Sumitomo Mitsui DS Asset Management Company Ltd Acquires New Stake in CNH Industrial (NYSE:CNHI)

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in CNH Industrial (NYSE:CNHI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 90,534 shares of the company's stock, valued at approximately $1,103,000.

Several other large investors have also modified their holdings of the business. Signaturefd LLC grew its position in shares of CNH Industrial by 10.5% in the 4th quarter. Signaturefd LLC now owns 19,158 shares of the company's stock worth $233,000 after buying an additional 1,820 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of CNH Industrial by 27.5% in the 4th quarter. Lindbrook Capital LLC now owns 6,188 shares of the company's stock worth $75,000 after buying an additional 1,334 shares during the last quarter. abrdn plc purchased a new position in shares of CNH Industrial in the 4th quarter worth approximately $45,232,000. Kraft Davis & Associates LLC purchased a new position in shares of CNH Industrial in the 4th quarter worth approximately $465,000. Finally, Cannon Global Investment Management LLC purchased a new position in shares of CNH Industrial in the 4th quarter worth approximately $426,000. Institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Performance

NYSE CNHI traded up $0.02 on Friday, hitting $11.40. 15,123,858 shares of the company's stock traded hands, compared to its average volume of 12,109,010. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. CNH Industrial has a 1-year low of $9.77 and a 1-year high of $15.74. The firm's 50-day moving average price is $12.32 and its two-hundred day moving average price is $11.74. The firm has a market capitalization of $14.32 billion, a PE ratio of 6.50 and a beta of 1.65.

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. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The business had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $6.50 billion. During the same period in the previous year, the business posted $0.36 EPS. The business's quarterly revenue was down 2.6% compared to the same quarter last year. As a group, analysts expect 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. Investors of record on Monday, May 13th will be paid a $0.47 dividend. This is a boost from CNH Industrial's previous annual dividend of $0.39. This represents a dividend yield of 3.71%. The ex-dividend date is Friday, May 10th.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Oppenheimer reaffirmed a "market perform" rating on shares of CNH Industrial in a research report on Tuesday, April 16th. StockNews.com downgraded shares of CNH Industrial from a "hold" rating to a "sell" rating in a research report on Thursday, April 11th. Morgan Stanley started coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set an "equal weight" rating and a $12.70 target price on the stock. Robert W. Baird boosted their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Finally, Truist Financial started coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They set a "buy" rating and a $18.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.