Alaska Permanent Fund Corp Invests $453,000 in CNH Industrial (NYSE:CNHI)

Alaska Permanent Fund Corp acquired a new position in shares of CNH Industrial (NYSE:CNHI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 37,182 shares of the company’s stock, valued at approximately $453,000.

Several other large investors have also modified their holdings of CNHI. Vanguard Group Inc. increased its position in CNH Industrial by 38.9% during the 3rd quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after purchasing an additional 14,348,475 shares in the last quarter. Harris Associates L P lifted its holdings in shares of CNH Industrial by 9.2% during the 3rd quarter. Harris Associates L P now owns 123,079,130 shares of the company’s stock valued at $1,501,638,000 after acquiring an additional 10,322,578 shares in the last quarter. LSV Asset Management boosted its position in CNH Industrial by 4,988.3% during the 3rd quarter. LSV Asset Management now owns 10,090,140 shares of the company’s stock worth $122,091,000 after purchasing an additional 9,891,840 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in CNH Industrial in the 3rd quarter valued at $45,390,000. Finally, abrdn plc acquired a new stake in CNH Industrial in the 4th quarter valued at $45,232,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CNHI. DA Davidson began coverage on CNH Industrial in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price for the company. Evercore ISI lifted their price objective on shares of CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Robert W. Baird upped their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Morgan Stanley began coverage on shares of CNH Industrial in a report on Monday, January 8th. They set an “equal weight” rating and a $12.70 price target for the company. Finally, Bank of America reaffirmed a “neutral” rating on shares of CNH Industrial in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.20.

CNH Industrial Price Performance

Shares of CNHI stock opened at $11.40 on Friday. The firm has a market cap of $14.32 billion, a P/E ratio of 6.51 and a beta of 1.65. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. CNH Industrial has a 1-year low of $9.77 and a 1-year high of $15.74. The firm has a fifty day moving average of $12.31 and a two-hundred day moving average of $11.73.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. As a group, research analysts anticipate that CNH Industrial will post 1.56 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be paid a $0.47 dividend. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. This represents a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, May 10th.

CNH Industrial Profile

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.