CNH Industrial N.V. (NYSE:CNH) Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of CNH Industrial N.V. (NYSE:CNH) by 21.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 904,008 shares of the company’s stock after purchasing an additional 160,754 shares during the period. Envestnet Asset Management Inc. owned 0.07% of CNH Industrial worth $11,101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC bought a new stake in CNH Industrial during the fourth quarter worth approximately $25,000. Anchor Investment Management LLC bought a new position in shares of CNH Industrial in the fourth quarter valued at $26,000. Global X Japan Co. Ltd. bought a new position in shares of CNH Industrial in the first quarter valued at $29,000. Farther Finance Advisors LLC bought a new position in shares of CNH Industrial in the fourth quarter valued at $27,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of CNH Industrial in the fourth quarter valued at $29,000. Institutional investors own 59.88% of the company’s stock.

Insider Activity at CNH Industrial

In other news, CFO Oddone Incisa sold 22,515 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 $285,940.50. Following the transaction, the chief financial officer directly owned 856,574 shares of the company’s stock, valued at approximately $10,878,489.80. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Suzanne Heywood sold 11,053 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $140,373.10. Following the completion of the transaction, the director directly owned 566,905 shares in the company, valued at $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. Over the last ninety days, insiders sold 40,246 shares of company stock valued at $511,732. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNH. Citigroup upped their price target on CNH Industrial from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 30th. UBS Group upped their price target on CNH Industrial from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 9th. Oppenheimer upped their price target on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Northland Securities raised CNH Industrial from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a report on Friday, April 11th. Finally, Truist Financial dropped their price target on CNH Industrial from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CNH Industrial has a consensus rating of “Moderate Buy” and an average price target of $14.88.

CNH Industrial Stock Performance

NYSE CNH opened at $12.97 on Monday. CNH Industrial N.V. has a 1-year low of $9.28 and a 1-year high of $14.27. The company has a current ratio of 13.41, a quick ratio of 11.18 and a debt-to-equity ratio of 3.29. The company has a market capitalization of $16.21 billion, a PE ratio of 15.82 and a beta of 1.50. The firm’s fifty day simple moving average is $13.04 and its 200-day simple moving average is $12.49.

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

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.