ETRADE Capital Management LLC bought a new position in shares of CNH Industrial (NYSE:CNHI) in the 1st quarter, Holdings Channel reports. The fund bought 17,752 shares of the company’s stock, valued at approximately $220,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its stake in CNH Industrial by 93.2% during the 4th quarter. Franklin Resources Inc. now owns 35,031,154 shares of the company’s stock worth $469,479,000 after purchasing an additional 16,900,395 shares in the last quarter. AXA boosted its position in shares of CNH Industrial by 4.9% during the 4th quarter. AXA now owns 16,568,118 shares of the company’s stock worth $222,013,000 after acquiring an additional 766,516 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of CNH Industrial by 5.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 10,694,912 shares of the company’s stock worth $143,312,000 after acquiring an additional 596,525 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of CNH Industrial during the 4th quarter worth about $135,437,000. Finally, TIAA CREF Investment Management LLC boosted its position in shares of CNH Industrial by 53.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 9,196,954 shares of the company’s stock worth $123,239,000 after acquiring an additional 3,210,306 shares in the last quarter. 19.29% of the stock is owned by hedge funds and other institutional investors.
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CNH Industrial opened at $12.62 on Thursday, Marketbeat Ratings reports. CNH Industrial has a fifty-two week low of $10.78 and a fifty-two week high of $15.65. The company has a quick ratio of 3.88, a current ratio of 5.05 and a debt-to-equity ratio of 6.02. The stock has a market capitalization of $17.47 billion, a PE ratio of 26.29 and a beta of 1.02.
CNH Industrial (NYSE:CNHI) last posted its earnings results on Friday, April 27th. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.06. CNH Industrial had a return on equity of 18.25% and a net margin of 1.56%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the previous year, the business earned $0.04 EPS. The business’s quarterly revenue was up 17.1% on a year-over-year basis. equities research analysts expect that CNH Industrial will post 0.7 EPS for the current year.
CNH Industrial announced that its board has authorized a stock buyback plan on Tuesday, January 30th that permits the company to repurchase $700.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
CNHI has been the subject of several analyst reports. Bank of America upped their price objective on CNH Industrial from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Zacks Investment Research cut CNH Industrial from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. TheStreet cut CNH Industrial from a “c” rating to a “d+” rating in a research report on Monday, February 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 price objective (up from $13.40) on shares of CNH Industrial in a research report on Tuesday, February 20th. Finally, Morgan Stanley initiated coverage on CNH Industrial in a research report on Friday, March 2nd. They set an “equal weight” rating and a $15.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $14.95.
CNH Industrial 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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