Hennessy Advisors Inc. reduced its stake in CNH Industrial NV (NYSE:CNHI) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 255,700 shares of the company’s stock after selling 8,300 shares during the quarter. Hennessy Advisors Inc.’s holdings in CNH Industrial were worth $3,071,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of CNH Industrial by 24.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,294 shares of the company’s stock worth $248,000 after buying an additional 4,623 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of CNH Industrial by 31.9% during the second quarter. First Trust Advisors LP now owns 23,426 shares of the company’s stock worth $247,000 after buying an additional 5,671 shares during the last quarter. HPM Partners LLC lifted its holdings in shares of CNH Industrial by 72.1% during the second quarter. HPM Partners LLC now owns 17,955 shares of the company’s stock worth $189,000 after buying an additional 7,520 shares during the last quarter. GAM Holding AG lifted its holdings in shares of CNH Industrial by 0.9% during the second quarter. GAM Holding AG now owns 894,275 shares of the company’s stock worth $9,417,000 after buying an additional 8,261 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of CNH Industrial by 13.6% during the second quarter. Crossmark Global Holdings Inc. now owns 74,820 shares of the company’s stock worth $788,000 after buying an additional 8,960 shares during the last quarter. Hedge funds and other institutional investors own 18.89% of the company’s stock.
A number of brokerages have recently commented on CNHI. ValuEngine upgraded CNH Industrial from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 25th. Stifel Nicolaus cut their price target on CNH Industrial from $14.00 to $13.00 and set a “hold” rating for the company in a report on Monday, July 30th. Seaport Global Securities reiterated a “buy” rating and set a $15.00 price target on shares of CNH Industrial in a report on Monday, July 23rd. Zacks Investment Research lowered CNH Industrial from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Finally, Bank of America lowered their price objective on CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, July 30th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $28.85.
CNHI opened at $11.15 on Friday. The company has a market cap of $16.37 billion, a PE ratio of 23.23 and a beta of 1.06. The company has a current ratio of 5.06, a quick ratio of 3.92 and a debt-to-equity ratio of 5.32. CNH Industrial NV has a 1 year low of $10.09 and a 1 year high of $15.65.
CNH Industrial (NYSE:CNHI) last released its quarterly earnings data on Thursday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. The business had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.50 billion. CNH Industrial had a return on equity of 20.95% and a net margin of 2.03%. CNH Industrial’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share. As a group, research analysts predict that CNH Industrial NV will post 0.73 earnings per share for the current year.
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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