Equitable Holdings Inc. purchased a new position in CNH Industrial (NYSE:CNHI – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,000 shares of the company’s stock, valued at approximately $134,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in CNH Industrial by 437.9% during the second quarter. Captrust Financial Advisors now owns 3,292 shares of the company’s stock worth $38,000 after acquiring an additional 2,680 shares in the last quarter. CWM LLC lifted its holdings in CNH Industrial by 1,419.3% during the third quarter. CWM LLC now owns 3,707 shares of the company’s stock worth $41,000 after acquiring an additional 3,463 shares in the last quarter. Bessemer Group Inc. bought a new position in CNH Industrial during the third quarter worth about $49,000. Whittier Trust Co. bought a new position in CNH Industrial during the third quarter worth about $89,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of CNH Industrial by 178.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,712 shares of the company’s stock valued at $90,000 after purchasing an additional 4,939 shares in the last quarter. 38.37% of the stock is currently owned by institutional investors.
CNH Industrial Price Performance
Shares of NYSE CNHI opened at $16.46 on Tuesday. The business’s 50 day moving average price is $16.61 and its two-hundred day moving average price is $14.51. The company has a market cap of $22.13 billion, a PE ratio of 11.12 and a beta of 1.66. The company has a quick ratio of 5.35, a current ratio of 6.70 and a debt-to-equity ratio of 3.29. CNH Industrial has a twelve month low of $10.60 and a twelve month high of $17.98.
CNH Industrial Increases Dividend
The company also recently announced an annual dividend, which will be paid on Monday, April 24th. Stockholders of record on Tuesday, April 25th will be given a $0.3861 dividend. This is an increase from CNH Industrial’s previous annual dividend of $0.31. The ex-dividend date is Monday, April 24th. This represents a dividend yield of 1.8%. CNH Industrial’s dividend payout ratio is presently 20.27%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CNHI. Robert W. Baird boosted their price target on CNH Industrial from $17.00 to $21.00 in a report on Thursday, February 2nd. Credit Suisse Group began coverage on CNH Industrial in a report on Tuesday, December 20th. They issued an “outperform” rating and a $21.00 price target on the stock. Citigroup boosted their price target on CNH Industrial from $15.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, December 1st. Stifel Nicolaus boosted their price target on CNH Industrial from $15.00 to $17.00 and gave the company a “hold” rating in a report on Monday, December 19th. Finally, StockNews.com upgraded CNH Industrial from a “hold” rating to a “buy” rating in a report on Friday, November 18th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.51.
CNH Industrial Company Profile
CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.
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