Signaturefd LLC Boosts Holdings in CNH Industrial (NYSE:CNHI)

Signaturefd LLC grew its holdings in CNH Industrial (NYSE:CNHI) by 10.5% in the 4th quarter, HoldingsChannel reports. The firm owned 19,158 shares of the company’s stock after purchasing an additional 1,820 shares during the quarter. Signaturefd LLC’s holdings in CNH Industrial were worth $233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CNHI. CWM LLC boosted its stake in shares of CNH Industrial by 29.3% in the third quarter. CWM LLC now owns 5,383 shares of the company’s stock valued at $65,000 after purchasing an additional 1,220 shares during the period. SG Americas Securities LLC boosted its stake in shares of CNH Industrial by 193.0% in the third quarter. SG Americas Securities LLC now owns 43,584 shares of the company’s stock valued at $527,000 after purchasing an additional 28,709 shares during the period. Ellsworth Advisors LLC purchased a new position in shares of CNH Industrial in the third quarter valued at approximately $647,000. Commonwealth Equity Services LLC purchased a new position in CNH Industrial in the third quarter worth approximately $255,000. Finally, Sweet Financial Partners LLC purchased a new position in CNH Industrial in the third quarter worth approximately $242,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Bank of America reiterated a “neutral” rating on shares of CNH Industrial in a research note on Monday, April 22nd. StockNews.com downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Oppenheimer reiterated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, April 16th. Truist Financial assumed coverage on shares of CNH Industrial in a research note on Thursday, March 14th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Evercore ISI lifted their price target on shares of CNH Industrial from $11.50 to $13.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.20.

CNH Industrial Stock Up 0.3 %

Shares of NYSE:CNHI opened at $11.41 on Friday. The firm has a 50 day simple moving average of $12.31 and a 200-day simple moving average of $11.73. The company has a market capitalization of $14.33 billion, a PE ratio of 6.52 and a beta of 1.65. CNH Industrial has a twelve month low of $9.77 and a twelve month high of $15.74. 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 (NYSE:CNHI) last announced its earnings results on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $6.79 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $0.36 EPS. On average, equities analysts predict that CNH Industrial will post 1.56 EPS 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 issued 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 is Friday, May 10th.

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.