Voss Capital LLC Invests $12.48 Million in CNH Industrial (NYSE:CNHI)

Voss Capital LLC bought a new stake in CNH Industrial (NYSE:CNHI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,025,000 shares of the company's stock, valued at approximately $12,484,000. CNH Industrial comprises 1.2% of Voss Capital LLC's portfolio, making the stock its 21st largest position. Voss Capital LLC owned 0.08% of CNH Industrial at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CNHI. Cullen Investment Group LTD. acquired a new stake in shares of CNH Industrial during the 4th quarter worth approximately $760,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in CNH Industrial by 1.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,650,356 shares of the company's stock valued at $32,281,000 after purchasing an additional 30,091 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in shares of CNH Industrial during the fourth quarter valued at about $725,000. Cambiar Investors LLC bought a new position in shares of CNH Industrial during the 4th quarter worth about $14,722,000. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of CNH Industrial in the 4th quarter valued at about $134,000. Institutional investors and hedge funds own 59.88% of the company's stock.

CNH Industrial Price Performance

CNH Industrial stock traded up $0.07 during mid-day trading on Monday, hitting $12.70. 7,518,907 shares of the company traded hands, compared to its average volume of 11,915,135. The stock has a fifty day moving average price of $12.36 and a 200-day moving average price of $11.73. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 7.22 and a beta of 1.65. CNH Industrial has a one year low of $9.77 and a one year high of $15.74. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32.

CNH Industrial (NYSE:CNHI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The firm 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 revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 EPS. On average, equities analysts predict that CNH Industrial will post 1.56 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

The business 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. This represents a dividend yield of 3.71%. The ex-dividend date is Friday, May 10th. This is a positive change from CNH Industrial's previous annual dividend of $0.39.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CNHI shares. Evercore ISI lifted their price objective on shares of CNH Industrial from $11.50 to $13.00 and gave the company an "in-line" rating in a report on Tuesday, February 20th. DA Davidson started coverage on CNH Industrial in a research note on Tuesday, January 23rd. They issued a "neutral" rating and a $13.00 price objective for the company. Truist Financial assumed coverage on CNH Industrial in a research report on Thursday, March 14th. They set a "buy" rating and a $18.00 target price on the stock. Morgan Stanley initiated coverage on CNH Industrial in a research report on Monday, January 8th. They issued an "equal weight" rating and a $12.70 price target for the company. Finally, The Goldman Sachs Group raised shares of CNH Industrial from a "neutral" rating to a "buy" rating and set a $19.00 price objective on the stock in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CNH Industrial has a consensus rating of "Hold" and an average target price of $15.20.

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.

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