New York State Common Retirement Fund Sells 201,132 Shares of CNH Industrial (NYSE:CNHI)

New York State Common Retirement Fund reduced its stake in CNH Industrial (NYSE:CNHI) by 21.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 718,239 shares of the company’s stock after selling 201,132 shares during the quarter. New York State Common Retirement Fund’s holdings in CNH Industrial were worth $8,748,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CNHI. Alta Advisers Ltd acquired a new stake in shares of CNH Industrial during the third quarter worth $40,000. BKM Wealth Management LLC bought a new position in CNH Industrial during the fourth quarter worth about $49,000. Desjardins Global Asset Management Inc. acquired a new stake in CNH Industrial in the 4th quarter worth about $55,000. CWM LLC boosted its holdings in CNH Industrial by 29.3% in the 3rd 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. Finally, Lindbrook Capital LLC boosted its holdings in CNH Industrial by 27.5% in the 4th quarter. Lindbrook Capital LLC now owns 6,188 shares of the company’s stock valued at $75,000 after purchasing an additional 1,334 shares during the period. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNHI has been the subject of a number of analyst reports. Robert W. Baird lifted their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. DA Davidson assumed coverage on CNH Industrial in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 target price for the company. Morgan Stanley initiated coverage on CNH Industrial in a research report on Monday, January 8th. They issued an “equal weight” rating and a $12.70 price target on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, April 16th. Finally, 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 research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.20.

CNH Industrial Stock Up 3.2 %

Shares of NYSE CNHI opened at $11.69 on Friday. The stock has a 50-day moving average price of $12.27 and a two-hundred day moving average price of $11.72. CNH Industrial has a 12 month low of $9.77 and a 12 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. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 6.68 and a beta of 1.66.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) 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 prior year, the company earned $0.36 EPS. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. 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 company also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be issued a dividend of $0.47 per share. This is an increase from CNH Industrial’s previous annual dividend of $0.39. The ex-dividend date is Friday, May 10th. This represents a dividend yield of 3.71%.

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.