Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of CNH Industrial NV (NYSE:CNHI) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,026,276 shares of the company’s stock after purchasing an additional 20,259 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.08% of CNH Industrial worth $12,379,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its position in CNH Industrial by 51.7% in the second quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock worth $68,128,000 after acquiring an additional 2,040,505 shares in the last quarter. CIBC World Markets Inc. purchased a new position in CNH Industrial in the second quarter worth $2,022,000. PDT Partners LLC purchased a new position in CNH Industrial in the second quarter worth $5,714,000. Prudential PLC raised its position in CNH Industrial by 7.8% in the second quarter. Prudential PLC now owns 404,825 shares of the company’s stock worth $4,607,000 after acquiring an additional 29,247 shares in the last quarter. Finally, Trexquant Investment LP raised its position in CNH Industrial by 44.6% in the second quarter. Trexquant Investment LP now owns 41,700 shares of the company’s stock worth $475,000 after acquiring an additional 12,866 shares in the last quarter. Institutional investors and hedge funds own 18.18% of the company’s stock.
Shares of CNH Industrial NV (NYSE:CNHI) opened at $12.98 on Friday. The company has a debt-to-equity ratio of 5.73, a quick ratio of 4.18 and a current ratio of 5.42. The company has a market capitalization of $17,755.07, a price-to-earnings ratio of 27.13 and a beta of 0.86. CNH Industrial NV has a 52 week low of $8.40 and a 52 week high of $13.37.
CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $5.03 billion. CNH Industrial had a return on equity of 14.63% and a net margin of 1.66%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. research analysts expect that CNH Industrial NV will post 0.47 EPS for the current year.
A number of brokerages have recently weighed in on CNHI. BidaskClub cut CNH Industrial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Citigroup upgraded CNH Industrial from a “neutral” rating to a “buy” rating and raised their price target for the company from $13.75 to $15.00 in a research report on Wednesday, November 29th. Deutsche Bank restated a “buy” rating and issued a $13.20 price target (up previously from $12.80) on shares of CNH Industrial in a research report on Monday, October 9th. Evercore ISI upgraded CNH Industrial from an “in-line” rating to an “outperform” rating in a research report on Monday, November 6th. Finally, ValuEngine cut CNH Industrial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.51.
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About CNH Industrial
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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