Gamco Investors INC. ET AL Grows Stake in CNH Industrial NV (CNHI)

Gamco Investors INC. ET AL lifted its position in shares of CNH Industrial NV (NYSE:CNHI) by 10.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,750,556 shares of the company’s stock after buying an additional 1,227,783 shares during the quarter. CNH Industrial makes up about 1.0% of Gamco Investors INC. ET AL’s holdings, making the stock its 15th largest position. Gamco Investors INC. ET AL owned about 0.94% of CNH Industrial worth $153,134,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of CNH Industrial by 24.8% during the 2nd 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. Greenleaf Trust increased its position in CNH Industrial by 34.6% during the 3rd quarter. Greenleaf Trust now owns 19,290 shares of the company’s stock worth $232,000 after purchasing an additional 4,962 shares in the last quarter. First Trust Advisors LP increased its position in CNH Industrial by 31.9% during the 2nd quarter. First Trust Advisors LP now owns 23,426 shares of the company’s stock worth $247,000 after purchasing an additional 5,671 shares in the last quarter. HPM Partners LLC increased its position in CNH Industrial by 72.1% during the 2nd quarter. HPM Partners LLC now owns 17,955 shares of the company’s stock worth $189,000 after purchasing an additional 7,520 shares in the last quarter. Finally, GAM Holding AG increased its position in CNH Industrial by 0.9% during the 2nd quarter. GAM Holding AG now owns 894,275 shares of the company’s stock worth $9,417,000 after purchasing an additional 8,261 shares in the last quarter. 18.92% of the stock is owned by institutional investors and hedge funds.

CNHI opened at $10.81 on Monday. The company has a debt-to-equity ratio of 5.32, a current ratio of 5.06 and a quick ratio of 3.92. The stock has a market capitalization of $14.73 billion, a price-to-earnings ratio of 22.52 and a beta of 1.22. CNH Industrial NV has a 12 month low of $9.67 and a 12 month high of $15.65.

A number of research firms recently commented on CNHI. ValuEngine upgraded CNH Industrial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 25th. Stifel Nicolaus dropped their price objective on CNH Industrial from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Monday, July 30th. Seaport Global Securities reiterated a “buy” rating and set a $15.00 price objective on shares of CNH Industrial in a research report on Monday, July 23rd. Bank of America dropped their price objective on CNH Industrial from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, July 30th. Finally, Zacks Investment Research cut CNH Industrial from a “hold” rating to a “strong sell” rating in a research report on Monday, July 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.70.

CNH Industrial Company Profile

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.

See Also: Index Funds

Institutional Ownership by Quarter for CNH Industrial (NYSE:CNHI)

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