Van ECK Associates Corp Cuts Stock Holdings in CNH Industrial (NYSE:CNHI)

Van ECK Associates Corp decreased its holdings in shares of CNH Industrial (NYSE:CNHI - Free Report) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,668,832 shares of the company's stock after selling 350,283 shares during the period. Van ECK Associates Corp owned approximately 0.20% of CNH Industrial worth $32,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CNHI. CWM LLC boosted its position in shares of CNH Industrial by 29.3% during the third quarter. CWM LLC now owns 5,383 shares of the company's stock worth $65,000 after purchasing an additional 1,220 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of CNH Industrial by 193.0% in the third quarter. SG Americas Securities LLC now owns 43,584 shares of the company's stock worth $527,000 after acquiring an additional 28,709 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of CNH Industrial during the third quarter worth about $255,000. Bank of New York Mellon Corp lifted its holdings in shares of CNH Industrial by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,188,035 shares of the company's stock valued at $74,875,000 after purchasing an additional 164,166 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of CNH Industrial in the 3rd quarter valued at approximately $1,278,000. 59.88% of the stock is currently owned by institutional investors.

CNH Industrial Price Performance

CNH Industrial stock traded down $0.08 during mid-day trading on Wednesday, reaching $11.33. 10,981,215 shares of the company were exchanged, compared to its average volume of 12,058,813. The firm has a market cap of $14.23 billion, a PE ratio of 6.52 and a beta of 1.65. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $15.74. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. The company has a fifty day simple moving average of $12.29 and a 200-day simple moving average of $11.73.

CNH Industrial (NYSE:CNHI - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. The firm had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. As a group, equities research analysts expect that CNH Industrial will post 1.56 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CNHI. Truist Financial assumed coverage on shares of CNH Industrial in a research note on Thursday, March 14th. They issued a "buy" rating and a $18.00 price target on the stock. Morgan Stanley began coverage on CNH Industrial in a report on Monday, January 8th. They set an "equal weight" rating and a $12.70 target price for the company. Robert W. Baird boosted their price target on CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Oppenheimer reaffirmed a "market perform" rating on shares of CNH Industrial in a research report on Tuesday, April 16th. Finally, Evercore ISI lifted their target price on CNH Industrial from $11.50 to $13.00 and gave the company an "in-line" rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.