Arizona State Retirement System acquired a new stake in shares of CNH Industrial (NYSE:CNHI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 281,560 shares of the company's stock, valued at approximately $3,429,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Middle East FZE boosted its position in shares of CNH Industrial by 1.5% during the second quarter. Point72 Middle East FZE now owns 75,291 shares of the company's stock valued at $1,084,000 after buying an additional 1,148 shares during the last quarter. CWM LLC boosted its position in shares of CNH Industrial by 29.3% during the third quarter. CWM LLC now owns 5,383 shares of the company's stock valued at $65,000 after buying an additional 1,220 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of CNH Industrial by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company's stock valued at $4,458,000 after buying an additional 1,223 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of CNH Industrial by 12.8% during the third quarter. Glenmede Trust Co. NA now owns 11,282 shares of the company's stock valued at $137,000 after buying an additional 1,280 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of CNH Industrial by 4.8% during the second quarter. Cerity Partners LLC now owns 30,197 shares of the company's stock valued at $435,000 after buying an additional 1,373 shares during the last quarter. Institutional investors own 59.88% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on CNHI shares. Wells Fargo & Company started coverage on CNH Industrial in a research report on Friday, December 15th. They issued an "equal weight" rating and a $13.00 price objective on the stock. Morgan Stanley started coverage on CNH Industrial in a research report on Monday, January 8th. They issued an "equal weight" rating and a $12.70 price objective on the stock. The Goldman Sachs Group raised CNH Industrial from a "neutral" rating to a "buy" rating and set a $19.00 price objective on the stock in a research report on Wednesday, January 17th. StockNews.com raised CNH Industrial from a "sell" rating to a "hold" rating in a research report on Wednesday, April 3rd. Finally, Evercore ISI upped their price target on CNH Industrial from $11.50 to $13.00 and gave the company an "in-line" rating in a research report on Tuesday, February 20th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, CNH Industrial has an average rating of "Hold" and a consensus target price of $15.20.
Check Out Our Latest Stock Report on CNH Industrial
CNH Industrial Price Performance
NYSE CNHI traded down $0.04 during trading on Wednesday, reaching $13.09. The company's stock had a trading volume of 10,622,183 shares, compared to its average volume of 12,034,006. The stock has a market capitalization of $16.44 billion, a PE ratio of 7.48 and a beta of 1.65. 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 firm has a fifty day moving average of $12.34 and a 200 day moving average of $11.72. 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 announced its earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. The business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The company's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. Analysts expect that CNH Industrial will post 1.56 EPS for the current fiscal year.
CNH Industrial Increases Dividend
The firm also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be paid a $0.47 dividend. This is a positive change from CNH Industrial's previous annual dividend of $0.39. This represents a yield of 3.71%. The ex-dividend date is Friday, May 10th.
About CNH Industrial
(
Free Report)
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.
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