TD Asset Management Inc Has $3.61 Million Stock Position in CNH Industrial N.V. (NYSE:CNH)

TD Asset Management Inc boosted its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 8.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 294,222 shares of the company’s stock after purchasing an additional 23,319 shares during the period. TD Asset Management Inc’s holdings in CNH Industrial were worth $3,613,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Colonial Trust Co SC acquired a new position in CNH Industrial during the 4th quarter worth approximately $25,000. Anchor Investment Management LLC bought a new stake in shares of CNH Industrial during the fourth quarter worth $26,000. TD Waterhouse Canada Inc. acquired a new position in shares of CNH Industrial during the fourth quarter worth $29,000. Global X Japan Co. Ltd. bought a new position in shares of CNH Industrial in the 1st quarter valued at $29,000. Finally, LGT Financial Advisors LLC acquired a new stake in shares of CNH Industrial during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analyst Upgrades and Downgrades

CNH has been the topic of a number of research 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 research report on Friday, April 11th. Evercore ISI boosted their price target on CNH Industrial from $13.00 to $15.00 and gave the stock an “in-line” rating in a report on Monday, May 19th. Morgan Stanley dropped their price objective 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. Northland Capmk upgraded shares of CNH Industrial from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. Finally, Oppenheimer upped their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.88.

Insiders Place Their Bets

In other CNH Industrial news, insider Kelly Manley sold 3,575 shares of CNH Industrial 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 completion of the sale, the insider directly owned 161,473 shares in the company, valued at approximately $2,050,707.10. The trade was a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief financial officer owned 856,574 shares in the company, valued at $10,878,489.80. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,246 shares of company stock worth $511,732 in the last quarter. 1.00% of the stock is currently owned by company insiders.

CNH Industrial Trading Down 3.9%

CNH opened at $12.46 on Friday. CNH Industrial N.V. has a twelve month low of $9.28 and a twelve month high of $14.27. The company has a fifty day moving average of $12.97 and a 200-day moving average of $12.59. The stock has a market cap of $15.57 billion, a PE ratio of 15.20 and a beta of 1.50. The company has a quick ratio of 11.18, a current ratio of 13.41 and a debt-to-equity ratio of 3.29.

CNH Industrial (NYSE:CNH) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 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 $4.71 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was down 14.2% compared to the same quarter last year. On average, sell-side analysts predict that CNH Industrial N.V. will post 0.7 EPS for the current 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.