Hohimer Wealth Management LLC Purchases New Stake in CNH Industrial N.V. $CNH

Key Points

• Hohimer Wealth Management acquired 314,742 CNH Industrial shares in the third quarter, valued at approximately $4.04 million.
• Other institutions also increased or initiated positions; institutional investors and hedge funds own about 59.9% of the company’s shares.
• Analysts’ consensus rating is Hold, with an average price target of $13.39; ratings range from Buy to Sell.

Hohimer Wealth Management LLC acquired a new stake in CNH Industrial N.V. (NYSE:CNH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 314,742 shares of the company's stock, valued at approximately $4,044,000.

Several other institutional investors have also added to or reduced their stakes in CNH. Sei Investments Co. boosted its stake in CNH Industrial by 61.3% in the first quarter. Sei Investments Co. now owns 4,666,201 shares of the company's stock valued at $51,330,000 after buying an additional 1,774,178 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in CNH Industrial during the 2nd quarter worth approximately $1,020,000. Public Employees Retirement System of Ohio acquired a new position in CNH Industrial during the 2nd quarter worth approximately $2,788,000. Arrowstreet Capital Limited Partnership bought a new position in CNH Industrial in the 1st quarter valued at approximately $6,332,000. Finally, Lazard Asset Management LLC lifted its stake in CNH Industrial by 187.8% in the 1st quarter. Lazard Asset Management LLC now owns 341,881 shares of the company's stock valued at $3,761,000 after purchasing an additional 223,073 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Trading Up 0.0%

NYSE:CNH opened at $11.56 on Monday. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $14.46. The company has a debt-to-equity ratio of 3.33, a quick ratio of 10.16 and a current ratio of 12.23. The firm's fifty day moving average is $12.55 and its 200-day moving average is $11.35. The firm has a market cap of $14.31 billion, a P/E ratio of 46.26 and a beta of 1.23.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of CNH Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Evercore upgraded shares of CNH Industrial from an "in-line" rating to an "outperform" rating and set a $18.00 price target for the company in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. raised their price target on shares of CNH Industrial from $10.00 to $11.00 and gave the company an "underweight" rating in a research note on Thursday, October 8th. Truist Financial lifted their price target on shares of CNH Industrial from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Monday, October 5th. Finally, DA Davidson reissued a "neutral" rating and issued a $12.00 price objective on shares of CNH Industrial in a research note on Wednesday, August 19th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.39.

CNH Industrial Profile

CNH Industrial is a global manufacturer of agricultural and construction equipment. Its agricultural brands include Case IH, New Holland Agriculture and STEYR, which offer products such as tractors, combines, harvesters, sprayers and hay tools. Its construction equipment brands include CASE Construction Equipment and New Holland Construction, with machinery such as excavators, loaders and graders.

The company also provides parts, equipment support and precision technology designed to help customers manage machinery and improve productivity.

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