Mackenzie Financial Corp Takes $2.84 Million Position in CNH Industrial N.V. (NYSE:CNH)

Key Points

• Mackenzie Financial Corp has invested approximately $2.84 million in CNH Industrial N.V., acquiring 231,270 shares during the first quarter.
• Institutional investors own 59.88% of CNH Industrial's stock, with notable increases in stakes from various firms such as Ridgewood Investments and Zurcher Kantonalbank.
• Analysts have varied opinions on CNH Industrial's stock, with target prices ranging from $15.00 to $18.00 and a current average rating of "Moderate Buy."

Mackenzie Financial Corp bought a new position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 231,270 shares of the company's stock, valued at approximately $2,840,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNH. Colonial Trust Co SC purchased a new stake in CNH Industrial during the 4th quarter valued at about $25,000. Anchor Investment Management LLC purchased a new stake in CNH Industrial during the 4th quarter valued at about $26,000. Global X Japan Co. Ltd. purchased a new stake in CNH Industrial during the 1st quarter valued at about $29,000. TD Waterhouse Canada Inc. purchased a new stake in CNH Industrial during the 4th quarter valued at about $29,000. Finally, LGT Financial Advisors LLC purchased a new stake in CNH Industrial during the 4th quarter valued at about $32,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CNH Industrial

In other CNH Industrial 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 transaction of $285,940.50. Following the completion of the transaction, the chief financial officer owned 856,574 shares of the company's stock, valued at $10,878,489.80. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kelly Manley sold 3,575 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 $45,402.50. Following the transaction, the insider directly owned 161,473 shares of the company's stock, valued at $2,050,707.10. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,246 shares of company stock worth $511,732 over the last three months. 0.23% of the stock is owned by insiders.

CNH Industrial Price Performance

NYSE CNH traded up $0.09 during trading hours on Monday, reaching $12.56. The company's stock had a trading volume of 9,949,779 shares, compared to its average volume of 18,600,852. The firm has a market capitalization of $15.69 billion, a price-to-earnings ratio of 19.32 and a beta of 1.54. CNH Industrial N.V. has a 1-year low of $9.28 and a 1-year 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 is $12.97 and its two-hundred day moving average is $12.61.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%. The business had revenue of $4.71 billion during the quarter, compared to analysts' expectations of $4.47 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The business's revenue was down 14.2% compared to the same quarter last year. On average, equities analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current year.

Analyst Upgrades and Downgrades

CNH has been the topic of several research analyst reports. The Goldman Sachs Group downgraded CNH Industrial from a "buy" rating to a "neutral" rating and dropped their price target for the company from $12.50 to $11.50 in a research note on Wednesday, July 16th. UBS Group boosted their price target on CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Wall Street Zen assumed coverage on CNH Industrial in a report on Wednesday, April 30th. They issued a "sell" rating for the company. Oppenheimer boosted their price objective on CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, Morgan Stanley decreased 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. 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's stock. Based on data from MarketBeat, CNH Industrial presently has an average rating of "Moderate Buy" and an average target price of $14.88.

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.