LSV Asset Management Increases Stock Position in CNH Industrial (NYSE:CNHI)

LSV Asset Management boosted its position in shares of CNH Industrial (NYSE:CNHI - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,409,740 shares of the company's stock after buying an additional 2,319,600 shares during the quarter. LSV Asset Management owned approximately 0.93% of CNH Industrial worth $151,151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of CNH Industrial by 20.9% in the fourth quarter. CWM LLC now owns 6,508 shares of the company's stock valued at $79,000 after buying an additional 1,125 shares in the last quarter. Public Sector Pension Investment Board raised its position in CNH Industrial by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company's stock worth $4,458,000 after acquiring an additional 1,223 shares during the period. Lindbrook Capital LLC raised its holdings in shares of CNH Industrial by 27.5% during the fourth quarter. Lindbrook Capital LLC now owns 6,188 shares of the company's stock valued at $75,000 after acquiring an additional 1,334 shares during the last quarter. Signaturefd LLC lifted its position in shares of CNH Industrial by 8.7% in the third quarter. Signaturefd LLC now owns 17,338 shares of the company's stock valued at $210,000 after acquiring an additional 1,382 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of CNH Industrial by 0.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 386,920 shares of the company's stock worth $4,682,000 after acquiring an additional 1,470 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Down 1.7 %

CNHI stock traded down $0.20 during midday trading on Friday, hitting $11.48. The company's stock had a trading volume of 9,092,978 shares, compared to its average volume of 11,575,719. CNH Industrial has a 52-week low of $9.77 and a 52-week high of $15.74. The firm has a 50-day simple moving average of $12.26 and a 200-day simple moving average of $11.72. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The firm has a market capitalization of $14.42 billion, a P/E ratio of 6.71 and a beta of 1.66.

CNH Industrial (NYSE:CNHI - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the business posted $0.35 earnings per share. CNH Industrial's revenue was down 9.8% compared to the same quarter last year. As a group, equities analysts forecast that CNH Industrial will post 1.54 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 dividend of $0.47 per share. This represents a dividend yield of 3.71%. This is a positive change from CNH Industrial's previous annual dividend of $0.39. The ex-dividend date is Friday, May 10th. CNH Industrial's dividend payout ratio is presently 27.49%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CNHI shares. JPMorgan Chase & Co. lowered their target price on shares of CNH Industrial from $14.50 to $14.00 and set a "neutral" rating on the stock in a research note on Friday. 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. Morgan Stanley started coverage on CNH Industrial in a research report on Monday, January 8th. They set an "equal weight" rating and a $12.70 price objective for the company. Truist Financial began coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They issued a "buy" rating and a $18.00 target price on the stock. Finally, StockNews.com cut shares of CNH Industrial from a "hold" rating to a "sell" rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CNH Industrial presently has a consensus 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.