Brown Advisory Inc. Boosts Stake in CNH Industrial N.V. (NYSE:CNH)

Brown Advisory Inc. lifted its holdings in CNH Industrial N.V. (NYSE:CNH) by 15.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,501 shares of the company’s stock after buying an additional 2,061 shares during the period. Brown Advisory Inc.’s holdings in CNH Industrial were worth $190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Franklin Resources Inc. lifted its stake in shares of CNH Industrial by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company’s stock worth $655,624,000 after buying an additional 664,191 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of CNH Industrial in the fourth quarter worth about $361,990,000. Vanguard Group Inc. purchased a new position in shares of CNH Industrial in the fourth quarter worth about $359,303,000. Dimensional Fund Advisors LP purchased a new position in shares of CNH Industrial in the fourth quarter worth about $162,095,000. Finally, Millennium Management LLC purchased a new position in shares of CNH Industrial in the fourth quarter worth about $136,517,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CNH Industrial

In related news, Director Suzanne Heywood sold 11,053 shares of the company’s stock in a transaction on 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 sale, the director owned 566,905 shares in the company, valued at $7,199,693.50. This represents a 1.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kelly Manley sold 3,575 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $45,402.50. Following the completion of the sale, the insider owned 161,473 shares of the company’s stock, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,246 shares of company stock worth $511,732 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Oppenheimer raised their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday. Morgan Stanley reduced their target price on shares of CNH Industrial from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Evercore ISI lifted their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an “in-line” rating in a research note on Monday, May 19th. Northland Capmk raised shares of CNH Industrial from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 11th. Finally, Wall Street Zen initiated coverage on shares of CNH Industrial in a research note on Wednesday, April 30th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, CNH Industrial presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.88.

CNH Industrial Price Performance

CNH Industrial stock opened at $12.90 on Thursday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 11.18 and a current ratio of 13.41. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 15.74 and a beta of 1.50. The company’s 50 day simple moving average is $13.03 and its 200-day simple moving average is $12.47. CNH Industrial N.V. has a 1 year low of $9.28 and a 1 year high of $14.27.

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

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.