KBC Group NV Increases Stake in CNH Industrial N.V. (NYSE:CNH)

KBC Group NV lifted its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 18.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,291,972 shares of the company's stock after acquiring an additional 199,709 shares during the period. KBC Group NV owned 0.10% of CNH Industrial worth $15,866,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Joel Isaacson & Co. LLC bought a new position in CNH Industrial in the 1st quarter worth approximately $155,000. Transcend Capital Advisors LLC purchased a new position in shares of CNH Industrial in the first quarter worth $139,000. Balefire LLC lifted its holdings in shares of CNH Industrial by 10.9% in the first quarter. Balefire LLC now owns 22,134 shares of the company's stock worth $272,000 after buying an additional 2,182 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of CNH Industrial by 105.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 305,977 shares of the company's stock worth $3,757,000 after acquiring an additional 157,172 shares during the last quarter. Finally, Hi Line Capital Management LLC grew its stake in CNH Industrial by 2.2% during the first quarter. Hi Line Capital Management LLC now owns 228,386 shares of the company's stock valued at $2,805,000 after acquiring an additional 4,899 shares in the last quarter. Hedge funds and other institutional investors own 59.88% of the company's stock.

Insider Activity

In other CNH Industrial news, CTO Jay Schroeder sold 2,154 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 $27,355.80. Following the completion of the transaction, the chief technology officer owned 32,762 shares in the company, valued at $416,077.40. The trade was a 6.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Oddone Incisa sold 22,515 shares of the 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 $285,940.50. Following the completion of the sale, the chief financial officer owned 856,574 shares in the company, valued at approximately $10,878,489.80. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,246 shares of company stock valued at $511,732. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Oppenheimer decreased their price target on shares of CNH Industrial from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Northland Securities upgraded CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Friday, April 11th. Morgan Stanley dropped their price target on CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen began coverage on CNH Industrial in a research note on Wednesday, April 30th. They issued a "sell" rating on the stock. Finally, UBS Group upped their price objective on CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.08.

CNH Industrial Trading Down 1.9%

NYSE:CNH traded down $0.26 during midday trading on Friday, hitting $13.50. 16,915,592 shares of the company traded hands, compared to its average volume of 14,543,551. The firm has a market capitalization of $16.87 billion, a P/E ratio of 16.46 and a beta of 1.50. The firm's fifty day moving average is $12.81 and its 200-day moving average is $12.34. CNH Industrial N.V. has a 12-month low of $9.28 and a 12-month high of $13.87. 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 (NYSE:CNH - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating 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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $4.47 billion. The company's quarterly revenue was down 20.5% on a year-over-year basis. On average, sell-side analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current year.

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.