CNH Industrial N.V. $CNH is QSM Asset Management Ltd’s 9th Largest Position

QSM Asset Management Ltd increased its position in CNH Industrial N.V. (NYSE:CNH) by 66.7% in the fourth quarter, HoldingsChannel reports. The firm owned 979,320 shares of the company’s stock after acquiring an additional 391,830 shares during the period. CNH Industrial accounts for about 5.2% of QSM Asset Management Ltd’s investment portfolio, making the stock its 9th biggest holding. QSM Asset Management Ltd’s holdings in CNH Industrial were worth $9,029,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in CNH Industrial during the 3rd quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of CNH Industrial in the third quarter valued at $29,000. Clearstead Advisors LLC boosted its position in shares of CNH Industrial by 132.7% in the third quarter. Clearstead Advisors LLC now owns 3,374 shares of the company’s stock worth $37,000 after buying an additional 1,924 shares during the period. Elevation Wealth Partners LLC purchased a new position in shares of CNH Industrial during the fourth quarter valued at $31,000. Finally, Advisory Services Network LLC purchased a new position in shares of CNH Industrial during the third quarter valued at $37,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH Industrial Stock Performance

Shares of NYSE CNH opened at $10.41 on Tuesday. The company has a debt-to-equity ratio of 3.44, a current ratio of 13.34 and a quick ratio of 11.36. CNH Industrial N.V. has a one year low of $9.00 and a one year high of $14.27. The business’s 50-day moving average price is $11.50 and its two-hundred day moving average price is $10.62. The company has a market capitalization of $12.91 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $4.91 billion. CNH Industrial had a return on equity of 8.90% and a net margin of 2.82%.The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. Analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

CNH Industrial Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a dividend of $0.10 per share. This represents a yield of 89.0%. The ex-dividend date of this dividend is Thursday, May 21st.

Analyst Ratings Changes

CNH has been the subject of several research analyst reports. Robert W. Baird increased their price objective on CNH Industrial from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. UBS Group lowered their target price on CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Barclays dropped their target price on CNH Industrial from $14.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. Oppenheimer raised their price target on shares of CNH Industrial from $13.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Finally, iA Financial set a $13.00 price objective on shares of CNH Industrial in a research report on Wednesday, January 14th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CNH Industrial has a consensus rating of “Hold” and a consensus price target of $13.23.

CNH Industrial Company 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.