Yousif Capital Management LLC Has $457,000 Stock Position in CNH Industrial (NYSE:CNHI)

Yousif Capital Management LLC raised its holdings in CNH Industrial (NYSE:CNHI) by 16.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,487 shares of the company’s stock after acquiring an additional 5,212 shares during the quarter. Yousif Capital Management LLC’s holdings in CNH Industrial were worth $457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNHI. Arizona State Retirement System bought a new stake in CNH Industrial in the 4th quarter valued at about $3,429,000. Daiwa Securities Group Inc. acquired a new stake in CNH Industrial in the fourth quarter valued at approximately $822,000. Jump Financial LLC increased its holdings in shares of CNH Industrial by 40.3% during the third quarter. Jump Financial LLC now owns 210,402 shares of the company’s stock valued at $2,546,000 after acquiring an additional 60,398 shares in the last quarter. Vanguard Group Inc. raised its position in shares of CNH Industrial by 38.9% during the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after purchasing an additional 14,348,475 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of CNH Industrial by 62.4% in the 4th quarter. Raymond James & Associates now owns 343,495 shares of the company’s stock worth $4,184,000 after purchasing an additional 131,965 shares in the last quarter. 59.88% of the stock is currently owned by institutional investors.

CNH Industrial Stock Performance

Shares of CNH Industrial stock opened at $11.59 on Tuesday. The business’s fifty day simple moving average is $12.25 and its 200 day simple moving average is $11.72. 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 12 month low of $9.77 and a 12 month high of $15.74. The firm has a market capitalization of $14.55 billion, a P/E ratio of 6.77 and a beta of 1.66.

CNH Industrial (NYSE:CNHI) last released its earnings results on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.46 billion. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. As a group, analysts anticipate that CNH Industrial will post 1.53 EPS for the current year.

CNH Industrial Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be paid a $0.47 dividend. This represents a 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.

Analyst Ratings Changes

A number of brokerages have commented on CNHI. Truist Financial decreased their price target on shares of CNH Industrial from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Monday. Evercore ISI boosted 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. Bank of America reaffirmed a “neutral” rating on shares of CNH Industrial in a research report on Monday, April 22nd. DA Davidson started coverage on CNH Industrial in a report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price objective for the company. Finally, Oppenheimer restated a “market perform” rating on shares of CNH Industrial in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, CNH Industrial currently has an average rating of “Hold” and a consensus price target of $15.20.

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.