Edgestream Partners L.P. Acquires New Stake in CNH Industrial N.V. (NYSE:CNH)

Edgestream Partners L.P. acquired a new stake in CNH Industrial N.V. (NYSE:CNH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 497,431 shares of the company's stock, valued at approximately $6,108,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new position in CNH Industrial in the fourth quarter worth about $25,000. Colonial Trust Co SC bought a new position in CNH Industrial in the fourth quarter worth about $25,000. Anchor Investment Management LLC bought a new position in CNH Industrial in the fourth quarter worth about $26,000. Farther Finance Advisors LLC bought a new position in CNH Industrial in the fourth quarter worth about $27,000. Finally, TD Waterhouse Canada Inc. bought a new position in CNH Industrial in the fourth quarter worth about $29,000. 59.88% of the stock is currently owned by institutional investors.

CNH Industrial Stock Performance

CNH Industrial stock traded down $0.05 during mid-day trading on Friday, hitting $12.93. The company had a trading volume of 7,109,022 shares, compared to its average volume of 18,686,510. The company has a current ratio of 13.41, a quick ratio of 11.18 and a debt-to-equity ratio of 3.29. CNH Industrial N.V. has a 12-month low of $9.28 and a 12-month high of $14.27. The company's fifty day moving average is $13.04 and its 200-day moving average is $12.47. The company has a market capitalization of $16.15 billion, a price-to-earnings ratio of 15.76 and a beta of 1.50.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The business's quarterly revenue was down 20.5% on a year-over-year basis. Equities research analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Evercore ISI boosted their target price on shares of 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 lowered CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $12.50 to $11.50 in a research note on Wednesday. Northland Securities upgraded CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a research note on Friday, April 11th. Truist Financial dropped their price target on CNH Industrial from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Wall Street Zen began coverage on CNH Industrial in a research report on Wednesday, April 30th. They issued a "sell" rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CNH Industrial has a consensus rating of "Moderate Buy" and an average price target of $14.88.

Insiders Place Their Bets

In other news, Director Suzanne Heywood sold 11,053 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $140,373.10. Following the completion of the transaction, the director directly owned 566,905 shares of the company's stock, valued at $7,199,693.50. This represents a 1.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Jay Schroeder sold 2,154 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $27,355.80. Following the transaction, the chief technology officer directly owned 32,762 shares of the company's stock, valued at approximately $416,077.40. The trade was a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,246 shares of company stock valued at $511,732. Corporate insiders own 1.00% of the company's stock.

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.