CNH Industrial N.V. $CNH Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its position in CNH Industrial N.V. (NYSE:CNH) by 187.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 341,881 shares of the company’s stock after purchasing an additional 223,073 shares during the period. Lazard Asset Management LLC’s holdings in CNH Industrial were worth $3,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CNH. Measured Wealth Private Client Group LLC purchased a new stake in shares of CNH Industrial during the 3rd quarter worth $29,000. Rothschild Investment LLC increased its holdings in CNH Industrial by 1,734.2% in the fourth quarter. Rothschild Investment LLC now owns 3,485 shares of the company’s stock valued at $32,000 after buying an additional 3,295 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in CNH Industrial in the fourth quarter valued at $34,000. Advisory Services Network LLC acquired a new stake in CNH Industrial in the third quarter valued at $37,000. Finally, Clearstead Advisors LLC lifted its holdings in CNH Industrial by 52.5% during the 4th quarter. Clearstead Advisors LLC now owns 5,145 shares of the company’s stock worth $47,000 after buying an additional 1,771 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNH has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, July 13th. Truist Financial set a $16.00 target price on CNH Industrial in a research report on Friday, May 1st. DA Davidson restated a “neutral” rating and set a $12.00 target price on shares of CNH Industrial in a research note on Monday, May 4th. Weiss Ratings raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Sanford C. Bernstein initiated coverage on shares of CNH Industrial in a research note on Thursday, May 7th. They issued a “market perform” rating and a $11.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.77.

Insider Buying and Selling at CNH Industrial

In related news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $10.13, for a total value of $490,140.05. Following the completion of the sale, the insider directly owned 71,926 shares of the company’s stock, valued at $728,610.38. This represents a 40.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.18% of the company’s stock.

CNH Industrial Stock Performance

NYSE CNH opened at $10.28 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 12.27 and a quick ratio of 10.17. CNH Industrial N.V. has a 1 year low of $9.00 and a 1 year high of $13.31. The company has a market capitalization of $12.74 billion, a PE ratio of 33.15, a P/E/G ratio of 1.97 and a beta of 1.14. The company has a fifty day moving average of $10.60 and a two-hundred day moving average of $10.95.

CNH Industrial (NYSE:CNH) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. CNH Industrial had a return on equity of 7.48% and a net margin of 2.13%.The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the company posted $0.10 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, analysts expect that CNH Industrial N.V. will post 0.41 earnings per share for the current year.

CNH Industrial Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.