Zurcher Kantonalbank Zurich Cantonalbank Buys 9,190 Shares of CNH Industrial (NYSE:CNHI)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CNH Industrial (NYSE:CNHI) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 515,969 shares of the company’s stock after acquiring an additional 9,190 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CNH Industrial were worth $6,315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Manhattan CO. LLC. bought a new position in shares of CNH Industrial in the first quarter valued at $38,000. Captrust Financial Advisors lifted its stake in shares of CNH Industrial by 437.9% in the second quarter. Captrust Financial Advisors now owns 3,292 shares of the company’s stock valued at $38,000 after buying an additional 2,680 shares in the last quarter. Alta Advisers Ltd bought a new position in shares of CNH Industrial in the third quarter valued at $40,000. BKM Wealth Management LLC bought a new position in shares of CNH Industrial in the fourth quarter valued at $49,000. Finally, Desjardins Global Asset Management Inc. bought a new position in shares of CNH Industrial in the fourth quarter valued at $55,000. 59.88% of the stock is owned by institutional investors.

CNH Industrial Stock Performance

NYSE CNHI opened at $12.31 on Friday. CNH Industrial has a 52-week low of $9.77 and a 52-week high of $15.74. The company has a 50-day simple moving average of $12.39 and a 200 day simple moving average of $11.74. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32. The company has a market capitalization of $15.46 billion, a PE ratio of 7.03 and a beta of 1.65.

CNH Industrial (NYSE:CNHI) last issued its earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. On average, research analysts predict that CNH Industrial will post 1.56 EPS for the current year.

CNH Industrial Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be given a dividend of $0.47 per share. This represents a yield of 3.71%. The ex-dividend date is Friday, May 10th. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. CNH Industrial’s dividend payout ratio (DPR) is currently 26.86%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNHI. Robert W. Baird raised their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Evercore ISI increased their target price on shares of CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. Truist Financial assumed coverage on shares of CNH Industrial in a report on Thursday, March 14th. They issued a “buy” rating and a $18.00 target price for the company. Morgan Stanley assumed coverage on shares of CNH Industrial in a report on Monday, January 8th. They issued an “equal weight” rating and a $12.70 target price for the company. Finally, DA Davidson assumed coverage on shares of CNH Industrial in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.20.

CNH Industrial 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.