CNH Industrial N.V. $CNH Shares Acquired by BTC Capital Management Inc.

BTC Capital Management Inc. lifted its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 58.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,047 shares of the company’s stock after purchasing an additional 97,031 shares during the period. BTC Capital Management Inc.’s holdings in CNH Industrial were worth $2,842,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Artisan Partners Limited Partnership lifted its holdings in shares of CNH Industrial by 1.8% in the second quarter. Artisan Partners Limited Partnership now owns 32,950,999 shares of the company’s stock valued at $427,045,000 after purchasing an additional 575,650 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of CNH Industrial by 7.6% during the second quarter. Alliancebernstein L.P. now owns 19,603,523 shares of the company’s stock worth $254,062,000 after acquiring an additional 1,382,861 shares in the last quarter. Geode Capital Management LLC grew its stake in CNH Industrial by 0.8% in the second quarter. Geode Capital Management LLC now owns 15,406,302 shares of the company’s stock valued at $199,047,000 after purchasing an additional 119,918 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of CNH Industrial by 8.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 8,217,192 shares of the company’s stock valued at $89,157,000 after buying an additional 672,238 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in CNH Industrial by 1.5% in the second quarter. Gamco Investors INC. ET AL now owns 8,007,587 shares of the company’s stock worth $103,778,000 after buying an additional 120,427 shares during the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Stock Up 0.6%

Shares of CNH stock opened at $12.76 on Friday. The firm’s fifty day moving average price is $10.47 and its two-hundred day moving average price is $10.77. CNH Industrial N.V. has a 1 year low of $9.00 and a 1 year high of $14.27. The company has a current ratio of 13.01, a quick ratio of 10.82 and a debt-to-equity ratio of 3.49. The firm has a market capitalization of $15.91 billion, a P/E ratio of 27.16 and a beta of 1.29.

Analysts Set New Price Targets

CNH has been the topic of several recent analyst reports. Cfra reiterated a “hold” rating and issued a $11.00 target price on shares of CNH Industrial in a report on Monday, November 10th. JPMorgan Chase & Co. lowered shares of CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 price target on the stock. in a report on Friday, November 28th. Citigroup increased their price target on shares of CNH Industrial from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CNH Industrial in a report on Monday, December 29th. Finally, Truist Financial set a $12.00 target price on shares of CNH Industrial in a research note on Wednesday, January 14th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.97.

Insider Buying and Selling

In other CNH Industrial news, Director Suzanne Heywood purchased 52,522 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $9.52 per share, with a total value of $500,009.44. Following the completion of the transaction, the director owned 619,427 shares in the company, valued at $5,896,945.04. The trade was a 9.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

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.