CNH Industrial (NYSE:CNHI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in CNH Industrial (NYSE:CNHI - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 718,239 shares of the company's stock after selling 201,132 shares during the period. New York State Common Retirement Fund owned 0.05% of CNH Industrial worth $8,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC lifted its position in CNH Industrial by 29.3% during the 3rd quarter. CWM LLC now owns 5,383 shares of the company's stock valued at $65,000 after acquiring an additional 1,220 shares during the period. SG Americas Securities LLC lifted its position in CNH Industrial by 193.0% during the 3rd quarter. SG Americas Securities LLC now owns 43,584 shares of the company's stock valued at $527,000 after acquiring an additional 28,709 shares during the period. Commonwealth Equity Services LLC purchased a new position in CNH Industrial during the 3rd quarter valued at about $255,000. Bank of New York Mellon Corp lifted its position in 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 acquiring an additional 164,166 shares during the period. Finally, Strs Ohio purchased a new position in CNH Industrial during the 3rd quarter valued at about $1,278,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Stock Performance

Shares of CNHI stock traded down $0.20 during trading hours on Friday, reaching $11.49. The company had a trading volume of 9,092,739 shares, compared to its average volume of 12,092,861. The business has a fifty day moving average price of $12.26 and a 200-day moving average price of $11.72. CNH Industrial has a one year low of $9.77 and a one year high of $15.74. The firm has a market cap of $14.43 billion, a PE ratio of 6.56 and a beta of 1.66. 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 quarterly earnings data on Thursday, May 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.46 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The firm's revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. Sell-side analysts predict 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. Investors 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. The ex-dividend date is Friday, May 10th. This represents a dividend yield of 3.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CNHI. Oppenheimer reissued a "market perform" rating on shares of CNH Industrial in a research report on Tuesday, April 16th. Bank of America restated a "neutral" rating on shares of CNH Industrial in a research note on Monday, April 22nd. DA Davidson began coverage on shares of CNH Industrial in a research note on Tuesday, January 23rd. They set a "neutral" rating and a $13.00 price objective for the company. Evercore ISI raised their price objective on shares of CNH Industrial from $11.50 to $13.00 and gave the company an "in-line" rating in a research note on Tuesday, February 20th. Finally, StockNews.com lowered shares of CNH Industrial from a "hold" rating to a "sell" rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $15.27.

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.