Allianz Asset Management GmbH Has $20.54 Million Stock Position in CNH Industrial N.V. $CNH

Allianz Asset Management GmbH lifted its position in shares of CNH Industrial N.V. (NYSE:CNH) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,893,103 shares of the company’s stock after purchasing an additional 70,104 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.15% of CNH Industrial worth $20,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CNH. Quent Capital LLC acquired a new stake in CNH Industrial during the third quarter worth $27,000. Transamerica Financial Advisors LLC lifted its holdings in shares of CNH Industrial by 923.2% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock worth $47,000 after acquiring an additional 3,296 shares during the period. Advantage Trust Co acquired a new stake in shares of CNH Industrial during the 2nd quarter valued at about $54,000. Headlands Technologies LLC acquired a new stake in shares of CNH Industrial during the 2nd quarter valued at about $61,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in CNH Industrial in the third quarter valued at about $68,000. 59.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CNH shares. iA Financial set a $13.00 price target on shares of CNH Industrial in a research note on Wednesday, January 14th. Truist Financial set a $12.00 target price on CNH Industrial in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lowered CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 price target on the stock. in a research note on Friday, November 28th. Raymond James Financial lowered their price target on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of CNH Industrial in a report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.97.

CNH Industrial Price Performance

CNH Industrial stock opened at $12.40 on Friday. The business’s fifty day moving average is $10.15 and its two-hundred day moving average is $10.79. The company has a debt-to-equity ratio of 3.49, a quick ratio of 10.82 and a current ratio of 13.01. The firm has a market cap of $15.46 billion, a P/E ratio of 26.38 and a beta of 1.29. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $14.27.

CNH Industrial (NYSE:CNH) last released its quarterly earnings results on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.22 billion. CNH Industrial had a net margin of 3.35% and a return on equity of 8.32%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Equities research analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Suzanne Heywood purchased 52,522 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of $9.52 per share, with a total value of $500,009.44. Following the completion of the purchase, the director directly owned 619,427 shares of the company’s stock, valued at $5,896,945.04. This trade represents a 9.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Howard W. Buffett acquired 4,100 shares of CNH Industrial stock in a transaction on Wednesday, November 12th. The shares were purchased at an average cost of $10.29 per share, for a total transaction of $42,189.00. Following the acquisition, the director owned 33,403 shares in the company, valued at approximately $343,716.87. This represents a 13.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 73,007 shares of company stock valued at $700,182 over the last three months. 1.00% of the stock is owned by insiders.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.