Havemeyer Place LP acquired a new position in shares of CNH Industrial N.V. (NYSE:CNH – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 52,394 shares of the company’s stock, valued at approximately $483,000.
Several other institutional investors have also modified their holdings of the stock. Measured Wealth Private Client Group LLC acquired a new position in shares of CNH Industrial in the 3rd quarter valued at $29,000. Clearstead Advisors LLC grew its position in shares of CNH Industrial by 132.7% in the 3rd quarter. Clearstead Advisors LLC now owns 3,374 shares of the company’s stock valued at $37,000 after buying an additional 1,924 shares during the last quarter. Elevation Wealth Partners LLC acquired a new stake in CNH Industrial during the 4th quarter worth $31,000. Advisory Services Network LLC purchased a new stake in CNH Industrial in the third quarter valued at $37,000. Finally, Rothschild Investment LLC lifted its position in CNH Industrial by 1,734.2% in the fourth quarter. Rothschild Investment LLC now owns 3,485 shares of the company’s stock valued at $32,000 after acquiring an additional 3,295 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.
CNH Industrial Trading Up 0.6%
NYSE CNH opened at $10.74 on Wednesday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 10.17 and a current ratio of 12.27. The firm has a market cap of $13.32 billion, a PE ratio of 34.65, a P/E/G ratio of 1.46 and a beta of 1.16. CNH Industrial N.V. has a one year low of $9.00 and a one year high of $14.27. The firm’s fifty day moving average is $10.66 and its two-hundred day moving average is $10.67.
CNH Industrial Cuts Dividend
The business also recently disclosed an annual dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a dividend of $0.10 per share. This represents a yield of 98.0%. The ex-dividend date of this dividend was Thursday, May 21st. CNH Industrial’s dividend payout ratio (DPR) is presently 32.26%.
Insiders Place Their Bets
In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of CNH Industrial stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $10.13, for a total value of $490,140.05. Following the transaction, the insider directly owned 71,926 shares in the company, valued at approximately $728,610.38. This trade represents a 40.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.18% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on CNH shares. Wall Street Zen raised CNH Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Robert W. Baird boosted their target price on CNH Industrial from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Truist Financial set a $16.00 target price on CNH Industrial in a research report on Friday, May 1st. Evercore set a $12.25 price target on CNH Industrial in a research report on Monday, May 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of CNH Industrial in a research note on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.77.
Get Our Latest Stock Report on CNH Industrial
About CNH Industrial
CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.
The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.
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