D.A. Davidson & CO. Purchases 32,668 Shares of CNH Industrial (NYSE:CNHI)

Posted by on Jul 12th, 2023

D.A. Davidson & CO. grew its position in shares of CNH Industrial (NYSE:CNHI – Free Report) by 24.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,104 shares of the company’s stock after buying an additional 32,668 shares during the period. D.A. Davidson & CO.’s holdings in CNH Industrial were worth $2,506,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors increased its position 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 during the period. Compagnie Lombard Odier SCmA bought a new stake in shares of CNH Industrial in the fourth quarter valued at approximately $46,000. National Bank of Canada FI grew its position in CNH Industrial by 19.2% during the fourth 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 in the last quarter. Quadrant Capital Group LLC increased its stake in CNH Industrial by 20.2% during the 4th quarter. Quadrant Capital Group LLC now owns 6,590 shares of the company’s stock worth $106,000 after acquiring an additional 1,107 shares during the period. Finally, State of Wyoming acquired a new position in CNH Industrial in the 4th quarter valued at $109,000. Institutional investors and hedge funds own 39.44% of the company’s stock.

CNH Industrial Stock Performance

Shares of CNH Industrial stock opened at $14.73 on Wednesday. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of 9.26 and a beta of 1.64. The company has a quick ratio of 5.84, a current ratio of 7.28 and a debt-to-equity ratio of 3.18. CNH Industrial has a twelve month low of $10.60 and a twelve month high of $17.98. The company’s fifty day moving average is $13.98 and its 200 day moving average is $15.13.

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

CNH Industrial Increases Dividend

The company also recently announced an annual dividend, which was paid on Saturday, April 22nd. Investors of record on Tuesday, April 25th were paid a dividend of $0.3861 per share. This represents a 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.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com cut CNH Industrial from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. Morgan Stanley lowered their price target on CNH Industrial from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 20th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, CNH Industrial has an average rating of “Moderate Buy” and an average price target of $19.56.

CNH Industrial Company Profile

(Free Report)

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.

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Institutional Ownership by Quarter for CNH Industrial (NYSE:CNHI)

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