67,500 Shares in CNH Industrial (NYSE:CNHI) Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. bought a new stake in CNH Industrial (NYSE:CNHI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 67,500 shares of the company’s stock, valued at approximately $822,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alta Advisers Ltd purchased a new position in CNH Industrial in the 3rd quarter valued at about $40,000. BKM Wealth Management LLC purchased a new position in shares of CNH Industrial during the 4th quarter worth about $49,000. Desjardins Global Asset Management Inc. purchased a new position in shares of CNH Industrial during the 4th quarter worth about $55,000. CWM LLC lifted its holdings in shares of CNH Industrial by 29.3% during the 3rd quarter. CWM LLC now owns 5,383 shares of the company’s stock worth $65,000 after acquiring an additional 1,220 shares during the period. Finally, Ridgewood Investments LLC purchased a new position in shares of CNH Industrial during the 4th quarter worth about $122,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CNHI shares. The Goldman Sachs Group upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday, January 17th. Truist Financial started coverage on shares of CNH Industrial in a report on Thursday, March 14th. They set a “buy” rating and a $18.00 price objective on the stock. Oppenheimer reiterated a “market perform” rating on shares of CNH Industrial in a report on Tuesday, April 16th. Evercore ISI increased their target price on shares of CNH Industrial from $11.50 to $13.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley assumed coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set an “equal weight” rating and a $12.70 target price for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.20.

CNH Industrial Stock Down 0.2 %

Shares of NYSE:CNHI opened at $11.38 on Friday. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. CNH Industrial has a 52-week low of $9.77 and a 52-week high of $15.74. The company has a 50 day moving average of $12.34 and a two-hundred day moving average of $11.74. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 6.50 and a beta of 1.65.

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

CNH Industrial Increases Dividend

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

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.