Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 496,647 CNH Industrial (NYSE:CNHI)

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of CNH Industrial (NYSE:CNHI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 496,647 shares of the company's stock, valued at approximately $5,935,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in shares of CNH Industrial by 9.4% in the 4th quarter. Private Advisor Group LLC now owns 12,709 shares of the company's stock valued at $155,000 after acquiring an additional 1,090 shares in the last quarter. CWM LLC raised its holdings in shares of CNH Industrial by 20.9% in the 4th quarter. CWM LLC now owns 6,508 shares of the company's stock valued at $79,000 after acquiring an additional 1,125 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of CNH Industrial by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company's stock valued at $4,458,000 after acquiring an additional 1,223 shares in the last quarter. Lindbrook Capital LLC raised its holdings 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 valued at $75,000 after acquiring an additional 1,334 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of CNH Industrial by 8.7% in the 3rd 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. Institutional investors own 59.88% of the company's stock.

CNH Industrial Price Performance

The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of 6.70 and a beta of 1.66. The company has a debt-to-equity ratio of 3.49, a quick ratio of 8.11 and a current ratio of 9.88. The stock has a fifty day simple moving average of $12.21 and a 200-day simple moving average of $11.76. CNH Industrial has a one year low of $9.77 and a one year high of $15.74.

CNH Industrial (NYSE:CNHI - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.46 billion. CNH Industrial had a return on equity of 28.38% and a net margin of 9.48%. The business's quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. Research analysts expect that CNH Industrial will post 1.51 EPS for the current fiscal year.

CNH Industrial Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be given a dividend of $0.47 per share. The ex-dividend date is Friday, May 10th. This is an increase from CNH Industrial's previous annual dividend of $0.39. This represents a yield of 3.71%. CNH Industrial's dividend payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Truist Financial decreased their price objective on CNH Industrial from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, May 6th. StockNews.com lowered CNH Industrial from a "hold" rating to a "sell" rating in a research report on Thursday, April 11th. Bank of America reiterated a "neutral" rating on shares of CNH Industrial in a research report on Monday, April 22nd. Oppenheimer reiterated a "market perform" rating on shares of CNH Industrial in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lowered their target price on CNH Industrial from $14.50 to $14.00 and set a "neutral" rating for the company in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.