Vanguard Group Inc. Purchases 58,991,632 Shares of CNH Industrial N.V. (NYSE:CNH)

Vanguard Group Inc. boosted its holdings in shares of CNH Industrial N.V. (NYSE:CNH - Free Report) by 186.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,704,159 shares of the company's stock after acquiring an additional 58,991,632 shares during the period. Vanguard Group Inc. owned 7.27% of CNH Industrial worth $1,113,847,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Colonial Trust Co SC bought a new stake in CNH Industrial during the 4th quarter valued at about $25,000. Anchor Investment Management LLC bought a new stake in CNH Industrial during the 4th quarter valued at about $26,000. Global X Japan Co. Ltd. bought a new stake in CNH Industrial during the 1st quarter valued at about $29,000. TD Waterhouse Canada Inc. bought a new stake in CNH Industrial during the 4th quarter valued at about $29,000. Finally, LGT Financial Advisors LLC bought a new stake in CNH Industrial during the 4th quarter valued at about $32,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CNH. The Goldman Sachs Group lowered shares of CNH Industrial from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Oppenheimer lifted their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Citigroup lifted their price target on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. 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 report on Monday, May 19th. Finally, 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 report on Friday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.21.

CNH Industrial Price Performance

Shares of CNH stock traded up $0.05 during mid-day trading on Friday, hitting $12.20. The company had a trading volume of 2,165,822 shares, compared to its average volume of 18,094,607. CNH Industrial N.V. has a 52-week low of $9.77 and a 52-week high of $14.27. The stock's 50 day moving average price is $12.95 and its 200-day moving average price is $12.61. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. The company has a market capitalization of $15.25 billion, a P/E ratio of 18.79 and a beta of 1.54.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The company had revenue of $4.71 billion for the quarter, compared to analysts' expectations of $4.47 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. CNH Industrial's quarterly revenue was down 14.2% on a year-over-year basis. Equities research analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

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.