CNH Industrial (NYSE:CNHI) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its stake in CNH Industrial (NYSE:CNHI) by 23.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,708 shares of the company’s stock after selling 6,127 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in CNH Industrial were worth $240,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CNHI. Harris Associates L P increased its stake in shares of CNH Industrial by 9.2% in the 3rd quarter. Harris Associates L P now owns 123,079,130 shares of the company’s stock worth $1,501,638,000 after acquiring an additional 10,322,578 shares during the last quarter. Vanguard Group Inc. increased its position in CNH Industrial by 38.9% during the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after purchasing an additional 14,348,475 shares during the last quarter. LSV Asset Management raised its stake in CNH Industrial by 4,988.3% during the third quarter. LSV Asset Management now owns 10,090,140 shares of the company’s stock worth $122,091,000 after purchasing an additional 9,891,840 shares during the period. Bank of New York Mellon Corp boosted its holdings in CNH Industrial by 2.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,188,035 shares of the company’s stock valued at $74,875,000 after purchasing an additional 164,166 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of CNH Industrial in the 3rd quarter valued at approximately $45,390,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial Trading Up 0.7 %

NYSE:CNHI opened at $11.59 on Wednesday. CNH Industrial has a 12-month low of $9.77 and a 12-month high of $15.74. The firm has a market cap of $14.55 billion, a PE ratio of 6.62 and a beta of 1.65. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. The stock has a fifty day moving average price of $12.37 and a 200 day moving average price of $11.74.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The business had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.50 billion. During the same quarter last year, the business posted $0.36 EPS. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. Sell-side analysts anticipate that CNH Industrial will post 1.56 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be given a $0.47 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from CNH Industrial’s previous annual dividend of $0.39. This represents a dividend yield of 3.71%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CNHI. Morgan Stanley initiated coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set an “equal weight” rating and a $12.70 price target on the stock. StockNews.com downgraded CNH Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. The Goldman Sachs Group upgraded CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, January 17th. Bank of America restated a “neutral” rating on shares of CNH Industrial in a report on Monday. Finally, Truist Financial initiated coverage on shares of CNH Industrial in a research note on Thursday, March 14th. They set a “buy” rating and a $18.00 target price for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.20.

About CNH Industrial

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.