Virtu Financial LLC Acquires 45,072 Shares of CNH Industrial N.V. (NYSE:CNH)

Key Points

• Virtu Financial LLC increased its stake in CNH Industrial N.V. by 131.9% in the first quarter, holding 79,254 shares valued at approximately $973,000.
• A number of brokerages have issued new price targets for CNH Industrial, with Citigroup raising its target from $14.00 to $16.00, issuing a "buy" rating.
• CNH Industrial reported quarterly earnings of $0.17 EPS, exceeding analyst expectations and generating revenue of $4.71 billion, despite a year-over-year decline of 14.2% in revenue.

Virtu Financial LLC lifted its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 131.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,254 shares of the company's stock after buying an additional 45,072 shares during the period. Virtu Financial LLC's holdings in CNH Industrial were worth $973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of CNH Industrial by 186.0% during the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock worth $1,113,847,000 after acquiring an additional 58,991,632 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of CNH Industrial during the fourth quarter worth $162,095,000. Millennium Management LLC purchased a new stake in shares of CNH Industrial during the fourth quarter worth $136,517,000. DME Capital Management LP purchased a new stake in shares of CNH Industrial during the fourth quarter worth $115,959,000. Finally, FMR LLC purchased a new stake in shares of CNH Industrial during the fourth quarter worth $98,804,000. Institutional investors and hedge funds own 59.88% of the company's stock.

CNH Industrial Stock Up 0.5%

NYSE CNH traded up $0.06 during trading on Friday, hitting $12.21. 8,920,393 shares of the company traded hands, compared to its average volume of 14,366,194. CNH Industrial N.V. has a 12 month low of $9.77 and a 12 month high of $14.27. The business has a fifty day simple moving average of $12.94 and a 200 day simple moving average of $12.61. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $15.27 billion, a P/E ratio of 18.78 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNH. The Goldman Sachs Group lowered CNH Industrial from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. Evercore ISI increased their price objective on CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Citigroup increased their price objective on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 30th. UBS Group increased their price objective on CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Oppenheimer increased their price objective on CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CNH Industrial presently has an average rating of "Moderate Buy" and an average price target of $15.21.

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.