Cullen Investment Group LTD. bought a new stake in shares of CNH Industrial (NYSE:CNHI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 62,421 shares of the company's stock, valued at approximately $760,000.
Several other hedge funds and other institutional investors have also bought and sold shares of CNHI. Harris Associates L P lifted its stake 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 worth $1,501,638,000 after purchasing an additional 10,322,578 shares during the period. Vanguard Group Inc. lifted its stake in shares of CNH Industrial by 38.9% in the 3rd quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company's stock worth $620,450,000 after purchasing an additional 14,348,475 shares during the period. BlackRock Inc. lifted its stake in shares of CNH Industrial by 410.5% in the 2nd quarter. BlackRock Inc. now owns 20,936,974 shares of the company's stock worth $301,492,000 after purchasing an additional 16,835,827 shares during the period. Norges Bank bought a new position in shares of CNH Industrial in the 4th quarter worth approximately $265,843,000. Finally, State Street Corp lifted its stake in shares of CNH Industrial by 356.7% in the 2nd quarter. State Street Corp now owns 11,305,694 shares of the company's stock worth $162,802,000 after purchasing an additional 8,830,054 shares during the period. Institutional investors own 59.88% of the company's stock.
CNH Industrial Price Performance
Shares of CNHI stock traded down $0.15 on Tuesday, reaching $12.55. The company's stock had a trading volume of 10,574,038 shares, compared to its average volume of 11,896,763. The stock's fifty day simple moving average is $12.37 and its 200-day simple moving average is $11.73. CNH Industrial has a 1 year low of $9.77 and a 1 year high of $15.74. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 7.17 and a beta of 1.65.
CNH Industrial (NYSE:CNHI - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. During the same period last year, the firm posted $0.36 earnings per share. CNH Industrial's revenue for the quarter was down 2.6% compared to the same quarter last year. Analysts forecast that CNH Industrial will post 1.56 earnings per share 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. Investors of record on Monday, May 13th will be issued a $0.47 dividend. The ex-dividend date 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%.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. DA Davidson assumed coverage on shares of CNH Industrial in a research note on Tuesday, January 23rd. They set a "neutral" rating and a $13.00 target price on the stock. Truist Financial assumed coverage on shares of CNH Industrial in a research note on Thursday, March 14th. They set a "buy" rating and a $18.00 target price on the stock. StockNews.com cut shares of CNH Industrial from a "hold" rating to a "sell" rating in a research note on Thursday, April 11th. The Goldman Sachs Group upgraded shares of CNH Industrial from a "neutral" rating to a "buy" rating and set a $19.00 target price on the stock in a research note on Wednesday, January 17th. Finally, Evercore ISI raised 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 note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, CNH Industrial has an average rating of "Hold" and a consensus price target of $15.20.
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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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