Stock Traders Purchase Large Volume of CNH Industrial Put Options (NYSE:CNHI)

CNH Industrial (NYSE:CNHI - Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock traders acquired 3,113 put options on the stock. This is an increase of 173% compared to the average volume of 1,142 put options.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of CNH Industrial from $11.50 to $13.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 20th. Truist Financial began coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They issued a "buy" rating and a $18.00 target price on the stock. DA Davidson began coverage on shares of CNH Industrial in a research report on Tuesday, January 23rd. They set a "neutral" rating and a $13.00 price objective on the stock. Morgan Stanley began coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set an "equal weight" rating and a $12.70 price objective on the stock. Finally, Robert W. Baird boosted their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $15.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SRS Capital Advisors Inc. acquired a new position in CNH Industrial during the fourth quarter worth $25,000. Salem Investment Counselors Inc. acquired a new position in CNH Industrial during the first quarter worth $26,000. Alta Advisers Ltd acquired a new position in shares of CNH Industrial in the third quarter valued at $40,000. Hartford Financial Management Inc. increased its holdings in shares of CNH Industrial by 210.0% in the first quarter. Hartford Financial Management Inc. now owns 3,100 shares of the company's stock valued at $40,000 after purchasing an additional 2,100 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of CNH Industrial by 6,664.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,585 shares of the company's stock valued at $44,000 after purchasing an additional 3,532 shares during the last quarter. Institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Performance

Shares of NYSE CNHI traded down $0.32 during trading hours on Tuesday, hitting $11.41. 9,929,845 shares of the stock were exchanged, compared to its average volume of 12,071,796. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. The company's 50 day moving average is $12.30 and its 200 day moving average is $11.73. The firm has a market capitalization of $14.33 billion, a P/E ratio of 6.50 and a beta of 1.65. CNH Industrial has a one year low of $9.77 and a one year high of $15.74.

CNH Industrial (NYSE:CNHI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. CNH Industrial's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. On average, research analysts expect that CNH Industrial will post 1.56 EPS for the current year.

CNH Industrial Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be issued a dividend of $0.47 per share. This is an increase from CNH Industrial's previous annual dividend of $0.39. This represents a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, May 10th.

About CNH Industrial

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.