CNH Industrial Target of Unusually High Options Trading (NYSE:CNHI)

CNH Industrial (NYSE:CNHI) was the target of unusually large options trading on Tuesday. Investors bought 3,113 put options on the company. This is an increase of 173% compared to the typical daily volume of 1,142 put options.

CNH Industrial Price Performance

Shares of NYSE CNHI traded down $0.29 during mid-day trading on Tuesday, reaching $11.44. The company’s stock had a trading volume of 4,754,935 shares, compared to its average volume of 12,005,610. 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 52 week low of $9.77 and a 52 week high of $15.74. The stock has a fifty day moving average of $12.30 and a two-hundred day moving average of $11.73. The firm has a market capitalization of $14.37 billion, a PE ratio of 6.71 and a beta of 1.65.

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

CNH Industrial Increases Dividend

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

Institutional Trading of CNH Industrial

Several hedge funds have recently bought and sold shares of the stock. SRS Capital Advisors Inc. purchased a new position in shares of CNH Industrial during the fourth quarter valued at about $25,000. Salem Investment Counselors Inc. bought a new position in CNH Industrial during the first quarter valued at approximately $26,000. Alta Advisers Ltd purchased a new position in CNH Industrial during the 3rd quarter valued at approximately $40,000. Hartford Financial Management Inc. increased its stake in CNH Industrial by 210.0% in the 1st quarter. Hartford Financial Management Inc. now owns 3,100 shares of the company’s stock worth $40,000 after acquiring an additional 2,100 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of CNH Industrial by 6,664.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,585 shares of the company’s stock worth $44,000 after acquiring an additional 3,532 shares in the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley initiated coverage on shares of CNH Industrial in a report on Monday, January 8th. They set an “equal weight” rating and a $12.70 target price for the company. Robert W. Baird boosted their target price on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Evercore ISI upped their target price on CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. Bank of America reiterated a “neutral” rating on shares of CNH Industrial in a report on Monday, April 22nd. Finally, The Goldman Sachs Group upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued 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 price target of $15.20.

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.