Zurcher Kantonalbank Zurich Cantonalbank Has $12.08 Million Stock Position in CNH Industrial N.V. (NYSE:CNH)

Key Points

• Zurcher Kantonalbank increased its stake in CNH Industrial N.V. by 156.6%, acquiring an additional 613,176 shares, bringing its total ownership to over 1 million shares valued at approximately $12.08 million.
• Analyst ratings for CNH Industrial vary, with one firm upgrading the stock to a "strong-buy" while others have assigned various buy and hold ratings, showcasing mixed sentiment among analysts.
• CNH Industrial reported quarterly earnings, posting an EPS of $0.10 and revenues of $3.83 billion, which missed analysts' expectations of $4.47 billion, reflecting a 20.5% decrease compared to the previous year.

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CNH Industrial N.V. (NYSE:CNH - Free Report) by 156.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,004,731 shares of the company's stock after purchasing an additional 613,176 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of CNH Industrial worth $12,080,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Colonial Trust Co SC purchased a new stake in shares of CNH Industrial in the fourth quarter valued at $25,000. Anchor Investment Management LLC purchased a new stake in shares of CNH Industrial during the fourth quarter worth $26,000. Global X Japan Co. Ltd. purchased a new stake in shares of CNH Industrial during the first quarter worth $29,000. TD Waterhouse Canada Inc. purchased a new stake in shares of CNH Industrial during the fourth quarter worth $29,000. Finally, LGT Financial Advisors LLC purchased a new stake in shares of CNH Industrial during the fourth quarter worth $32,000. 59.88% of the stock is owned by institutional investors.

Insider Buying and Selling at CNH Industrial

In other CNH Industrial news, CFO Oddone Incisa sold 22,515 shares of the stock in a transaction that occurred 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 owned 856,574 shares in the company, valued at $10,878,489.80. This represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kelly Manley sold 3,575 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $45,402.50. Following the transaction, the insider owned 161,473 shares in the company, valued at approximately $2,050,707.10. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,246 shares of company stock worth $511,732. 1.00% of the stock is currently owned by company insiders.

CNH Industrial Stock Performance

Shares of CNH stock traded down $0.19 on Wednesday, reaching $12.62. The stock had a trading volume of 15,843,731 shares, compared to its average volume of 19,986,484. The company has a quick ratio of 11.18, a current ratio of 13.41 and a debt-to-equity ratio of 3.29. The firm's 50-day moving average is $12.98 and its two-hundred day moving average is $12.58. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 15.39 and a beta of 1.50. CNH Industrial N.V. has a 12 month low of $9.28 and a 12 month high of $14.27.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Oppenheimer increased their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Northland Securities raised CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Friday, April 11th. Evercore ISI raised their price target on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and cut their price target for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Finally, Truist Financial cut 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $14.88.

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.