AE Wealth Management LLC Makes New Investment in CNH Industrial N.V. (NYSE:CNH)

AE Wealth Management LLC purchased a new stake in shares of CNH Industrial N.V. (NYSE:CNH) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,921 shares of the company’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CNH. Colonial Trust Co SC acquired a new position in CNH Industrial during the 4th quarter valued at about $25,000. Anchor Investment Management LLC bought a new position in shares of CNH Industrial in the fourth quarter valued at approximately $26,000. TD Waterhouse Canada Inc. acquired a new position in shares of CNH Industrial during the fourth quarter valued at approximately $29,000. Global X Japan Co. Ltd. acquired a new position in shares of CNH Industrial during the first quarter valued at approximately $29,000. Finally, LGT Financial Advisors LLC bought a new stake in CNH Industrial during the fourth quarter worth approximately $32,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Suzanne Heywood sold 11,053 shares of the stock in a transaction that occurred 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 directly owned 566,905 shares of the company’s stock, valued at $7,199,693.50. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kelly Manley sold 3,575 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 161,473 shares in the company, valued at $2,050,707.10. The trade was a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,246 shares of company stock worth $511,732. 1.00% of the stock is currently owned by corporate insiders.

CNH Industrial Stock Up 2.4%

CNH stock opened at $12.93 on Friday. 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 firm has a market capitalization of $16.16 billion, a P/E ratio of 15.77 and a beta of 1.50. CNH Industrial N.V. has a 52-week low of $9.28 and a 52-week high of $14.27. The company’s 50 day simple moving average is $12.98 and its 200-day simple moving average is $12.59.

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

Wall Street Analysts Forecast Growth

CNH has been the subject of a number of research reports. Northland Securities raised CNH Industrial from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Friday, April 11th. UBS Group lifted their target price on CNH Industrial from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Morgan Stanley cut their price target on shares of CNH Industrial from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. Finally, Citigroup boosted their target price on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.