Comerica Bank lifted its stake in shares of CNH Industrial (NYSE:CNHI – Get Rating) by 11.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,639 shares of the company's stock after acquiring an additional 2,300 shares during the quarter. Comerica Bank's holdings in CNH Industrial were worth $283,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of CNH Industrial by 1.8% during the first quarter. Vanguard Group Inc. now owns 33,478,435 shares of the company's stock valued at $530,969,000 after acquiring an additional 577,993 shares during the period. Parnassus Investments LLC increased its stake in shares of CNH Industrial by 19.6% during the second quarter. Parnassus Investments LLC now owns 12,684,751 shares of the company's stock valued at $147,016,000 after acquiring an additional 2,076,903 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of CNH Industrial by 7.6% during the second quarter. Artisan Partners Limited Partnership now owns 9,908,878 shares of the company's stock valued at $114,844,000 after acquiring an additional 699,193 shares during the period. Wellington Management Group LLP increased its stake in shares of CNH Industrial by 379.1% during the first quarter. Wellington Management Group LLP now owns 9,451,209 shares of the company's stock valued at $151,374,000 after acquiring an additional 7,478,640 shares during the period. Finally, Pendal Group Ltd grew its position in CNH Industrial by 4.1% in the second quarter. Pendal Group Ltd now owns 9,450,204 shares of the company's stock worth $109,528,000 after buying an additional 371,447 shares during the last quarter. Institutional investors and hedge funds own 38.37% of the company's stock.
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Analyst Upgrades and Downgrades
CNHI has been the topic of several recent research reports. William Blair restated a "market perform" rating on shares of CNH Industrial in a research report on Tuesday, November 8th. Berenberg Bank initiated coverage on shares of CNH Industrial in a research report on Friday. They issued a "buy" rating and a $31.00 price target on the stock. Credit Suisse Group initiated coverage on shares of CNH Industrial in a research report on Tuesday, December 20th. They issued an "outperform" rating and a $21.00 price target on the stock. JPMorgan Chase & Co. lowered shares of CNH Industrial from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $16.00 to $17.00 in a research report on Thursday, January 12th. They noted that the move was a valuation call. Finally, StockNews.com upgraded shares of CNH Industrial from a "hold" rating to a "buy" rating in a research report on Friday, November 18th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.18.
CNH Industrial Trading Up 0.3 %
Shares of NYSE:CNHI opened at $17.63 on Tuesday. The firm has a fifty day moving average of $16.45 and a two-hundred day moving average of $13.93. The firm has a market capitalization of $23.70 billion, a P/E ratio of 13.88 and a beta of 1.66. CNH Industrial has a 12-month low of $10.60 and a 12-month high of $17.75. The company has a quick ratio of 5.35, a current ratio of 6.70 and a debt-to-equity ratio of 3.29.
CNH Industrial (NYSE:CNHI – Get Rating) last issued its earnings results on Tuesday, November 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.09. The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.33 billion. CNH Industrial had a net margin of 6.77% and a return on equity of 29.47%. On average, equities analysts expect that CNH Industrial will post 1.47 EPS for the current fiscal year.
CNH Industrial Company Profile
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CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.
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