Asset Management One Co. Ltd. Has $5.49 Million Holdings in CNH Industrial (NYSE:CNHI)

Asset Management One Co. Ltd. grew its holdings in CNH Industrial (NYSE:CNHI - Free Report) by 1,557.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 454,640 shares of the company's stock after purchasing an additional 427,209 shares during the period. Asset Management One Co. Ltd.'s holdings in CNH Industrial were worth $5,492,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Harris Associates L P increased its holdings in shares of CNH Industrial by 9.2% in the 3rd quarter. Harris Associates L P now owns 123,079,130 shares of the company's stock valued at $1,501,638,000 after purchasing an additional 10,322,578 shares during the period. Vanguard Group Inc. increased its holdings in CNH Industrial by 38.9% in the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company's stock worth $620,450,000 after buying an additional 14,348,475 shares during the last quarter. BlackRock Inc. increased its holdings in CNH Industrial by 410.5% in the second quarter. BlackRock Inc. now owns 20,936,974 shares of the company's stock worth $301,492,000 after buying an additional 16,835,827 shares during the last quarter. Norges Bank acquired a new position in CNH Industrial in the fourth quarter worth approximately $265,843,000. Finally, State Street Corp increased its holdings in CNH Industrial by 356.7% in the second quarter. State Street Corp now owns 11,305,694 shares of the company's stock worth $162,802,000 after buying an additional 8,830,054 shares during the last quarter. Institutional investors and hedge funds own 59.88% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CNHI. DA Davidson began coverage on CNH Industrial in a report on Tuesday, January 23rd. They issued a "neutral" rating and a $13.00 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 target price for the company in a research report on Wednesday, January 17th. Truist Financial started coverage on CNH Industrial in a research report on Thursday, March 14th. They set a "buy" rating and a $18.00 target price for the company. Wells Fargo & Company started coverage on CNH Industrial in a research report on Friday, December 15th. They set an "equal weight" rating and a $13.00 target price for the company. Finally, Morgan Stanley started coverage on CNH Industrial in a research report on Monday, January 8th. They set an "equal weight" rating and a $12.70 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $15.20.

CNH Industrial Price Performance

CNH Industrial stock traded down $0.13 during mid-day trading on Thursday, hitting $12.96. 9,124,318 shares of the company were exchanged, compared to its average volume of 11,992,444. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The business has a fifty day moving average of $12.36 and a 200 day moving average of $11.73. CNH Industrial has a 1-year low of $9.77 and a 1-year high of $15.74. The company has a market capitalization of $16.28 billion, a PE ratio of 7.41 and a beta of 1.65.

CNH Industrial (NYSE:CNHI - Get Free Report) last released 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. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. During the same period in the prior year, the company posted $0.36 earnings per share. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, sell-side analysts expect that CNH Industrial will post 1.56 earnings per share for the current year.

CNH Industrial Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from CNH Industrial's previous annual dividend of $0.39. This represents a dividend yield of 3.71%. CNH Industrial's dividend payout ratio (DPR) is 26.86%.

CNH Industrial Profile

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.