Praxis Investment Management Inc. Buys Shares of 29,370 CNH Industrial N.V. (NYSE:CNH)

Praxis Investment Management Inc. purchased a new position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 29,370 shares of the company's stock, valued at approximately $361,000.

Other large investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC purchased a new stake in shares of CNH Industrial during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in CNH Industrial during the 4th quarter valued at $25,000. Anchor Investment Management LLC purchased a new stake in CNH Industrial during the 4th quarter worth $26,000. Global X Japan Co. Ltd. purchased a new stake in CNH Industrial during the 1st quarter worth $29,000. Finally, Farther Finance Advisors LLC acquired a new position in CNH Industrial in the 4th quarter worth $27,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Stock Performance

Shares of CNH stock traded up $0.29 on Thursday, hitting $12.89. 17,650,704 shares of the stock traded hands, compared to its average volume of 14,151,707. The company's fifty day moving average is $12.57 and its 200 day moving average is $12.28. CNH Industrial N.V. has a 1-year low of $9.28 and a 1-year high of $13.87. The company has a market capitalization of $16.10 billion, a PE ratio of 15.71 and a beta of 1.52. The company has a debt-to-equity ratio of 3.29, a current ratio of 13.41 and a quick ratio of 11.18.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CNH shares. Wall Street Zen began coverage on CNH Industrial in a research note on Wednesday, April 30th. They set a "sell" rating for the company. Robert W. Baird reissued a "neutral" rating and issued a $15.00 price target (down previously from $16.00) on shares of CNH Industrial in a report on Monday, March 3rd. Northland Capmk upgraded CNH Industrial from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Oppenheimer cut their target price on CNH Industrial from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Evercore ISI increased their target price on CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.08.

Insider Buying and Selling

In other news, CFO Oddone Incisa sold 22,515 shares of the company's 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jay Schroeder sold 2,154 shares of the firm's 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 $27,355.80. Following the completion of the sale, the chief technology officer now directly owns 32,762 shares in the company, valued at approximately $416,077.40. This trade represents a 6.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,246 shares of company stock worth $511,732 over the last quarter. 1.00% of the stock is owned by company insiders.

CNH Industrial Company 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.