CNH Industrial N.V. $CNH Shares Sold by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC decreased its position in CNH Industrial N.V. (NYSE:CNH) by 69.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 64,550 shares of the company’s stock after selling 149,540 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in CNH Industrial were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNH. Quent Capital LLC purchased a new stake in shares of CNH Industrial during the third quarter worth about $27,000. Transamerica Financial Advisors LLC boosted its position in CNH Industrial by 923.2% during the second quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock worth $47,000 after acquiring an additional 3,296 shares during the last quarter. Advantage Trust Co purchased a new stake in CNH Industrial in the 2nd quarter worth approximately $54,000. Headlands Technologies LLC acquired a new position in CNH Industrial in the 2nd quarter valued at $61,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in CNH Industrial in the 3rd quarter valued at $68,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Cfra reaffirmed a “hold” rating and issued a $11.00 price objective on shares of CNH Industrial in a research report on Monday, November 10th. Truist Financial set a $12.00 price target on CNH Industrial in a report on Wednesday, January 14th. Barclays cut their price objective on shares of CNH Industrial from $14.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of CNH Industrial in a report on Monday, December 29th. Finally, UBS Group dropped their price target on shares of CNH Industrial from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, CNH Industrial has a consensus rating of “Hold” and a consensus price target of $12.97.

Insider Buying and Selling

In related news, Director Howard W. Buffett bought 4,100 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $10.29 per share, with a total value of $42,189.00. Following the completion of the transaction, the director directly owned 33,403 shares of the company’s stock, valued at approximately $343,716.87. This represents a 13.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vagn O. Sorensen bought 10,385 shares of the stock in a transaction dated Tuesday, November 11th. The stock was bought at an average price of $9.62 per share, with a total value of $99,903.70. Following the purchase, the director owned 40,396 shares of the company’s stock, valued at approximately $388,609.52. This represents a 34.60% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 73,007 shares of company stock valued at $700,182. Company insiders own 1.00% of the company’s stock.

CNH Industrial Trading Up 3.9%

NYSE CNH opened at $12.40 on Friday. CNH Industrial N.V. has a one year low of $9.00 and a one year high of $14.27. The company’s 50 day moving average price is $10.15 and its 200 day moving average price is $10.79. The company has a debt-to-equity ratio of 3.49, a quick ratio of 10.82 and a current ratio of 13.01. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 26.38 and a beta of 1.29.

CNH Industrial (NYSE:CNH) last released its quarterly earnings data on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). CNH Industrial had a return on equity of 8.32% and a net margin of 3.35%.The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. CNH Industrial’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, sell-side analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current year.

About CNH Industrial

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.