Cwm LLC Grows Stock Holdings in CNH Industrial (NYSE:CNHI)

Cwm LLC raised its holdings in shares of CNH Industrial (NYSE:CNHI) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,508 shares of the company’s stock after purchasing an additional 1,125 shares during the quarter. Cwm LLC’s holdings in CNH Industrial were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Harris Associates L P grew its position in 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. boosted its holdings in shares of CNH Industrial by 38.9% in the 3rd 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. LSV Asset Management increased its position in shares of 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 during the last quarter. Bank of New York Mellon Corp raised 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 buying an additional 164,166 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in CNH Industrial in the third quarter worth $45,390,000. 59.88% of the stock is currently owned by institutional investors.

CNH Industrial Trading Up 2.8 %

CNHI opened at $11.91 on Wednesday. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $15.74. The stock has a fifty day moving average price of $12.25 and a 200-day moving average price of $11.73. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 6.96 and a beta of 1.66. 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 Thursday, May 2nd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s revenue was down 9.8% on a year-over-year basis. As a group, equities research analysts anticipate that CNH Industrial will post 1.53 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

The company also recently declared 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 is a positive change from CNH Industrial’s previous annual dividend of $0.39. This represents a yield of 3.71%. The ex-dividend date is Friday, May 10th.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, January 17th. JPMorgan Chase & Co. cut their price target on shares of CNH Industrial from $14.50 to $14.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Robert W. Baird lifted their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. DA Davidson initiated coverage on shares of CNH Industrial in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price on the stock. Finally, Evercore ISI lifted their price target on shares of CNH Industrial from $11.50 to $13.00 and gave the company 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 given a buy rating to the company’s stock. According to MarketBeat, CNH Industrial presently has an average rating of “Hold” and a consensus target price 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.