CNH Industrial N.V. (NYSE:CNH) Shares Sold by Perpetual Ltd

Perpetual Ltd cut its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 8.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,994,945 shares of the company's stock after selling 810,078 shares during the period. CNH Industrial accounts for 1.3% of Perpetual Ltd's holdings, making the stock its 23rd biggest position. Perpetual Ltd owned about 0.72% of CNH Industrial worth $110,458,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Balefire LLC boosted its holdings in CNH Industrial by 10.9% during 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 holdings in 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 buying an additional 157,172 shares in the last quarter. Hi Line Capital Management LLC raised its position 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 worth $2,805,000 after acquiring an additional 4,899 shares during the period. Asset Management One Co. Ltd. raised its position in CNH Industrial by 4.2% during the first quarter. Asset Management One Co. Ltd. now owns 362,238 shares of the company's stock worth $4,448,000 after acquiring an additional 14,672 shares during the period. Finally, Avantra Family Wealth Inc. raised its position in CNH Industrial by 153.6% during the first quarter. Avantra Family Wealth Inc. now owns 29,997 shares of the company's stock worth $368,000 after acquiring an additional 18,170 shares during the period. 59.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Suzanne Heywood sold 11,053 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $140,373.10. Following the completion of the sale, the director directly owned 566,905 shares in the company, valued at approximately $7,199,693.50. This trade represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Oddone Incisa sold 22,515 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $285,940.50. Following the sale, the chief financial officer owned 856,574 shares of the company's stock, 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. Insiders have sold a total of 40,246 shares of company stock valued at $511,732 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Baird R W cut shares of CNH Industrial from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Northland Capmk upgraded shares of CNH Industrial from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Morgan Stanley reduced their price objective on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Evercore ISI upped their price objective 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. Finally, Northland Securities upgraded shares of CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CNH Industrial currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.08.

CNH Industrial Price Performance

Shares of NYSE CNH traded down $0.05 during mid-day trading on Monday, reaching $12.98. The company's stock had a trading volume of 18,487,591 shares, compared to its average volume of 14,258,427. The stock has a 50-day moving average of $12.65 and a two-hundred day moving average of $12.30. The stock has a market capitalization of $16.22 billion, a P/E ratio of 15.83 and a beta of 1.52. The company has a debt-to-equity ratio of 3.29, a quick ratio of 11.18 and a current ratio of 13.41. CNH Industrial N.V. has a 1-year low of $9.28 and a 1-year high of $13.87.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $4.47 billion. The firm's revenue 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 EPS for the current fiscal year.

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.