Massachusetts Financial Services Co. MA Reduces Holdings in CNH Industrial N.V. (NYSE:CNH)

Massachusetts Financial Services Co. MA decreased its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 47.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,811,643 shares of the company's stock after selling 2,511,657 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.23% of CNH Industrial worth $34,527,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CNH. Hohimer Wealth Management LLC lifted its stake in shares of CNH Industrial by 2.5% during the 1st quarter. Hohimer Wealth Management LLC now owns 303,866 shares of the company's stock worth $3,731,000 after buying an additional 7,493 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of CNH Industrial during the 1st quarter valued at approximately $6,108,000. MQS Management LLC bought a new stake in shares of CNH Industrial during the 1st quarter valued at approximately $295,000. A&I Financial Services LLC grew its holdings in shares of CNH Industrial by 9.7% during the 1st quarter. A&I Financial Services LLC now owns 46,706 shares of the company's stock valued at $574,000 after purchasing an additional 4,135 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in CNH Industrial by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 244,900 shares of the company's stock worth $3,007,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors own 59.88% of the company's stock.

Insiders Place Their Bets

In other news, CFO Oddone Incisa sold 22,515 shares of CNH Industrial stock in a transaction 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 sale, the chief financial officer directly owned 856,574 shares in the company, valued at approximately $10,878,489.80. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jay Schroeder sold 2,154 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $27,355.80. Following the transaction, the chief technology officer owned 32,762 shares in the company, valued at approximately $416,077.40. This represents a 6.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,246 shares of company stock worth $511,732 in the last 90 days. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

CNH has been the topic of a number of research reports. Northland Capmk upgraded shares of CNH Industrial from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. UBS Group increased their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 9th. Oppenheimer raised their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Morgan Stanley decreased their price objective on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Evercore ISI increased their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. 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 presently has an average rating of "Moderate Buy" and a consensus target price of $14.88.

CNH Industrial Price Performance

Shares of CNH stock traded down $0.29 during trading hours on Monday, hitting $12.67. 10,600,039 shares of the company's stock were exchanged, compared to its average volume of 15,213,904. 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 N.V. has a 12-month low of $9.28 and a 12-month high of $14.27. The business's 50 day simple moving average is $13.04 and its 200-day simple moving average is $12.49. The company has a market capitalization of $15.83 billion, a PE ratio of 15.45 and a beta of 1.50.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly 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. The business had revenue of $3.83 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. On average, equities research analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

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.