Jaffetilchin Investment Partners LLC Sells 9,744 Shares of CNH Industrial N.V. (NYSE:CNH)

Jaffetilchin Investment Partners LLC reduced its stake in CNH Industrial N.V. (NYSE:CNH) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,810 shares of the company’s stock after selling 9,744 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in CNH Industrial were worth $1,226,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Mission Wealth Management LP raised its holdings in CNH Industrial by 3.0% in the 1st quarter. Mission Wealth Management LP now owns 36,842 shares of the company’s stock worth $452,000 after purchasing an additional 1,056 shares during the period. Fifth Third Bancorp raised its holdings in CNH Industrial by 29.3% in the 1st quarter. Fifth Third Bancorp now owns 6,241 shares of the company’s stock worth $77,000 after purchasing an additional 1,416 shares during the period. Balefire LLC raised its holdings in CNH Industrial by 10.9% in the 1st quarter. Balefire LLC now owns 22,134 shares of the company’s stock worth $272,000 after purchasing an additional 2,182 shares during the period. Colonial Trust Co SC bought a new position in CNH Industrial in the 4th quarter worth $25,000. Finally, EverSource Wealth Advisors LLC bought a new position in CNH Industrial in the 4th quarter worth $25,000. 59.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CNH has been the topic of a number of recent analyst reports. Oppenheimer decreased their price target on CNH Industrial from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Northland Securities raised CNH Industrial from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a report on Friday, April 11th. Northland Capmk raised CNH Industrial from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. Wall Street Zen initiated coverage on CNH Industrial in a report on Wednesday, April 30th. They set a “sell” rating on the stock. Finally, UBS Group raised their price target on CNH Industrial from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.08.

Insider Buying and Selling

In other news, CTO Jay Schroeder sold 2,154 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $27,355.80. Following the transaction, the chief technology officer now owns 32,762 shares of the company’s stock, valued at approximately $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Suzanne Heywood sold 11,053 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $140,373.10. Following the transaction, the director now directly owns 566,905 shares in the company, valued at approximately $7,199,693.50. This represents a 1.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,246 shares of company stock worth $511,732. Corporate insiders own 1.00% of the company’s stock.

CNH Industrial Trading Up 0.9%

CNH opened at $13.02 on Friday. The firm has a market cap of $16.26 billion, a P/E ratio of 15.87 and a beta of 1.52. CNH Industrial N.V. has a 12 month low of $9.28 and a 12 month high of $13.87. The company has a current ratio of 13.41, a quick ratio of 11.18 and a debt-to-equity ratio of 3.29. The stock has a 50-day moving average of $12.61 and a 200 day moving average of $12.29.

CNH Industrial (NYSE:CNH) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The company’s quarterly revenue was down 20.5% on a year-over-year basis. As a group, research analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current year.

About CNH Industrial

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.