59,900 Shares of CNH Industrial N.V. $CNH Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in CNH Industrial N.V. (NYSE:CNH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,900 shares of the company’s stock, valued at approximately $770,000.

A number of other hedge funds also recently made changes to their positions in the business. Parcion Private Wealth LLC increased its stake in shares of CNH Industrial by 137.8% during the third quarter. Parcion Private Wealth LLC now owns 40,747 shares of the company’s stock valued at $524,000 after acquiring an additional 23,609 shares during the period. Soltis Investment Advisors LLC bought a new stake in shares of CNH Industrial in the 3rd quarter worth $253,000. Choreo LLC lifted its holdings in shares of CNH Industrial by 8.6% in the third quarter. Choreo LLC now owns 74,955 shares of the company’s stock valued at $963,000 after buying an additional 5,965 shares during the period. VestGen Advisors LLC bought a new position in CNH Industrial during the third quarter valued at about $277,000. Finally, SYM FINANCIAL Corp bought a new position in shares of CNH Industrial during the 3rd quarter valued at about $204,000. Institutional investors own 59.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Evercore upgraded shares of CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Wednesday, September 2nd. Weiss Ratings upgraded CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. BMO Capital Markets raised their target price on shares of CNH Industrial from $11.00 to $12.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. DA Davidson reiterated a “neutral” rating and set a $12.00 price objective on shares of CNH Industrial in a research report on Wednesday, August 19th. Finally, Robert W. Baird upgraded CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 target price for the company in a report on Monday, August 31st. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.39.

CNH Industrial Stock Performance

CNH stock opened at $11.26 on Friday. The company has a market capitalization of $13.94 billion, a price-to-earnings ratio of 45.05 and a beta of 1.23. The firm has a 50 day moving average of $12.55 and a two-hundred day moving average of $11.35. The company has a quick ratio of 10.16, a current ratio of 12.23 and a debt-to-equity ratio of 3.33. CNH Industrial N.V. has a 12 month low of $9.00 and a 12 month high of $14.46.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.77 billion. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share. As a group, equities analysts anticipate that CNH Industrial N.V. will post 0.45 EPS for the current fiscal year.

CNH Industrial Profile

CNH Industrial N.V. (NYSE: CNH) is a global equipment, technology and services company focused primarily on agriculture and construction. The company develops, manufactures and distributes machinery and solutions used by farmers, contractors and other customers in industries that support food production, infrastructure and land management.

Its agriculture portfolio includes tractors, combines, harvesting equipment, hay and forage machinery, planting and seeding systems, crop protection equipment and precision-agriculture technologies.