Quadrant Capital Group LLC Purchases 1,107 Shares of CNH Industrial (NYSE:CNHI)

Posted by Defense World Staff on Jun 4th, 2023

Quadrant Capital Group LLC grew its holdings in CNH Industrial (NYSE:CNHI – Get Rating) by 20.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,590 shares of the company’s stock after purchasing an additional 1,107 shares during the quarter. Quadrant Capital Group LLC’s holdings in CNH Industrial were worth $106,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. LPL Financial LLC boosted its stake in CNH Industrial by 0.9% in the fourth quarter. LPL Financial LLC now owns 83,518 shares of the company’s stock valued at $1,341,000 after acquiring an additional 767 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in CNH Industrial by 4.7% in the third quarter. Belpointe Asset Management LLC now owns 17,605 shares of the company’s stock valued at $197,000 after buying an additional 792 shares during the period. Mission Wealth Management LP boosted its holdings in CNH Industrial by 2.7% during the fourth quarter. Mission Wealth Management LP now owns 33,195 shares of the company’s stock worth $533,000 after buying an additional 875 shares during the last quarter. National Bank of Canada FI grew its position in shares of CNH Industrial by 19.2% during the 4th quarter. National Bank of Canada FI now owns 6,102 shares of the company’s stock worth $99,000 after buying an additional 984 shares during the period. Finally, Greenleaf Trust increased its stake in shares of CNH Industrial by 6.6% in the 3rd quarter. Greenleaf Trust now owns 17,153 shares of the company’s stock valued at $192,000 after acquiring an additional 1,063 shares during the last quarter. Institutional investors and hedge funds own 38.37% of the company’s stock.

CNH Industrial Trading Up 3.7 %

NYSE CNHI opened at $13.63 on Friday. CNH Industrial has a 52 week low of $10.60 and a 52 week high of $17.98. The company has a debt-to-equity ratio of 3.18, a quick ratio of 5.84 and a current ratio of 7.28. The stock’s 50 day moving average price is $14.12 and its two-hundred day moving average price is $15.47. The stock has a market capitalization of $18.26 billion, a price-to-earnings ratio of 8.57 and a beta of 1.63.

CNH Industrial (NYSE:CNHI – Get Rating) last announced its earnings results on Friday, May 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. CNH Industrial had a net margin of 8.98% and a return on equity of 30.95%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. As a group, analysts anticipate that CNH Industrial will post 1.76 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

The business also recently announced an annual dividend, which was paid on Saturday, April 22nd. Investors of record on Tuesday, April 25th were given a $0.3861 dividend. The ex-dividend date was Monday, April 24th. This represents a dividend yield of 1.8%. This is an increase from CNH Industrial’s previous annual dividend of $0.31.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CNHI shares. StockNews.com lowered shares of CNH Industrial from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Morgan Stanley lowered their price objective on shares of CNH Industrial from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, April 20th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.43.

About CNH Industrial

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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.