TD Private Client Wealth LLC grew its stake in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 118.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 quarter.
A number of other large investors have also recently modified their holdings of CNH. Bank Pictet & Cie Europe AG purchased a new stake in shares of CNH Industrial in the 4th quarter worth $1,937,000. Proficio Capital Partners LLC purchased a new stake in shares of CNH Industrial in the 4th quarter worth approximately $221,000. US Bancorp DE purchased a new stake in CNH Industrial during the fourth quarter worth $187,000. Jones Financial Companies Lllp purchased a new stake in CNH Industrial during the fourth quarter worth $234,000. Finally, Victory Capital Management Inc. bought a new stake in CNH Industrial during the 4th quarter valued at $708,000. Hedge funds and other institutional investors own 59.88% of the company's stock.
CNH Industrial Price Performance
Shares of NYSE CNH traded up $0.12 during trading on Thursday, hitting $13.81. 24,423,427 shares of the company were exchanged, compared to its average volume of 14,818,065. 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 N.V. has a 1 year low of $9.28 and a 1 year high of $14.27. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 16.84 and a beta of 1.50. The firm's fifty day moving average price is $12.94 and its 200 day moving average price is $12.40.
CNH Industrial (NYSE:CNH - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $4.47 billion. CNH Industrial had a net margin of 5.53% and a return on equity of 14.32%. CNH Industrial's revenue for the quarter was down 20.5% on a year-over-year basis. On average, sell-side analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have commented on CNH shares. Northland Capmk raised shares of CNH Industrial from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Wall Street Zen assumed coverage on CNH Industrial in a research note on Wednesday, April 30th. They set a "sell" rating on the stock. Citigroup boosted their target price on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Evercore ISI lifted their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Finally, Morgan Stanley lowered their price target 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. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CNH Industrial currently has an average rating of "Moderate Buy" and an average price target of $15.08.
View Our Latest Stock Report on CNH
Insider Transactions at CNH Industrial
In other CNH Industrial news, CFO Oddone Incisa sold 22,515 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were 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 directly owned 856,574 shares in the company, valued at approximately $10,878,489.80. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kelly Manley sold 3,575 shares of CNH Industrial 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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,246 shares of company stock valued at $511,732. Company insiders own 1.00% of the company's stock.
About CNH Industrial
(
Free Report)
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.
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