Mackenzie Financial Corp Sells 1,176,634 Shares of CNH Industrial (NYSE:CNHI)

Mackenzie Financial Corp decreased its holdings in shares of CNH Industrial (NYSE:CNHI - Free Report) by 97.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,858 shares of the company's stock after selling 1,176,634 shares during the period. Mackenzie Financial Corp's holdings in CNH Industrial were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Alta Advisers Ltd acquired a new stake in shares of CNH Industrial in the 3rd quarter worth approximately $40,000. BKM Wealth Management LLC acquired a new stake in shares of CNH Industrial in the 4th quarter worth approximately $49,000. CWM LLC grew 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 worth $65,000 after acquiring an additional 1,220 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of CNH Industrial in the 4th quarter worth approximately $122,000. Finally, Covestor Ltd acquired a new stake in shares of CNH Industrial in the 3rd quarter worth approximately $125,000. Institutional investors and hedge funds own 59.88% of the company's stock.

CNH Industrial Trading Up 0.3 %

Shares of CNHI traded up $0.03 during trading hours on Friday, hitting $11.41. The stock had a trading volume of 15,123,869 shares, compared to its average volume of 10,130,378. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32. The firm has a market cap of $14.33 billion, a P/E ratio of 6.52 and a beta of 1.65. The company's fifty day simple moving average is $12.31 and its 200 day simple moving average is $11.73. CNH Industrial has a 12-month low of $9.77 and a 12-month high of $15.74.

CNH Industrial (NYSE:CNHI - Get Free Report) last issued its earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The business 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 business's quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. Equities research analysts forecast that CNH Industrial will post 1.56 EPS for the current fiscal 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 given a $0.47 dividend. This is a positive change 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.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Evercore ISI upped their price target on CNH Industrial from $11.50 to $13.00 and gave the stock an "in-line" rating in a report on Tuesday, February 20th. Bank of America reiterated a "neutral" rating on shares of CNH Industrial in a report on Monday, April 22nd. Robert W. Baird increased their target price on CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. DA Davidson initiated coverage on CNH Industrial in a report on Tuesday, January 23rd. They set a "neutral" rating and a $13.00 target price on the stock. Finally, Oppenheimer reiterated a "market perform" rating on shares of CNH Industrial in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.