CNH Industrial N.V. (NYSE:CNH) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp lifted its holdings in CNH Industrial N.V. (NYSE:CNH) by 29.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,241 shares of the company’s stock after purchasing an additional 1,416 shares during the quarter. Fifth Third Bancorp’s holdings in CNH Industrial were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Artisan Partners Limited Partnership acquired a new stake in CNH Industrial during the 4th quarter worth about $361,990,000. Vanguard Group Inc. acquired a new stake in CNH Industrial during the 4th quarter worth about $359,303,000. Charles Schwab Investment Management Inc. acquired a new stake in CNH Industrial during the 4th quarter worth about $233,474,000. Dimensional Fund Advisors LP acquired a new stake in CNH Industrial during the 4th quarter worth about $162,095,000. Finally, Marathon Asset Management Ltd acquired a new stake in CNH Industrial during the 4th quarter worth about $161,043,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

Insider Activity at CNH Industrial

In other CNH Industrial news, CTO Jay Schroeder sold 2,154 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $27,355.80. Following the completion of the sale, the chief technology officer now directly owns 32,762 shares in the company, valued at approximately $416,077.40. The trade was a 6.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Suzanne Heywood sold 11,053 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $140,373.10. Following the sale, the director now owns 566,905 shares of the company’s stock, valued at approximately $7,199,693.50. This trade represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,246 shares of company stock worth $511,732 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

CNH Industrial Stock Performance

Shares of CNH stock opened at $12.81 on Friday. The stock has a market cap of $16.00 billion, a PE ratio of 15.62 and a beta of 1.52. The business has a 50-day simple moving average of $12.47 and a 200-day simple moving average of $12.27. The company has a quick ratio of 11.18, a current ratio of 13.41 and a debt-to-equity ratio of 3.29. CNH Industrial N.V. has a 52-week low of $9.28 and a 52-week high of $13.87.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. The business’s quarterly revenue was down 20.5% on a year-over-year basis. On average, equities analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current year.

CNH Industrial Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were paid a $0.25 dividend. The ex-dividend date was Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH Industrial’s dividend payout ratio is presently 57.32%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CNH. Truist Financial lowered their price target on CNH Industrial from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley lowered their price target on CNH Industrial from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Wall Street Zen began coverage on CNH Industrial in a research report on Wednesday, April 30th. They set a “sell” rating for the company. Baird R W cut CNH Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Citigroup boosted their price objective on CNH Industrial from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.08.

About CNH Industrial

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.