Vanguard Group Inc. Buys 2,164,105 Shares of CNH Industrial NV (CNHI)
Vanguard Group Inc. boosted its stake in shares of CNH Industrial NV (NASDAQ:CNHI) by 9.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,176,853 shares of the company’s stock after acquiring an additional 2,164,105 shares during the quarter. Vanguard Group Inc. owned 1.77% of CNH Industrial NV worth $275,133,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its holdings in CNH Industrial NV by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock valued at $123,000 after purchasing an additional 199 shares during the period. Comerica Bank grew its holdings in CNH Industrial NV by 1.3% in the first quarter. Comerica Bank now owns 76,225 shares of the company’s stock valued at $820,000 after purchasing an additional 986 shares during the period. Wetherby Asset Management Inc. grew its holdings in CNH Industrial NV by 5.4% in the second quarter. Wetherby Asset Management Inc. now owns 22,842 shares of the company’s stock valued at $260,000 after purchasing an additional 1,176 shares during the period. First Trust Advisors LP grew its holdings in CNH Industrial NV by 8.4% in the first quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock valued at $166,000 after purchasing an additional 1,329 shares during the period. Finally, US Bancorp DE grew its holdings in CNH Industrial NV by 9.6% in the second quarter. US Bancorp DE now owns 15,949 shares of the company’s stock valued at $182,000 after purchasing an additional 1,395 shares during the period.
Several analysts have commented on CNHI shares. BidaskClub raised CNH Industrial NV from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Seaport Global Securities raised CNH Industrial NV from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.00 to $14.00 in a report on Thursday, July 13th. Deutsche Bank AG reissued a “hold” rating and issued a $10.00 price objective on shares of CNH Industrial NV in a report on Tuesday, July 4th. Zacks Investment Research raised CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, July 5th. Finally, Bank of America Corporation raised CNH Industrial NV from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. CNH Industrial NV presently has a consensus rating of “Hold” and an average price target of $11.31.
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Shares of CNH Industrial NV (NASDAQ CNHI) opened at 11.99 on Thursday. The firm has a 50-day moving average price of $11.65 and a 200 day moving average price of $11.20. CNH Industrial NV has a one year low of $7.09 and a one year high of $12.27. The firm has a market capitalization of $16.36 billion and a price-to-earnings ratio of 38.68.
CNH Industrial NV (NASDAQ:CNHI) last issued its earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $7.07 billion. CNH Industrial NV had a return on equity of 21.59% and a net margin of 3.17%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. Equities analysts forecast that CNH Industrial NV will post $0.45 earnings per share for the current fiscal year.
CNH Industrial NV 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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