First Trust Direct Indexing L.P. Lowers Stake in CNH Industrial (NYSE:CNHI)

First Trust Direct Indexing L.P. cut its position in CNH Industrial (NYSE:CNHI) by 43.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 19,906 shares of the company’s stock after selling 15,055 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in CNH Industrial were worth $242,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Mission Wealth Management LP raised its holdings in CNH Industrial by 11.4% in the fourth quarter. Mission Wealth Management LP now owns 37,536 shares of the company’s stock worth $457,000 after buying an additional 3,828 shares during the last quarter. Altrius Capital Management Inc purchased a new position in CNH Industrial in the fourth quarter worth about $7,098,000. Alaska Permanent Fund Corp purchased a new position in CNH Industrial in the fourth quarter worth about $453,000. Yousif Capital Management LLC raised its holdings in CNH Industrial by 16.1% in the fourth quarter. Yousif Capital Management LLC now owns 37,487 shares of the company’s stock worth $457,000 after buying an additional 5,212 shares during the last quarter. Finally, California Public Employees Retirement System purchased a new position in CNH Industrial in the fourth quarter worth about $21,031,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CNHI shares. DA Davidson started coverage on shares of CNH Industrial in a report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price objective for the company. Oppenheimer reissued a “market perform” rating on shares of CNH Industrial in a report on Tuesday, April 16th. Evercore ISI boosted their target price on shares of CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Robert W. Baird upped their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, Truist Financial dropped 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 report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, CNH Industrial has an average rating of “Hold” and an average price target of $15.20.

CNH Industrial Trading Up 2.8 %

Shares of CNHI opened at $11.91 on Wednesday. CNH Industrial has a twelve month low of $9.77 and a twelve month high of $15.74. The company has a market cap of $14.96 billion, a P/E 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. The company’s fifty day simple moving average is $12.25 and its 200-day simple moving average is $11.73.

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

CNH Industrial Increases Dividend

The company also recently declared 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 is a boost from CNH Industrial’s previous annual dividend of $0.39. This represents a dividend yield of 3.71%. The ex-dividend date of this dividend 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.