Oppenheimer Asset Management Inc. Purchases New Position in CNH Industrial NV (CNHI)
Oppenheimer Asset Management Inc. purchased a new stake in CNH Industrial NV (NYSE:CNHI) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 10,225 shares of the company’s stock, valued at approximately $123,000.
A number of other institutional investors also recently modified their holdings of CNHI. HPM Partners LLC lifted its stake in CNH Industrial by 72.1% in the 2nd quarter. HPM Partners LLC now owns 17,955 shares of the company’s stock worth $189,000 after purchasing an additional 7,520 shares in the last quarter. First Trust Advisors LP lifted its stake in CNH Industrial by 31.9% in the 2nd quarter. First Trust Advisors LP now owns 23,426 shares of the company’s stock worth $247,000 after purchasing an additional 5,671 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in CNH Industrial by 24.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,294 shares of the company’s stock worth $248,000 after purchasing an additional 4,623 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in CNH Industrial in the 2nd quarter worth approximately $315,000. Finally, Advisors Asset Management Inc. lifted its stake in CNH Industrial by 18.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 64,455 shares of the company’s stock worth $679,000 after purchasing an additional 9,832 shares in the last quarter. 18.92% of the stock is currently owned by hedge funds and other institutional investors.
CNHI has been the topic of a number of research reports. Zacks Investment Research lowered shares of CNH Industrial from a “hold” rating to a “strong sell” rating in a research note on Monday, July 16th. Seaport Global Securities reissued a “buy” rating and issued a $15.00 target price on shares of CNH Industrial in a research note on Monday, July 23rd. ValuEngine raised shares of CNH Industrial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 25th. Stifel Nicolaus decreased their target price on shares of CNH Industrial from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Monday, July 30th. Finally, Bank of America decreased their target price on shares of CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, July 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. CNH Industrial has a consensus rating of “Hold” and a consensus target price of $28.70.
CNH Industrial (NYSE:CNHI) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The business had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $7.04 billion. CNH Industrial had a net margin of 2.59% and a return on equity of 22.86%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS. On average, sell-side analysts expect that CNH Industrial NV will post 0.71 EPS for the current fiscal year.
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CNH Industrial Profile
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
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