Timber Creek Capital Management LLC Sells 114,367 Shares of CNH Industrial N.V. (NYSE:CNH)

Timber Creek Capital Management LLC trimmed its position in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 17.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 528,802 shares of the company's stock after selling 114,367 shares during the period. CNH Industrial makes up approximately 1.7% of Timber Creek Capital Management LLC's investment portfolio, making the stock its 18th largest position. Timber Creek Capital Management LLC's holdings in CNH Industrial were worth $6,494,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of CNH Industrial in the 4th quarter valued at approximately $25,000. Colonial Trust Co SC acquired a new stake in shares of CNH Industrial in the 4th quarter valued at approximately $25,000. Anchor Investment Management LLC acquired a new stake in shares of CNH Industrial in the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC acquired a new stake in shares of CNH Industrial in the 4th quarter valued at approximately $27,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of CNH Industrial in the 4th quarter valued at approximately $29,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price target on shares of CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Morgan Stanley dropped their price objective on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Evercore ISI raised their price objective 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. Northland Capmk upgraded shares of CNH Industrial from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Finally, Truist Financial dropped their price objective on shares of CNH Industrial from $17.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $15.08.

Insider Activity at CNH Industrial

In related news, CFO Oddone Incisa sold 22,515 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $285,940.50. Following the transaction, the chief financial officer directly owned 856,574 shares of the company's stock, valued at $10,878,489.80. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Suzanne Heywood sold 11,053 shares of the 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 transaction, the director directly owned 566,905 shares in the company, valued at approximately $7,199,693.50. This represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,246 shares of company stock worth $511,732 over the last quarter. 1.00% of the stock is currently owned by insiders.

CNH Industrial Trading Down 1.9%

CNH Industrial stock traded down $0.26 during mid-day trading on Friday, hitting $13.50. 16,915,592 shares of the stock were exchanged, compared to its average volume of 14,545,142. The company has a quick ratio of 11.18, a current ratio of 13.41 and a debt-to-equity ratio of 3.29. CNH Industrial N.V. has a 12 month low of $9.28 and a 12 month high of $13.87. The firm's fifty day simple moving average is $12.81 and its two-hundred day simple moving average is $12.34. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 16.46 and a beta of 1.50.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly 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 net margin of 5.53% and a return on equity of 14.32%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. The business's revenue was down 20.5% on a year-over-year basis. Analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current year.

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.