multiple analysts have provided mixed ratings on CNH Industrial, with a consensus average rating of "Moderate Buy" and an average price target of $15.21 amidst varying outlooks from firms like Goldman Sachs and UBS Group.

Deutsche Bank AG increased its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,768,236 shares of the company's stock after purchasing an additional 72,199 shares during the period. Deutsche Bank AG owned 0.14% of CNH Industrial worth $21,714,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new stake in CNH Industrial in the first quarter worth $1,570,000. Fifth Third Bancorp boosted its holdings in CNH Industrial by 29.3% in the first quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock worth $77,000 after acquiring an additional 1,416 shares in the last quarter. SG Americas Securities LLC boosted its holdings in CNH Industrial by 450.0% in the first quarter. SG Americas Securities LLC now owns 60,202 shares of the company's stock worth $739,000 after acquiring an additional 49,256 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in CNH Industrial in the fourth quarter worth $1,233,000. Finally, GAMMA Investing LLC boosted its holdings in CNH Industrial by 169.2% in the first quarter. GAMMA Investing LLC now owns 7,225 shares of the company's stock worth $89,000 after acquiring an additional 4,541 shares in the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Stock Performance

CNH stock traded up $0.06 during trading on Friday, reaching $12.21. The 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 stock's 50 day moving average is $12.94 and its two-hundred day moving average is $12.60. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. The firm has a market cap of $15.27 billion, a PE ratio of 18.78 and a beta of 1.54.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.17 EPS 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 for the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter last year, the company earned $0.38 earnings per share. The business's revenue for the quarter was down 14.2% compared to the same quarter last year. As a group, equities analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Analyst Ratings Changes

CNH has been the topic of a number of research analyst reports. 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 upped 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. Evercore ISI upped their price target on CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Oppenheimer upped 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. Finally, Citigroup upped 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. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CNH Industrial presently has an average 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.