CNH Industrial N.V. $CNH Shares Sold by LPL Financial LLC

LPL Financial LLC lessened its position in shares of CNH Industrial N.V. (NYSE:CNH) by 41.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 227,227 shares of the company’s stock after selling 163,842 shares during the quarter. LPL Financial LLC’s holdings in CNH Industrial were worth $2,790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNH. Dimensional Fund Advisors LP purchased a new stake in shares of CNH Industrial during the 4th quarter worth about $162,095,000. Millennium Management LLC bought a new position in CNH Industrial during the 4th quarter worth $136,517,000. DME Capital Management LP bought a new position in shares of CNH Industrial in the fourth quarter worth $115,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of CNH Industrial in the fourth quarter valued at $97,092,000. Finally, Northern Trust Corp purchased a new stake in shares of CNH Industrial during the fourth quarter valued at $91,407,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Evercore ISI raised their price objective on CNH Industrial from $13.00 to $15.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. Wall Street Zen started coverage on CNH Industrial in a research report on Wednesday, April 30th. They set a “sell” rating for the company. The Goldman Sachs Group downgraded CNH Industrial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. UBS Group lifted their price objective on CNH Industrial from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, Oppenheimer boosted their target price on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CNH Industrial presently has a consensus rating of “Moderate Buy” and an average target price of $15.21.

CNH Industrial Trading Up 0.5%

NYSE CNH opened at $12.21 on Monday. 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 N.V. has a twelve month low of $9.77 and a twelve month high of $14.27. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 18.78 and a beta of 1.54. The business’s fifty day moving average is $12.94 and its 200 day moving average is $12.60.

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

CNH Industrial 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.