Janney Montgomery Scott LLC Grows Holdings in CNH Industrial N.V. (NYSE:CNH)

Janney Montgomery Scott LLC lifted its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 22.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 361,066 shares of the company's stock after acquiring an additional 66,816 shares during the period. Janney Montgomery Scott LLC's holdings in CNH Industrial were worth $4,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mission Wealth Management LP raised its position in CNH Industrial by 3.0% in the first quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock valued at $452,000 after purchasing an additional 1,056 shares during the period. Fifth Third Bancorp increased its position in shares of CNH Industrial by 29.3% during the 1st quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock worth $77,000 after purchasing an additional 1,416 shares during the last quarter. Colonial Trust Co SC purchased a new stake in CNH Industrial in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC acquired a new position in CNH Industrial in the fourth quarter valued at about $25,000. Finally, Anchor Investment Management LLC acquired a new position in CNH Industrial in the fourth quarter valued at about $26,000. Institutional investors and hedge funds own 59.88% of the company's stock.

CNH Industrial Stock Up 0.9%

Shares of CNH traded up $0.12 during midday trading on Friday, hitting $13.02. The company had a trading volume of 25,757,675 shares, compared to its average volume of 17,938,256. CNH Industrial N.V. has a 1 year low of $9.28 and a 1 year high of $13.86. The firm has a market capitalization of $16.26 billion, a P/E ratio of 15.87 and a beta of 1.52. The company has a debt-to-equity ratio of 3.29, a quick ratio of 11.18 and a current ratio of 13.41. The company's 50-day simple moving average is $12.57 and its 200-day simple moving average is $12.28.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly 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. CNH Industrial had a net margin of 5.53% and a return on equity of 14.32%. The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $4.47 billion. The business's revenue for the quarter was down 20.5% compared to the same quarter last year. As a group, sell-side analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current year.

Insider Buying and Selling

In related news, Director Suzanne Heywood sold 11,053 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 $140,373.10. Following the transaction, the director now directly owns 566,905 shares of the company's stock, valued at $7,199,693.50. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Oddone Incisa sold 22,515 shares of CNH Industrial stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $285,940.50. Following the sale, the chief financial officer now owns 856,574 shares in the company, 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. Over the last quarter, insiders sold 40,246 shares of company stock worth $511,732. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CNH. Oppenheimer decreased their price objective on shares of CNH Industrial from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen assumed coverage on CNH Industrial in a research note on Wednesday, April 30th. They set a "sell" rating on the stock. UBS Group raised their price target on CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Truist Financial cut their price objective on CNH Industrial from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Baird R W cut CNH Industrial from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $15.08.

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.