Toroso Investments LLC Has $3.09 Million Stake in CNH Industrial (NYSE:CNHI)

Toroso Investments LLC increased its position in CNH Industrial (NYSE:CNHIGet Rating) by 4.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 194,887 shares of the company’s stock after purchasing an additional 9,120 shares during the period. Toroso Investments LLC’s holdings in CNH Industrial were worth $3,091,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Curi Wealth Management LLC acquired a new position in CNH Industrial in the 1st quarter worth approximately $40,000. CI Investments Inc. acquired a new position in CNH Industrial in the 1st quarter worth approximately $116,000. Aaron Wealth Advisors LLC acquired a new position in CNH Industrial in the 1st quarter worth approximately $500,000. Capital Asset Advisory Services LLC acquired a new position in CNH Industrial in the 1st quarter worth approximately $173,000. Finally, HighTower Advisors LLC boosted its stake in CNH Industrial by 8.1% in the 4th quarter. HighTower Advisors LLC now owns 11,096 shares of the company’s stock worth $216,000 after purchasing an additional 832 shares during the period. Institutional investors and hedge funds own 37.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CNHI shares. UBS Group set a $18.00 price objective on shares of CNH Industrial in a research note on Monday, June 20th. Citigroup decreased their target price on shares of CNH Industrial from $19.00 to $13.00 in a research note on Thursday, July 7th. JPMorgan Chase & Co. decreased their target price on shares of CNH Industrial from $20.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of CNH Industrial from $16.00 to $17.00 in a research note on Monday, August 1st. Finally, Morgan Stanley decreased their target price on shares of CNH Industrial from $21.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, July 18th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.34.

CNH Industrial Stock Down 0.1 %

CNH Industrial stock opened at $12.19 on Friday. The company has a market capitalization of $16.53 billion, a P/E ratio of 11.08 and a beta of 1.69. The firm’s fifty day simple moving average is $12.22 and its 200-day simple moving average is $13.63. The company has a current ratio of 4.61, a quick ratio of 3.67 and a debt-to-equity ratio of 3.30. CNH Industrial has a 1-year low of $10.60 and a 1-year high of $19.69.

CNH Industrial (NYSE:CNHIGet Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.57 billion. CNH Industrial had a net margin of 5.42% and a return on equity of 28.58%. CNH Industrial’s revenue for the quarter was down 31.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Sell-side analysts forecast that CNH Industrial will post 1.37 earnings per share for the current fiscal year.

CNH Industrial Company Profile

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CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through five segments: Agriculture, Construction, Commercial and Specialty Vehicles, Powertrain, and Financial.

See Also

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Institutional Ownership by Quarter for CNH Industrial (NYSE:CNHI)

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