CNH Industrial (NYSE:CNHI) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its stake in shares of CNH Industrial (NYSE:CNHI) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,191,072 shares of the company’s stock after selling 86,634 shares during the quarter. Russell Investments Group Ltd.’s holdings in CNH Industrial were worth $14,513,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNHI. Harris Associates L P increased its position in shares of CNH Industrial by 9.2% in the third 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 in the last quarter. Vanguard Group Inc. grew its holdings in CNH Industrial by 38.9% during the 3rd quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock valued at $620,450,000 after purchasing an additional 14,348,475 shares in the last quarter. LSV Asset Management grew its holdings in CNH Industrial by 4,988.3% during the 3rd quarter. LSV Asset Management now owns 10,090,140 shares of the company’s stock valued at $122,091,000 after purchasing an additional 9,891,840 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in CNH Industrial by 2.7% during 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in CNH Industrial during the 3rd quarter valued at $45,390,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Stock Performance

Shares of CNHI opened at $11.49 on Friday. The firm’s 50 day moving average is $12.26 and its 200-day moving average is $11.72. The stock has a market capitalization of $14.43 billion, a P/E ratio of 6.56 and a beta of 1.66. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. CNH Industrial has a 12-month low of $9.77 and a 12-month high of $15.74.

CNH Industrial (NYSE:CNHI) last announced its earnings results on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period last year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. Equities research analysts anticipate that CNH Industrial will post 1.56 EPS for the current fiscal year.

CNH Industrial Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Shareholders 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.

Wall Street Analyst Weigh In

CNHI has been the topic of a number of research analyst reports. Oppenheimer reiterated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, April 16th. DA Davidson initiated coverage on shares of CNH Industrial in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price objective on the stock. StockNews.com downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Bank of America restated a “neutral” rating on shares of CNH Industrial in a research report on Monday, April 22nd. Finally, Truist Financial started coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They issued a “buy” rating and a $18.00 price target on the stock. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.27.

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.