Victory Capital Management Inc. Sells 1,359 Shares of CNH Industrial N.V. (NYSE:CNH)

Victory Capital Management Inc. lessened its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 2.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,145 shares of the company’s stock after selling 1,359 shares during the quarter. Victory Capital Management Inc.’s holdings in CNH Industrial were worth $751,000 at the end of the most recent reporting period.

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

CNH Industrial Trading Down 3.9%

NYSE CNH opened at $12.46 on Friday. The stock’s 50 day moving average is $12.97 and its 200 day moving average is $12.59. The company has a quick ratio of 11.18, a current ratio of 13.41 and a debt-to-equity ratio of 3.29. The firm has a market capitalization of $15.57 billion, a PE ratio of 15.20 and a beta of 1.50. CNH Industrial N.V. has a twelve month low of $9.28 and a twelve month high of $14.27.

CNH Industrial (NYSE:CNH) last released its earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was down 14.2% compared to the same quarter last year. Research analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Insider Activity

In other CNH Industrial news, insider Kelly Manley sold 3,575 shares of the firm’s stock in a transaction dated 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 directly owned 161,473 shares in the company, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jay Schroeder sold 2,154 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $27,355.80. Following the completion of the transaction, the chief technology officer owned 32,762 shares in the company, valued at approximately $416,077.40. This represents a 6.17% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,246 shares of company stock worth $511,732. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CNH has been the subject of a number of research analyst reports. Northland Capmk upgraded CNH Industrial from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. Wall Street Zen began coverage on shares of CNH Industrial in a research note on Wednesday, April 30th. They issued a “sell” rating for the company. UBS Group raised their price objective on shares of CNH Industrial from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Morgan Stanley cut their target price on shares of CNH Industrial from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group lowered CNH Industrial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.