Vanguard Group Inc. raised its holdings in CNH Industrial NV (NYSE:CNHI) by 1.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,806,425 shares of the company’s stock after purchasing an additional 552,786 shares during the period. Vanguard Group Inc. owned approximately 2.20% of CNH Industrial worth $306,410,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in CNHI. Amundi Pioneer Asset Management Inc. increased its position in shares of CNH Industrial by 25.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 16,786,786 shares of the company’s stock worth $171,225,000 after purchasing an additional 3,408,301 shares during the period. Bank of Italy raised its stake in CNH Industrial by 19.5% in the second quarter. Bank of Italy now owns 9,049,841 shares of the company’s stock valued at $92,874,000 after purchasing an additional 1,477,931 shares in the last quarter. Clearbridge Investments LLC lifted its position in CNH Industrial by 42.8% during the first quarter. Clearbridge Investments LLC now owns 2,126,413 shares of the company’s stock worth $21,689,000 after purchasing an additional 637,624 shares during the period. Sandbar Asset Management LLP lifted its position in CNH Industrial by 153.6% during the second quarter. Sandbar Asset Management LLP now owns 901,355 shares of the company’s stock worth $9,266,000 after purchasing an additional 545,881 shares during the period. Finally, GAM Holding AG acquired a new stake in CNH Industrial during the first quarter worth about $4,695,000. Hedge funds and other institutional investors own 20.02% of the company’s stock.
Several research firms have commented on CNHI. Morgan Stanley raised shares of CNH Industrial from an “equal weight” rating to an “overweight” rating in a report on Monday, August 19th. Deutsche Bank raised shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a report on Tuesday, June 18th. ValuEngine lowered shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Stephens set a $10.00 price objective on shares of CNH Industrial and gave the company a “hold” rating in a research note on Thursday, August 29th. Finally, UBS Group boosted their price objective on shares of CNH Industrial from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.70.
CNH Industrial (NYSE:CNHI) last released its earnings results on Thursday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.80 billion. CNH Industrial had a return on equity of 22.56% and a net margin of 3.97%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. Sell-side analysts predict that CNH Industrial NV will post 0.85 EPS for the current fiscal year.
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.
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