Regents Gate Capital LLP Decreases Position in CNH Industrial N.V. (NYSE:CNH)

Regents Gate Capital LLP reduced its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 98.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,957 shares of the company's stock after selling 192,364 shares during the quarter. Regents Gate Capital LLP's holdings in CNH Industrial were worth $49,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CNH. EverSource Wealth Advisors LLC acquired a new position in CNH Industrial in the 4th quarter valued at $25,000. Colonial Trust Co SC acquired a new position in CNH Industrial in the 4th quarter valued at $25,000. Anchor Investment Management LLC acquired a new stake in shares of CNH Industrial in the 4th quarter worth $26,000. Farther Finance Advisors LLC acquired a new stake in shares of CNH Industrial in the 4th quarter worth $27,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of CNH Industrial in the 4th quarter worth $29,000. 59.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CNH Industrial

In other news, 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 completion of the transaction, the insider directly owned 161,473 shares of the company's stock, valued at approximately $2,050,707.10. The trade was a 2.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Oddone Incisa sold 22,515 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 value of $285,940.50. Following the transaction, the chief financial officer directly owned 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,246 shares of company stock valued at $511,732. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNH. Truist Financial cut their target price on CNH Industrial from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Evercore ISI raised their target price on CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Oppenheimer cut their target price on CNH Industrial from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Northland Securities raised CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a research note on Friday, April 11th. Finally, Wall Street Zen started coverage on CNH Industrial in a research note on Wednesday, April 30th. They issued a "sell" rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CNH Industrial presently has a consensus rating of "Moderate Buy" and an average price target of $15.08.

CNH Industrial Trading Down 2.4%

CNH Industrial stock traded down $0.33 during midday trading on Friday, reaching $13.47. 22,120,117 shares of the stock traded hands, compared to its average volume of 14,888,505. The company has a 50-day simple moving average of $12.99 and a two-hundred day simple moving average of $12.41. CNH Industrial N.V. has a 12-month low of $9.28 and a 12-month high of $14.27. The firm has a market cap of $16.83 billion, a PE ratio of 16.43 and a beta of 1.50. 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 (NYSE:CNH - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The company had revenue of $3.83 billion during 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. Research analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

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.