Perpetual Ltd Has $110.46 Million Position in CNH Industrial N.V. (NYSE:CNH)

Perpetual Ltd cut its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,994,945 shares of the company's stock after selling 810,078 shares during the period. CNH Industrial comprises about 1.3% of Perpetual Ltd's portfolio, making the stock its 23rd largest position. Perpetual Ltd owned approximately 0.72% of CNH Industrial worth $110,458,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new stake in shares of CNH Industrial in the 4th quarter valued at $25,000. Colonial Trust Co SC bought a new stake in shares of CNH Industrial in the fourth quarter worth about $25,000. Anchor Investment Management LLC acquired a new stake in shares of CNH Industrial during the fourth quarter worth about $26,000. Principal Securities Inc. bought a new position in shares of CNH Industrial during the 4th quarter valued at about $27,000. Finally, Farther Finance Advisors LLC bought a new position in shares of CNH Industrial during the 4th quarter valued at about $27,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Price Performance

NYSE:CNH opened at $12.89 on Friday. 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 stock's 50-day simple moving average is $12.57 and its 200 day simple moving average is $12.28. The company has a market cap of $16.10 billion, a P/E ratio of 15.71 and a beta of 1.52. CNH Industrial N.V. has a 52-week low of $9.28 and a 52-week high of $13.87.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on CNH shares. Evercore ISI raised their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Wall Street Zen assumed coverage on shares of CNH Industrial in a research report on Wednesday, April 30th. They set a "sell" rating for the company. Morgan Stanley dropped their price objective on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Northland Securities raised shares of CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research report on Friday, April 11th. Finally, Citigroup increased their target price on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 30th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.08.

Insider Activity

In other CNH Industrial news, CFO Oddone Incisa sold 22,515 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $285,940.50. Following the sale, the chief financial officer now directly owns 856,574 shares of the company's stock, valued at approximately $10,878,489.80. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kelly Manley sold 3,575 shares of the business'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 $45,402.50. Following the transaction, the insider now owns 161,473 shares in the company, valued at $2,050,707.10. This represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,246 shares of company stock valued at $511,732. 1.00% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding CNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNH Industrial N.V. (NYSE:CNH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.