CNH Industrial NV (CNHI) Holdings Trimmed by Meag Munich Ergo Kapitalanlagegesellschaft MBH

Meag Munich Ergo Kapitalanlagegesellschaft MBH reduced its stake in shares of CNH Industrial NV (NASDAQ:CNHI) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 708,243 shares of the company’s stock after selling 149,659 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned about 0.05% of CNH Industrial NV worth $8,490,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CNHI. Ameriprise Financial Inc. lifted its position in shares of CNH Industrial NV by 1.6% in the 1st quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock worth $123,000 after buying an additional 199 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of CNH Industrial NV by 4.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after buying an additional 415 shares during the last quarter. Stifel Financial Corp lifted its position in shares of CNH Industrial NV by 0.9% in the 2nd quarter. Stifel Financial Corp now owns 81,966 shares of the company’s stock worth $933,000 after buying an additional 741 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in shares of CNH Industrial NV by 5.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 22,842 shares of the company’s stock worth $260,000 after buying an additional 1,176 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of CNH Industrial NV by 9.6% in the 2nd quarter. US Bancorp DE now owns 15,949 shares of the company’s stock worth $182,000 after buying an additional 1,395 shares during the last quarter.

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CNH Industrial NV (NASDAQ:CNHI) traded up $0.07 during trading on Monday, reaching $12.85. 897,500 shares of the company’s stock traded hands, compared to its average volume of 1,454,059. CNH Industrial NV has a 52-week low of $7.84 and a 52-week high of $13.37.

CNH Industrial NV (NASDAQ:CNHI) last released its earnings results on Tuesday, October 31st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The firm had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $5.03 billion. CNH Industrial NV had a net margin of 0.54% and a return on equity of 4.78%. CNH Industrial NV’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS.

Several analysts recently weighed in on the stock. BidaskClub downgraded shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Tuesday, October 10th. Deutsche Bank AG reiterated a “buy” rating and issued a $13.20 price objective (up from $12.80) on shares of CNH Industrial NV in a research report on Monday, October 9th. TheStreet upgraded shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 price objective on shares of CNH Industrial NV in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.51.

About CNH Industrial NV

CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.

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Institutional Ownership by Quarter for CNH Industrial NV (NASDAQ:CNHI)

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