ExodusPoint Capital Management LP Has $2.16 Million Stake in CNH Industrial (NYSE:CNHI)

ExodusPoint Capital Management LP decreased its stake in shares of CNH Industrial (NYSE:CNHI) by 93.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,507 shares of the company’s stock after selling 2,012,924 shares during the quarter. ExodusPoint Capital Management LP’s holdings in CNH Industrial were worth $2,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors grew its position in shares of CNH Industrial by 437.9% during the 2nd quarter. Captrust Financial Advisors now owns 3,292 shares of the company’s stock worth $38,000 after buying an additional 2,680 shares during the period. Compagnie Lombard Odier SCmA bought a new position in shares of CNH Industrial in the 4th quarter worth $46,000. Ameritas Advisory Services LLC bought a new position in shares of CNH Industrial in the 1st quarter worth $50,000. Quadrant Capital Group LLC lifted its holdings in shares of CNH Industrial by 20.2% in the 4th quarter. Quadrant Capital Group LLC now owns 6,590 shares of the company’s stock worth $106,000 after purchasing an additional 1,107 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of CNH Industrial in the 4th quarter worth $109,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

CNH Industrial Trading Down 0.3 %

Shares of CNH Industrial stock opened at $13.78 on Friday. CNH Industrial has a 52-week low of $10.89 and a 52-week high of $17.98. The stock’s 50-day simple moving average is $14.22 and its 200 day simple moving average is $14.50. The stock has a market capitalization of $18.38 billion, a P/E ratio of 8.06 and a beta of 1.62. The company has a debt-to-equity ratio of 3.28, a quick ratio of 5.99 and a current ratio of 7.47.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings data on Friday, July 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. CNH Industrial had a return on equity of 31.51% and a net margin of 9.44%. The business had revenue of $6.57 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the previous year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that CNH Industrial will post 1.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup cut their target price on CNH Industrial from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, July 18th. StockNews.com started coverage on CNH Industrial in a report on Saturday, August 19th. They issued a “hold” rating on the stock. Finally, Oppenheimer cut their price objective on shares of CNH Industrial from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Monday, July 31st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.38.

CNH Industrial Company Profile

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.