TD Private Client Wealth LLC Increases Holdings in CNH Industrial N.V. (NYSE:CNH)

TD Private Client Wealth LLC grew its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 118.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,206 shares of the company's stock after acquiring an additional 31,071 shares during the period. TD Private Client Wealth LLC's holdings in CNH Industrial were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CNH. EverSource Wealth Advisors LLC acquired a new position in shares of CNH Industrial during the 4th quarter worth approximately $25,000. Colonial Trust Co SC acquired a new position in shares of CNH Industrial during the 4th quarter worth approximately $25,000. Anchor Investment Management LLC acquired a new position in shares of CNH Industrial during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC acquired a new position in shares of CNH Industrial during the 4th quarter worth approximately $27,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of CNH Industrial during the 4th quarter worth approximately $29,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Trading Down 2.4%

Shares of CNH stock traded down $0.34 on Friday, reaching $13.47. 12,253,129 shares of the stock were exchanged, compared to its average volume of 18,508,385. The stock has a market cap of $16.82 billion, a P/E ratio of 16.45 and a beta of 1.50. The company has a quick ratio of 11.18, a current ratio of 13.41 and a debt-to-equity ratio of 3.29. The firm has a 50 day moving average of $12.96 and a two-hundred day moving average of $12.41. CNH Industrial N.V. has a 1-year low of $9.28 and a 1-year high of $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The business 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 revenue was down 20.5% on a year-over-year basis. On average, research analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current year.

Insider Transactions at CNH Industrial

In related news, CTO Jay Schroeder sold 2,154 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 $27,355.80. Following the completion of the sale, the chief technology officer directly owned 32,762 shares of the company's stock, valued at approximately $416,077.40. This represents a 6.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Suzanne Heywood sold 11,053 shares of the company'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 $140,373.10. Following the sale, the director directly owned 566,905 shares of the company's stock, valued at approximately $7,199,693.50. This trade represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,246 shares of company stock valued at $511,732. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

CNH has been the subject of several research reports. Northland Capmk upgraded CNH Industrial from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. UBS Group lifted their price objective on CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Truist Financial cut their price objective on CNH Industrial from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley cut their price target on CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Evercore ISI boosted their price target on CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, five have issued 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.08.

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.