CNH Industrial N.V. (NYSE:CNH) Shares Acquired by M&T Bank Corp

M&T Bank Corp increased its stake in CNH Industrial N.V. (NYSE:CNH) by 36.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,985 shares of the company’s stock after purchasing an additional 10,072 shares during the quarter. M&T Bank Corp’s holdings in CNH Industrial were worth $466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mission Wealth Management LP raised its position in CNH Industrial by 3.0% in the first quarter. Mission Wealth Management LP now owns 36,842 shares of the company’s stock worth $452,000 after acquiring an additional 1,056 shares in the last quarter. Fifth Third Bancorp raised its position in CNH Industrial by 29.3% in the first quarter. Fifth Third Bancorp now owns 6,241 shares of the company’s stock worth $77,000 after acquiring an additional 1,416 shares in the last quarter. Brown Advisory Inc. raised its holdings in CNH Industrial by 15.3% during the 1st quarter. Brown Advisory Inc. now owns 15,501 shares of the company’s stock worth $190,000 after buying an additional 2,061 shares during the period. Balefire LLC raised its holdings in CNH Industrial by 10.9% during the 1st quarter. Balefire LLC now owns 22,134 shares of the company’s stock worth $272,000 after buying an additional 2,182 shares during the period. Finally, Colonial Trust Co SC acquired a new stake in CNH Industrial during the 4th quarter worth about $25,000. 59.88% of the stock is currently owned by institutional investors.

Insider Transactions at CNH Industrial

In related news, insider Kelly Manley sold 3,575 shares of the 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 $45,402.50. Following the transaction, the insider owned 161,473 shares in the company, valued at approximately $2,050,707.10. This represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Oddone Incisa sold 22,515 shares of the 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 $285,940.50. Following the completion of the transaction, the chief financial officer owned 856,574 shares in the company, valued at $10,878,489.80. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,246 shares of company stock worth $511,732. Corporate insiders own 1.00% of the company’s stock.

CNH Industrial Price Performance

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

CNH Industrial (NYSE:CNH) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.47 billion. The company’s quarterly revenue was down 20.5% compared to the same quarter last year. Equities research analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

CNH has been the topic of several recent analyst reports. Northland Securities upgraded CNH Industrial from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a report on Friday, April 11th. Northland Capmk upgraded CNH Industrial from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. Morgan Stanley cut their price objective on CNH Industrial from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group downgraded CNH Industrial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $12.50 to $11.50 in a report on Wednesday. Finally, Wall Street Zen initiated coverage on CNH Industrial in a report on Wednesday, April 30th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.88.

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.