CNH Industrial NV (NYSE:CNHI) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 8,849,800 shares, a decline of 6.2% from the May 30th total of 9,437,800 shares. Based on an average daily trading volume, of 1,940,000 shares, the days-to-cover ratio is currently 4.6 days. Currently, 0.9% of the shares of the stock are sold short.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Neuburgh Advisers LLC raised its position in CNH Industrial by 1,064.3% during the 4th quarter. Neuburgh Advisers LLC now owns 7,824 shares of the company’s stock valued at $70,000 after purchasing an additional 7,152 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in CNH Industrial during the 2nd quarter valued at approximately $126,000. BNP Paribas Arbitrage SA bought a new position in CNH Industrial during the 1st quarter valued at approximately $146,000. Oppenheimer Asset Management Inc. raised its position in CNH Industrial by 1,606.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 14,453 shares of the company’s stock valued at $147,000 after purchasing an additional 13,606 shares during the last quarter. Finally, Cornerstone Wealth Group LLC bought a new position in CNH Industrial during the 1st quarter valued at approximately $167,000. 21.02% of the stock is owned by institutional investors.
Shares of NYSE CNHI traded down $0.01 during midday trading on Monday, reaching $10.40. The company had a trading volume of 13,374 shares, compared to its average volume of 1,365,364. CNH Industrial has a one year low of $8.41 and a one year high of $12.68. The company has a debt-to-equity ratio of 4.42, a quick ratio of 4.03 and a current ratio of 5.33. The company’s fifty day simple moving average is $9.69. The company has a market cap of $14.09 billion, a PE ratio of 13.05 and a beta of 1.38.
CNH Industrial (NYSE:CNHI) last released its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. The company had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same quarter in the previous year, the company posted $0.14 EPS. CNH Industrial’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts anticipate that CNH Industrial will post 0.86 earnings per share for the current fiscal year.
Several research firms recently commented on CNHI. TheStreet cut YRC Worldwide from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 4,000 ($52.27) price target on shares of in a research note on Tuesday, June 18th. Zacks Investment Research lowered Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.50.
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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