CNH Industrial N.V. (NYSE:CNH) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 191,819 shares of the company's stock after selling 20,802 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in CNH Industrial were worth $2,356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CNH. US Bancorp DE boosted its holdings in CNH Industrial by 193.5% in the first quarter. US Bancorp DE now owns 48,449 shares of the company's stock worth $595,000 after purchasing an additional 31,942 shares during the last quarter. Harbour Investments Inc. raised its position in CNH Industrial by 697.1% in the first quarter. Harbour Investments Inc. now owns 4,376 shares of the company's stock worth $54,000 after acquiring an additional 3,827 shares during the period. Natixis Advisors LLC raised its position in CNH Industrial by 81.7% in the first quarter. Natixis Advisors LLC now owns 1,493,440 shares of the company's stock worth $18,339,000 after acquiring an additional 671,540 shares during the period. Bayforest Capital Ltd raised its position in CNH Industrial by 3,147.4% in the first quarter. Bayforest Capital Ltd now owns 34,065 shares of the company's stock worth $418,000 after acquiring an additional 33,016 shares during the period. Finally, Federated Hermes Inc. raised its position in CNH Industrial by 14.4% in the first quarter. Federated Hermes Inc. now owns 82,787 shares of the company's stock worth $1,017,000 after acquiring an additional 10,445 shares during the period. Institutional investors own 59.88% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Northland Securities upgraded shares of CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research report on Friday, April 11th. Oppenheimer raised their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. UBS Group raised their target price on shares of 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 shares of CNH Industrial from a "buy" rating to a "neutral" rating and cut their target price for the company from $12.50 to $11.50 in a research note on Wednesday, July 16th. Finally, Morgan Stanley cut their target price on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $14.88.

CNH Industrial Stock Performance

NYSE:CNH traded up $0.08 during trading hours on Tuesday, hitting $12.61. 13,578,965 shares of the company were exchanged, compared to its average volume of 20,957,828. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 19.40 and a beta of 1.54. CNH Industrial N.V. has a 52-week low of $9.40 and a 52-week high of $14.27. The company has a debt-to-equity ratio of 3.52, a current ratio of 463.96 and a quick ratio of 388.36. The company's 50 day moving average price is $12.96 and its 200-day moving average price is $12.62.

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

Insider Activity at CNH Industrial

In related news, Director Suzanne Heywood sold 11,053 shares of CNH Industrial stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $140,373.10. Following the completion of the transaction, the director owned 566,905 shares in the company, valued at approximately $7,199,693.50. The trade was a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Oddone Incisa sold 22,515 shares of the business'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 $285,940.50. Following the transaction, the chief financial officer owned 856,574 shares of the company's stock, valued at $10,878,489.80. This trade represents a 2.56% 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 over the last 90 days. Insiders own 0.23% of the company's stock.

About CNH Industrial

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.