HBK Investments L P boosted its position in shares of CNH Industrial NV (NYSE:CNHI) by 178.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,200 shares of the company’s stock after acquiring an additional 174,986 shares during the quarter. HBK Investments L P’s holdings in CNH Industrial were worth $3,661,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in shares of CNH Industrial by 34.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock valued at $203,000 after purchasing an additional 3,845 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of CNH Industrial by 24.9% in the fourth quarter. Victory Capital Management Inc. now owns 20,998 shares of the company’s stock valued at $281,000 after purchasing an additional 4,186 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of CNH Industrial by 5.7% in the third quarter. Stifel Financial Corp now owns 86,660 shares of the company’s stock valued at $1,042,000 after purchasing an additional 4,694 shares during the last quarter. AMP Capital Investors Ltd increased its holdings in shares of CNH Industrial by 1.9% in the fourth quarter. AMP Capital Investors Ltd now owns 432,181 shares of the company’s stock valued at $5,797,000 after purchasing an additional 7,872 shares during the last quarter. Finally, Eagle Global Advisors LLC increased its holdings in shares of CNH Industrial by 16.0% in the fourth quarter. Eagle Global Advisors LLC now owns 58,000 shares of the company’s stock valued at $777,000 after purchasing an additional 8,000 shares during the last quarter. 21.24% of the stock is currently owned by hedge funds and other institutional investors.
CNH Industrial NV (CNHI) opened at $13.52 on Friday. The company has a debt-to-equity ratio of 5.89, a current ratio of 5.42 and a quick ratio of 4.38. CNH Industrial NV has a one year low of $9.36 and a one year high of $15.65. The company has a market cap of $18,562.83, a PE ratio of 61.45 and a beta of 0.98.
CNH Industrial (NYSE:CNHI) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. CNH Industrial had a net margin of 1.08% and a return on equity of 14.58%. The business had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same period in the prior year, the company posted $0.14 earnings per share. CNH Industrial’s revenue was up 15.8% compared to the same quarter last year. research analysts anticipate that CNH Industrial NV will post 0.68 EPS for the current fiscal year.
CNH Industrial declared that its board has approved a stock buyback plan on Tuesday, January 30th that allows the company to repurchase $700.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Several equities analysts have commented on CNHI shares. Citigroup upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.75 to $15.00 in a report on Wednesday, November 29th. ValuEngine downgraded shares of CNH Industrial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Barclays started coverage on shares of CNH Industrial in a report on Tuesday, December 12th. They issued an “overweight” rating and a $15.00 price objective on the stock. Seaport Global Securities reiterated a “buy” rating and issued a $16.00 price objective on shares of CNH Industrial in a report on Wednesday, January 3rd. Finally, Deutsche Bank upgraded shares of CNH Industrial from a “hold” rating to a “buy” rating and upped their price objective for the company from $12.81 to $16.00 in a report on Thursday, January 4th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $14.77.
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CNH Industrial 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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