Mirae Asset Global Investments Co. Ltd. Invests $381,000 in CNH Industrial (NYSE:CNHI)

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of CNH Industrial (NYSE:CNHI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,243 shares of the company’s stock, valued at approximately $381,000.

Several other institutional investors have also modified their holdings of the company. CWM LLC grew its position in shares of CNH Industrial by 29.3% during the third 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 last quarter. Public Sector Pension Investment Board grew its position in shares of CNH Industrial by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company’s stock worth $4,458,000 after acquiring an additional 1,223 shares during the last quarter. Signaturefd LLC grew its position in shares of CNH Industrial by 8.7% during the third quarter. Signaturefd LLC now owns 17,338 shares of the company’s stock worth $210,000 after acquiring an additional 1,382 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of CNH Industrial by 0.4% during the third quarter. State Board of Administration of Florida Retirement System now owns 386,920 shares of the company’s stock worth $4,682,000 after acquiring an additional 1,470 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its position in CNH Industrial by 4.7% in the 3rd quarter. Banque Cantonale Vaudoise now owns 35,880 shares of the company’s stock valued at $438,000 after buying an additional 1,624 shares in the last quarter. Institutional investors own 59.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America reissued a “neutral” rating on shares of CNH Industrial in a research report on Monday, April 22nd. The Goldman Sachs Group raised shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, January 17th. Evercore ISI boosted their price objective on shares of CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. DA Davidson assumed coverage on shares of CNH Industrial in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price objective on the stock. Finally, Truist Financial assumed coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They set a “buy” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.20.

CNH Industrial Price Performance

Shares of CNH Industrial stock opened at $11.40 on Friday. The firm has a fifty day simple moving average of $12.32 and a 200-day simple moving average of $11.74. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. CNH Industrial has a 1-year low of $9.77 and a 1-year high of $15.74. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 6.51 and a beta of 1.65.

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

CNH Industrial Increases Dividend

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

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.