Altrius Capital Management Inc Buys New Holdings in CNH Industrial (NYSE:CNHI)

Altrius Capital Management Inc acquired a new stake in CNH Industrial (NYSE:CNHI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 582,726 shares of the company’s stock, valued at approximately $7,098,000. CNH Industrial makes up approximately 2.0% of Altrius Capital Management Inc’s investment portfolio, making the stock its 9th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its stake in shares of CNH Industrial by 20.9% in the fourth quarter. CWM LLC now owns 6,508 shares of the company’s stock valued at $79,000 after purchasing an additional 1,125 shares during the period. Public Sector Pension Investment Board raised its position in shares of CNH Industrial by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company’s stock valued at $4,458,000 after purchasing an additional 1,223 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of CNH Industrial by 27.5% during the 4th quarter. Lindbrook Capital LLC now owns 6,188 shares of the company’s stock valued at $75,000 after buying an additional 1,334 shares during the last quarter. Signaturefd LLC grew its position in shares of CNH Industrial by 8.7% during the third quarter. Signaturefd LLC now owns 17,338 shares of the company’s stock worth $210,000 after buying an additional 1,382 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of CNH Industrial by 0.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 386,920 shares of the company’s stock worth $4,682,000 after buying an additional 1,470 shares during the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CNHI. Bank of America reissued a “neutral” rating on shares of CNH Industrial in a report on Monday, April 22nd. Robert W. Baird boosted 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. Truist Financial began coverage on shares of CNH Industrial in a research note on Thursday, March 14th. They set a “buy” rating and a $18.00 price objective on the stock. The Goldman Sachs Group upgraded CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, January 17th. Finally, DA Davidson assumed coverage on CNH Industrial in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.20.

CNH Industrial Price Performance

NYSE CNHI traded up $0.32 on Monday, reaching $11.73. 11,197,321 shares of the stock traded hands, compared to its average volume of 12,097,891. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $15.74. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 6.52 and a beta of 1.65. The firm’s fifty day simple moving average is $12.31 and its 200 day simple moving average is $11.73. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34.

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

CNH Industrial Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be issued a $0.47 dividend. This is an increase from CNH Industrial’s previous annual dividend of $0.39. This represents a dividend yield of 3.71%. The ex-dividend date is Friday, May 10th.

CNH Industrial Company 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.