CNH Industrial N.V. (NYSE:CNH) Stock Holdings Increased by US Bancorp DE

US Bancorp DE boosted its stake in CNH Industrial N.V. (NYSE:CNH) by 193.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,449 shares of the company’s stock after buying an additional 31,942 shares during the quarter. US Bancorp DE’s holdings in CNH Industrial were worth $595,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CNH. Teacher Retirement System of Texas acquired a new position in CNH Industrial in the 1st quarter worth about $1,570,000. SG Americas Securities LLC lifted its stake in shares of CNH Industrial by 450.0% in the 1st quarter. SG Americas Securities LLC now owns 60,202 shares of the company’s stock valued at $739,000 after purchasing an additional 49,256 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of CNH Industrial by 29.3% in the 1st quarter. Fifth Third Bancorp now owns 6,241 shares of the company’s stock valued at $77,000 after purchasing an additional 1,416 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in CNH Industrial in the fourth quarter worth $1,233,000. Finally, GAMMA Investing LLC increased its position in CNH Industrial by 169.2% during the first quarter. GAMMA Investing LLC now owns 7,225 shares of the company’s stock worth $89,000 after buying an additional 4,541 shares during the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CNH. Morgan Stanley reduced their price target on CNH Industrial from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Citigroup raised their target price on shares of CNH Industrial from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 30th. UBS Group lifted their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Evercore ISI boosted their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. Finally, Oppenheimer boosted their price objective on CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CNH Industrial has an average rating of “Moderate Buy” and an average price target of $15.21.

CNH Industrial Trading Up 0.4%

CNH Industrial stock opened at $12.49 on Tuesday. CNH Industrial N.V. has a 12 month low of $9.40 and a 12 month high of $14.27. The stock has a market cap of $15.62 billion, a price-to-earnings ratio of 19.21 and a beta of 1.54. The business has a 50 day moving average price of $12.95 and a two-hundred day moving average price of $12.62. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business’s revenue was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share. As a group, equities analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current year.

About CNH Industrial

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.