Kentucky Retirement Systems Makes New $732,000 Investment in CNH Industrial N.V. (NYSE:CNH)

Kentucky Retirement Systems bought a new position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 59,589 shares of the company's stock, valued at approximately $732,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Guyasuta Investment Advisors Inc. increased its position in shares of CNH Industrial by 1.3% during the first quarter. Guyasuta Investment Advisors Inc. now owns 3,499,343 shares of the company's stock worth $42,972,000 after acquiring an additional 44,319 shares during the last quarter. Praxis Investment Management Inc. purchased a new stake in shares of CNH Industrial during the first quarter worth about $361,000. Stonegate Investment Group LLC purchased a new stake in shares of CNH Industrial during the first quarter worth about $179,000. Global X Japan Co. Ltd. purchased a new stake in shares of CNH Industrial during the first quarter worth about $29,000. Finally, State of Alaska Department of Revenue increased its position in shares of CNH Industrial by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 102,460 shares of the company's stock worth $1,258,000 after acquiring an additional 2,785 shares during the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CNH shares. Evercore ISI lifted their target price on CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Robert W. Baird reissued a "neutral" rating and issued a $15.00 price objective (down from $16.00) on shares of CNH Industrial in a report on Monday, March 3rd. Truist Financial lowered their price objective on CNH Industrial from $17.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Morgan Stanley lowered their price objective on CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Northland Capmk raised CNH Industrial from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CNH Industrial presently has an average rating of "Moderate Buy" and a consensus target price of $15.08.

CNH Industrial Stock Performance

CNH stock traded up $0.12 during midday trading on Friday, reaching $13.02. The company had a trading volume of 25,757,677 shares, compared to its average volume of 14,241,442. The company has a quick ratio of 11.18, a current ratio of 13.41 and a debt-to-equity ratio of 3.29. The stock has a 50 day moving average price of $12.61 and a 200 day moving average price of $12.29. CNH Industrial N.V. has a fifty-two week low of $9.28 and a fifty-two week high of $13.87. The firm has a market capitalization of $16.26 billion, a PE ratio of 15.87 and a beta of 1.52.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. The firm's revenue was down 20.5% on a year-over-year basis. Analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Insider Transactions at CNH Industrial

In other news, 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 completion of the transaction, the chief financial officer now directly owns 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $27,355.80. Following the transaction, the chief technology officer now owns 32,762 shares of the company's stock, valued at approximately $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,246 shares of company stock worth $511,732. Company insiders own 0.23% of the company's stock.

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.