CNH Industrial N.V. (NYSE:CNH) Shares Sold by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC lessened its stake in CNH Industrial N.V. (NYSE:CNH - Free Report) by 17.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 528,802 shares of the company's stock after selling 114,367 shares during the period. CNH Industrial comprises about 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNH. Artisan Partners Limited Partnership bought a new stake in shares of CNH Industrial in the fourth quarter worth $361,990,000. Vanguard Group Inc. bought a new stake in shares of CNH Industrial in the fourth quarter worth $359,303,000. Charles Schwab Investment Management Inc. bought a new stake in shares of CNH Industrial in the fourth quarter worth $233,474,000. Dimensional Fund Advisors LP bought a new stake in shares of CNH Industrial in the fourth quarter worth $162,095,000. Finally, Millennium Management LLC bought a new stake in shares of CNH Industrial in the fourth quarter worth $136,517,000. Institutional investors own 59.88% of the company's stock.

Analyst Ratings Changes

CNH has been the subject of several recent research reports. Truist Financial lowered their target price on shares of CNH Industrial from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. UBS Group boosted their target price 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. 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 note on Friday, May 30th. Oppenheimer lowered their target price on shares of CNH Industrial from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Evercore ISI boosted their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. One 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 currently has an average rating of "Moderate Buy" and an average target price of $15.08.

Insider Activity at CNH Industrial

In related news, Director Suzanne Heywood sold 11,053 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $140,373.10. Following the completion of the sale, the director owned 566,905 shares of the company's stock, valued at $7,199,693.50. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Oddone Incisa sold 22,515 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $285,940.50. Following the completion of the sale, the chief financial officer directly owned 856,574 shares of the company's stock, valued at $10,878,489.80. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,246 shares of company stock worth $511,732. 0.23% of the stock is owned by company insiders.

CNH Industrial Stock Performance

Shares of CNH traded down $0.22 during midday trading on Monday, hitting $13.47. 15,252,473 shares of the stock traded hands, compared to its average volume of 14,547,972. CNH Industrial N.V. has a 1-year low of $9.28 and a 1-year high of $13.87. The firm has a market capitalization 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 business's 50 day moving average price is $12.85 and its two-hundred day moving average price is $12.36.

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

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.