Russell Investments Group Ltd. decreased its position in shares of CNH Industrial N.V. (NYSE:CNHI) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,460,335 shares of the company’s stock after selling 946,294 shares during the quarter. Russell Investments Group Ltd. owned 0.92% of CNH Industrial N.V. worth $149,638,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in CNHI. DekaBank Deutsche Girozentrale raised its position in shares of CNH Industrial N.V. by 8.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 697,884 shares of the company’s stock worth $8,070,000 after purchasing an additional 54,796 shares during the last quarter. Gabelli Funds LLC raised its position in shares of CNH Industrial N.V. by 0.4% during the 3rd quarter. Gabelli Funds LLC now owns 5,205,336 shares of the company’s stock worth $62,516,000 after purchasing an additional 22,500 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of CNH Industrial N.V. by 7.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 10,098,387 shares of the company’s stock worth $121,282,000 after purchasing an additional 698,600 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of CNH Industrial N.V. during the 3rd quarter worth approximately $126,000. Finally, Victory Capital Management Inc. acquired a new position in shares of CNH Industrial N.V. during the 3rd quarter worth approximately $202,000. 19.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of CNH Industrial N.V. (NYSE CNHI) traded up $0.05 on Wednesday, reaching $12.91. The company’s stock had a trading volume of 1,745,200 shares, compared to its average volume of 1,454,286. The company has a debt-to-equity ratio of 5.73, a current ratio of 5.42 and a quick ratio of 4.18. The firm has a market cap of $17,536.89, a P/E ratio of 26.79 and a beta of 0.86. CNH Industrial N.V. has a 52 week low of $7.85 and a 52 week high of $13.37.
CNH Industrial N.V. (NYSE:CNHI) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The company had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $5.03 billion. CNH Industrial N.V. had a return on equity of 14.63% and a net margin of 1.66%. CNH Industrial N.V.’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 EPS. research analysts anticipate that CNH Industrial N.V. will post 0.47 earnings per share for the current year.
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Several research analysts recently issued reports on the company. TheStreet upgraded CNH Industrial N.V. from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. BidaskClub downgraded CNH Industrial N.V. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded CNH Industrial N.V. from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Stifel Nicolaus restated a “hold” rating and set a $12.00 price objective on shares of CNH Industrial N.V. in a research report on Friday, July 28th. Finally, Deutsche Bank AG restated a “hold” rating and set a $12.81 price objective (up from $10.87) on shares of CNH Industrial N.V. in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $11.51.
CNH Industrial N.V. Company Profile
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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