CNH Industrial NV (CNHI) Stake Increased by AMP Capital Investors Ltd
AMP Capital Investors Ltd grew its stake in shares of CNH Industrial NV (NYSE:CNHI) by 21.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 424,309 shares of the company’s stock after acquiring an additional 75,902 shares during the quarter. AMP Capital Investors Ltd’s holdings in CNH Industrial were worth $5,097,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. TIAA CREF Investment Management LLC boosted its holdings in shares of CNH Industrial by 51.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock valued at $68,128,000 after acquiring an additional 2,040,505 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in shares of CNH Industrial during the 2nd quarter valued at about $2,022,000. PDT Partners LLC purchased a new stake in shares of CNH Industrial during the 2nd quarter valued at about $5,714,000. Prudential PLC boosted its holdings in shares of CNH Industrial by 7.8% during the 2nd quarter. Prudential PLC now owns 404,825 shares of the company’s stock valued at $4,607,000 after acquiring an additional 29,247 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CNH Industrial by 4.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 326,947 shares of the company’s stock valued at $3,705,000 after acquiring an additional 12,561 shares during the last quarter. 18.18% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the stock. BidaskClub cut shares of CNH Industrial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Barclays assumed coverage on shares of CNH Industrial in a research note on Tuesday. They issued an “overweight” rating and a $15.00 price objective on the stock. Citigroup upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $13.75 to $15.00 in a research note on Wednesday, November 29th. Deutsche Bank reiterated a “buy” rating and issued a $13.20 price objective (up previously from $12.80) on shares of CNH Industrial in a research note on Monday, October 9th. Finally, Evercore ISI upgraded shares of CNH Industrial from an “in-line” rating to an “outperform” rating in a research note on Monday, November 6th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.37.
CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. CNH Industrial had a net margin of 1.66% and a return on equity of 14.63%. The firm had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the prior year, the business earned $0.05 EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. research analysts expect that CNH Industrial NV will post 0.47 earnings per share for the current fiscal year.
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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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