Seelaus Asset Management LLC Buys New Position in CNH Industrial N.V. (NYSE:CNH)

Seelaus Asset Management LLC acquired a new position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 35,381 shares of the company's stock, valued at approximately $433,000.

Several other hedge funds have also recently bought and sold shares of the stock. Bank Pictet & Cie Europe AG acquired a new position in shares of CNH Industrial during the fourth quarter worth $1,937,000. LPL Financial LLC acquired a new position in shares of CNH Industrial during the fourth quarter valued at about $4,431,000. Prudential Financial Inc. acquired a new position in shares of CNH Industrial during the fourth quarter valued at about $418,000. Orion Portfolio Solutions LLC bought a new stake in shares of CNH Industrial during the fourth quarter worth about $338,000. Finally, Schroder Investment Management Group bought a new stake in shares of CNH Industrial during the fourth quarter worth about $406,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNH has been the subject of several recent research reports. Wall Street Zen started coverage on shares of CNH Industrial in a research report on Wednesday, April 30th. They set a "sell" rating for the company. Citigroup upped their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. 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. Finally, Northland Securities raised 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 investment 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $14.88.

CNH Industrial Stock Performance

CNH stock traded up $0.08 during midday trading on Tuesday, reaching $12.61. 13,578,965 shares of the company's stock traded hands, compared to its average volume of 20,957,828. The company has a 50-day moving average price of $12.96 and a two-hundred day moving average price of $12.62. The company has a debt-to-equity ratio of 3.52, a quick ratio of 388.36 and a current ratio of 463.96. CNH Industrial N.V. has a 52 week low of $9.40 and a 52 week high of $14.27. The firm has a market capitalization of $15.76 billion, a PE ratio of 19.40 and a beta of 1.54.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The business's revenue for the quarter was down 14.2% compared to the same quarter last year. As a group, equities analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current year.

Insider Buying and Selling at CNH Industrial

In other CNH Industrial news, Director Suzanne Heywood sold 11,053 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 $140,373.10. Following the sale, the director owned 566,905 shares of the company's stock, valued at $7,199,693.50. This trade represents a 1.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jay Schroeder sold 2,154 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $27,355.80. Following the completion of the sale, the chief technology officer directly owned 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 sold a total of 40,246 shares of company stock worth $511,732 in the last quarter. 0.23% of the stock is currently owned by company insiders.

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.