abrdn plc Invests $45.23 Million in CNH Industrial (NYSE:CNHI)

abrdn plc bought a new stake in CNH Industrial (NYSE:CNHI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,713,663 shares of the company's stock, valued at approximately $45,232,000. abrdn plc owned 0.28% of CNH Industrial as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNHI. Alta Advisers Ltd purchased a new stake in shares of CNH Industrial in the 3rd quarter valued at $40,000. BKM Wealth Management LLC purchased a new stake in shares of CNH Industrial in the 4th quarter valued at $49,000. Desjardins Global Asset Management Inc. purchased a new stake in shares of CNH Industrial in the 4th quarter valued at $55,000. CWM LLC raised its holdings in shares of CNH Industrial by 29.3% in the 3rd 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 period. Finally, Ridgewood Investments LLC purchased a new stake in shares of CNH Industrial in the 4th quarter valued at $122,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Down 6.3 %

Shares of NYSE:CNHI traded down $0.77 on Monday, hitting $11.54. 25,567,036 shares of the company's stock were exchanged, compared to its average volume of 11,883,881. The firm's 50-day moving average is $12.39 and its 200 day moving average is $11.75. The company has a market capitalization of $14.50 billion, a PE ratio of 6.59 and a beta of 1.65. CNH Industrial has a 1-year low of $9.77 and a 1-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 posted its earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.50 billion. During the same period in the previous year, the business earned $0.36 EPS. The business's quarterly revenue was down 2.6% on a year-over-year basis. Sell-side analysts predict that CNH Industrial will post 1.56 EPS for the current year.

CNH Industrial Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be issued a $0.47 dividend. 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.

Wall Street Analysts Forecast Growth

CNHI has been the subject of several analyst reports. 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 note on Wednesday, January 17th. Bank of America reissued a "neutral" rating on shares of CNH Industrial in a research note on Monday. StockNews.com cut CNH Industrial from a "hold" rating to a "sell" rating in a research note on Thursday, April 11th. Oppenheimer reissued a "market perform" rating on shares of CNH Industrial in a research note on Tuesday, April 16th. Finally, Truist Financial initiated coverage on CNH Industrial in a research note on Thursday, March 14th. They set a "buy" rating and a $18.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, CNH Industrial currently has an average rating of "Hold" and a consensus price target of $15.20.

CNH Industrial Company 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.