Mirae Asset Global Investments Co. Ltd. Decreases Stock Holdings in CNH Industrial N.V. (NYSE:CNH)

Mirae Asset Global Investments Co. Ltd. decreased its position in CNH Industrial N.V. (NYSE:CNH) by 9.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,275 shares of the company’s stock after selling 1,514 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CNH Industrial were worth $174,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Mission Wealth Management LP increased its position in shares of CNH Industrial by 3.0% in the first quarter. Mission Wealth Management LP now owns 36,842 shares of the company’s stock valued at $452,000 after acquiring an additional 1,056 shares during the period. Fifth Third Bancorp boosted its stake in shares of CNH Industrial by 29.3% during the 1st quarter. Fifth Third Bancorp now owns 6,241 shares of the company’s stock valued at $77,000 after purchasing an additional 1,416 shares in the last quarter. Balefire LLC boosted its stake in shares of CNH Industrial by 10.9% during the 1st quarter. Balefire LLC now owns 22,134 shares of the company’s stock valued at $272,000 after purchasing an additional 2,182 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of CNH Industrial during the 4th quarter valued at about $25,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of CNH Industrial during the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Down 1.9%

Shares of NYSE:CNH opened at $13.50 on Monday. The stock has a fifty day simple moving average of $12.81 and a two-hundred day simple moving average of $12.35. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 16.46 and a beta of 1.50. CNH Industrial N.V. has a 12-month low of $9.28 and a 12-month high of $13.87. The company has a current ratio of 13.41, a quick ratio of 11.18 and a debt-to-equity ratio of 3.29.

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

Insider Activity

In other CNH Industrial news, Director Suzanne Heywood sold 11,053 shares of CNH Industrial stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $140,373.10. Following the completion of the transaction, the director directly owned 566,905 shares of the company’s stock, valued at approximately $7,199,693.50. The trade was a 1.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jay Schroeder sold 2,154 shares of CNH Industrial stock in a transaction dated 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 transaction, the chief technology officer directly owned 32,762 shares of the company’s stock, valued at $416,077.40. This trade represents a 6.17% 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 valued at $511,732 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CNH. Citigroup lifted their target price on shares of CNH Industrial from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Northland Securities raised shares of CNH Industrial from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research note on Friday, April 11th. Oppenheimer cut their target price on shares of CNH Industrial from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. UBS Group lifted their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Finally, Wall Street Zen assumed coverage on shares of CNH Industrial in a research note on Wednesday, April 30th. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.08.

CNH Industrial Company Profile

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.