Parametrica Management Ltd cut its holdings in shares of CNH Industrial (NYSE:CNHI) by 45.7% during the first quarter, Holdings Channel reports. The fund owned 26,106 shares of the company’s stock after selling 21,939 shares during the period. Parametrica Management Ltd’s holdings in CNH Industrial were worth $324,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new stake in CNH Industrial during the 4th quarter worth approximately $122,000. CoreCommodity Management LLC bought a new stake in CNH Industrial during the 4th quarter worth approximately $139,000. Virtu Financial LLC bought a new stake in CNH Industrial during the 4th quarter worth approximately $195,000. Wells Fargo & Company MN grew its position in CNH Industrial by 34.0% during the 4th quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock worth $203,000 after acquiring an additional 3,845 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in CNH Industrial during the 4th quarter worth approximately $229,000. Institutional investors and hedge funds own 21.23% of the company’s stock.
A number of research firms recently commented on CNHI. Bank of America increased their price target on CNH Industrial from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Berenberg Bank started coverage on CNH Industrial in a research report on Wednesday, January 17th. They issued a “hold” rating and a $13.50 price objective on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $14.00 price objective (up from $13.40) on shares of CNH Industrial in a research report on Tuesday, February 20th. TheStreet lowered CNH Industrial from a “c” rating to a “d+” rating in a research report on Monday, February 12th. Finally, Zacks Investment Research lowered CNH Industrial from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. CNH Industrial presently has a consensus rating of “Buy” and a consensus price target of $14.95.
Shares of CNH Industrial stock opened at $12.44 on Wednesday. The firm has a market cap of $17.09 billion, a P/E ratio of 21.62 and a beta of 1.02. CNH Industrial has a 12 month low of $10.36 and a 12 month high of $15.65. The company has a debt-to-equity ratio of 6.02, a quick ratio of 3.88 and a current ratio of 5.05.
CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Friday, April 27th. The company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.06. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.40 billion. CNH Industrial had a return on equity of 18.25% and a net margin of 1.56%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. analysts expect that CNH Industrial will post 0.68 EPS for the current year.
CNH Industrial announced that its Board of Directors has approved a stock buyback program on Tuesday, January 30th that allows the company to buyback $700.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
About CNH Industrial
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
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