CNH Industrial (NYSE:CNHI) Shares Sold by UBS Group AG

UBS Group AG lowered its stake in shares of CNH Industrial (NYSE:CNHI – Get Rating) by 44.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,062,467 shares of the company’s stock after selling 859,790 shares during the quarter. UBS Group AG owned approximately 0.08% of CNH Industrial worth $17,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in CNH Industrial by 2.7% during the third quarter. Vanguard Group Inc. now owns 35,221,420 shares of the company’s stock worth $393,423,000 after purchasing an additional 918,910 shares during the last quarter. Parnassus Investments LLC lifted its stake in CNH Industrial by 5.2% during the fourth quarter. Parnassus Investments LLC now owns 14,577,180 shares of the company’s stock worth $234,110,000 after purchasing an additional 722,652 shares during the last quarter. Wellington Management Group LLP lifted its stake in CNH Industrial by 379.1% during the first quarter. Wellington Management Group LLP now owns 9,451,209 shares of the company’s stock worth $151,374,000 after purchasing an additional 7,478,640 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in CNH Industrial by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 8,108,226 shares of the company’s stock worth $90,570,000 after purchasing an additional 38,098 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in CNH Industrial by 74.9% in the third quarter. Thrivent Financial for Lutherans now owns 6,433,803 shares of the company’s stock valued at $71,865,000 after buying an additional 2,754,854 shares during the last quarter. 38.37% of the stock is currently owned by institutional investors.

CNH Industrial Stock Down 0.1 %

CNHI opened at $14.00 on Friday. The business has a 50 day moving average price of $14.33 and a 200 day moving average price of $15.50. CNH Industrial has a twelve month low of $10.60 and a twelve month high of $17.98. The company has a debt-to-equity ratio of 3.18, a quick ratio of 5.84 and a current ratio of 7.28. The firm has a market cap of $18.76 billion, a P/E ratio of 8.81 and a beta of 1.63.

CNH Industrial (NYSE:CNHI – Get Rating) last issued its quarterly earnings results on Friday, May 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.39 billion. CNH Industrial had a return on equity of 30.95% and a net margin of 8.98%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. Research analysts forecast that CNH Industrial will post 1.75 EPS for the current year.

CNH Industrial Increases Dividend

The business also recently declared an annual dividend, which was paid on Saturday, April 22nd. Shareholders of record on Tuesday, April 25th were given a $0.3861 dividend. This represents a yield of 1.8%. This is a boost from CNH Industrial’s previous annual dividend of $0.31. The ex-dividend date was Monday, April 24th.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CNHI shares. Berenberg Bank assumed coverage on shares of CNH Industrial in a research note on Friday, January 27th. They set a “buy” rating and a $31.00 price objective on the stock. StockNews.com raised CNH Industrial from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley dropped their price target on CNH Industrial from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, April 20th. Oppenheimer dropped their price target on CNH Industrial from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Finally, Robert W. Baird lifted their price target on CNH Industrial from $17.00 to $21.00 in a research note on Thursday, February 2nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.43.

About CNH Industrial

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CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.