TD Asset Management Inc cut its stake in shares of CNH Industrial (NYSE:CNHI – Get Rating) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,105 shares of the company’s stock after selling 4,460 shares during the quarter. TD Asset Management Inc’s holdings in CNH Industrial were worth $3,483,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ninety One UK Ltd acquired a new position in CNH Industrial during the 4th quarter worth about $10,860,000. Pacer Advisors Inc. acquired a new position in CNH Industrial during the 4th quarter worth about $120,000. D.A. Davidson & CO. lifted its holdings in CNH Industrial by 95.9% during the 4th quarter. D.A. Davidson & CO. now owns 131,436 shares of the company’s stock worth $2,111,000 after buying an additional 64,352 shares during the period. Mission Wealth Management LP raised its position in shares of CNH Industrial by 2.7% in the 4th quarter. Mission Wealth Management LP now owns 33,195 shares of the company’s stock worth $533,000 after acquiring an additional 875 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of CNH Industrial by 10.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,377,430 shares of the company’s stock worth $22,020,000 after acquiring an additional 126,814 shares in the last quarter. 38.37% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on CNHI shares. StockNews.com raised CNH Industrial from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley lowered their price objective on CNH Industrial from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, April 20th. Robert W. Baird lifted their price objective on CNH Industrial from $17.00 to $21.00 in a research report on Thursday, February 2nd. Berenberg Bank started coverage on CNH Industrial in a research report on Friday, January 27th. They issued a “buy” rating and a $31.00 price objective for the company. Finally, Barclays lifted their price objective on CNH Industrial from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, January 13th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.43.
CNH Industrial Stock Performance
CNH Industrial (NYSE:CNHI – Get Rating) last issued its quarterly earnings data on Friday, May 5th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.39 billion. CNH Industrial had a return on equity of 31.61% and a net margin of 8.62%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. Equities analysts forecast that CNH Industrial will post 1.69 earnings per share for the current fiscal year.
CNH Industrial Increases Dividend
The firm also recently announced an annual dividend, which was paid on Saturday, April 22nd. Stockholders of record on Tuesday, April 25th were paid a $0.3861 dividend. This represents a dividend yield of 1.8%. The ex-dividend date was Monday, April 24th. This is an increase from CNH Industrial’s previous annual dividend of $0.31.
CNH Industrial 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.
Further Reading
- Get a free copy of the StockNews.com research report on CNH Industrial (CNHI)
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