Teacher Retirement System of Texas Acquires Shares of 127,848 CNH Industrial N.V. (NYSE:CNH)

Teacher Retirement System of Texas acquired a new stake in CNH Industrial N.V. (NYSE:CNH - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 127,848 shares of the company's stock, valued at approximately $1,570,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in CNH Industrial in the fourth quarter valued at about $25,000. Colonial Trust Co SC acquired a new position in CNH Industrial in the fourth quarter valued at about $25,000. Anchor Investment Management LLC acquired a new position in CNH Industrial in the fourth quarter valued at about $26,000. Farther Finance Advisors LLC acquired a new position in CNH Industrial in the fourth quarter valued at about $27,000. Finally, TD Waterhouse Canada Inc. acquired a new position in CNH Industrial in the fourth quarter valued at about $29,000. Institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Down 2.4%

CNH traded down $0.33 on Friday, hitting $13.47. 22,120,117 shares of the company were exchanged, compared to its average volume of 14,888,505. CNH Industrial N.V. has a 12 month low of $9.28 and a 12 month high of $14.27. The company has a market cap of $16.83 billion, a PE ratio of 16.43 and a beta of 1.50. The company has a debt-to-equity ratio of 3.29, a quick ratio of 11.18 and a current ratio of 13.41. The stock's fifty day moving average is $12.99 and its 200-day moving average is $12.41.

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

Analysts Set New Price Targets

CNH has been the subject of a number of research analyst reports. UBS Group boosted their target price on CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Wall Street Zen initiated coverage on CNH Industrial in a research note on Wednesday, April 30th. They issued a "sell" rating for the company. Morgan Stanley decreased their target price on CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Truist Financial decreased 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. Finally, Evercore ISI upped their price objective on CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $15.08.

Insider Buying and Selling

In other CNH Industrial 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 value of $285,940.50. Following the sale, the chief financial officer owned 856,574 shares in the company, valued at $10,878,489.80. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kelly Manley sold 3,575 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $45,402.50. Following the completion of the sale, the insider owned 161,473 shares in the company, valued at $2,050,707.10. This represents a 2.17% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,246 shares of company stock worth $511,732. Insiders own 1.00% of the company's stock.

About CNH Industrial

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.