CNH Industrial N.V. $CNH Shares Bought by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP boosted its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 28.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,441,530 shares of the company’s stock after buying an additional 546,628 shares during the period. CNH Industrial makes up 1.4% of Trinity Street Asset Management LLP’s holdings, making the stock its 19th largest position. Trinity Street Asset Management LLP owned approximately 0.20% of CNH Industrial worth $22,511,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CNH. Quent Capital LLC acquired a new position in CNH Industrial during the 3rd quarter valued at about $27,000. Measured Wealth Private Client Group LLC acquired a new position in CNH Industrial during the 3rd quarter valued at about $29,000. Elevation Wealth Partners LLC acquired a new position in CNH Industrial during the 4th quarter valued at about $31,000. Clearstead Advisors LLC increased its holdings 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 valued at $37,000 after purchasing an additional 1,924 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of CNH Industrial in the third quarter valued at about $37,000. 59.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNH has been the subject of a number of analyst reports. Weiss Ratings raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Barclays upped their price target on CNH Industrial from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, April 1st. iA Financial set a $13.00 price objective on CNH Industrial in a research note on Wednesday, January 14th. DA Davidson lifted their price target on CNH Industrial from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Finally, Truist Financial set a $12.00 price target on CNH Industrial in a report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, CNH Industrial has a consensus rating of “Hold” and a consensus price target of $13.30.

CNH Industrial Stock Up 6.9%

Shares of NYSE CNH opened at $11.44 on Thursday. The company has a market capitalization of $14.19 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 1.59 and a beta of 1.26. The company has a debt-to-equity ratio of 3.44, a current ratio of 13.34 and a quick ratio of 11.36. The business has a 50-day moving average of $11.51 and a two-hundred day moving average of $10.62. CNH Industrial N.V. has a 1 year low of $9.00 and a 1 year high of $14.27.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.19 earnings per share (EPS) 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%.CNH Industrial’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. On average, analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

CNH Industrial Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a $0.10 dividend. This represents a dividend yield of 89.0%. The ex-dividend date of this dividend is Thursday, May 21st.

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.