Machina Capital S.A.S. Takes $399,000 Position in CNH Industrial N.V. (NYSE:CNH)

Key Points

• Machina Capital S.A.S. has invested $399,000 in CNH Industrial N.V., acquiring 32,480 shares in the first quarter.
• CNH Industrial reported $0.10 EPS for the last quarter, surpassing analysts' expectations of $0.09, but its revenue of $3.83 billion fell short of expectations.
• Analysts have set new price targets for CNH Industrial, with Oppenheimer raising its target from $15.00 to $16.00 and Northland Securities upgrading their rating to "outperform."

Machina Capital S.A.S. purchased a new stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,480 shares of the company's stock, valued at approximately $399,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC purchased a new position in CNH Industrial in the fourth quarter worth $25,000. Anchor Investment Management LLC purchased a new stake in shares of CNH Industrial during the fourth quarter valued at $26,000. TD Waterhouse Canada Inc. purchased a new stake in shares of CNH Industrial during the fourth quarter valued at $29,000. Global X Japan Co. Ltd. purchased a new stake in shares of CNH Industrial during the first quarter valued at $29,000. Finally, LGT Financial Advisors LLC purchased a new stake in shares of CNH Industrial during the fourth quarter valued at $32,000. Institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Up 0.8%

Shares of CNH stock traded up $0.10 during trading on Friday, hitting $13.31. 14,143,341 shares of the company were exchanged, compared to its average volume of 22,723,546. 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 firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 16.24 and a beta of 1.50. The business's 50-day simple moving average is $13.01 and its 200 day simple moving average is $12.54. CNH Industrial N.V. has a twelve month low of $9.28 and a twelve month high of $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH Industrial had a net margin of 5.53% and a return on equity of 14.32%. The company's revenue for the quarter was down 20.5% compared to the same quarter last year. As a group, analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

CNH has been the subject of a number of research reports. UBS Group boosted their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 9th. 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. Citigroup boosted their target price on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Northland Capmk raised shares of CNH Industrial from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Finally, The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $12.50 to $11.50 in a research note on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.88.

Insider Buying and Selling at CNH Industrial

In other news, 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 of the company's stock, valued at approximately $10,878,489.80. This represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Suzanne Heywood sold 11,053 shares of the 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 sale, the director directly owned 566,905 shares of the company's stock, valued at approximately $7,199,693.50. The trade was a 1.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,246 shares of company stock valued at $511,732. 1.00% of the stock is currently owned by company insiders.

CNH Industrial 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.