Blue Grotto Capital LLC lessened its holdings in CNH Industrial (NYSE:CNHI – Free Report) by 28.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 647,922 shares of the company’s stock after selling 252,078 shares during the quarter. CNH Industrial accounts for 2.5% of Blue Grotto Capital LLC’s investment portfolio, making the stock its 16th biggest position. Blue Grotto Capital LLC’s holdings in CNH Industrial were worth $9,894,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of CNH Industrial during the fourth quarter valued at approximately $46,000. Captrust Financial Advisors grew its holdings in CNH Industrial by 437.9% in the 2nd 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 last quarter. Ameritas Advisory Services LLC purchased a new position in shares of CNH Industrial in the first quarter valued at about $50,000. Quadrant Capital Group LLC raised its stake in shares of CNH Industrial by 20.2% during the fourth quarter. Quadrant Capital Group LLC now owns 6,590 shares of the company’s stock valued at $106,000 after acquiring an additional 1,107 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of CNH Industrial during the fourth quarter worth about $109,000. 39.93% of the stock is owned by institutional investors.
CNH Industrial Stock Performance
Shares of CNH Industrial stock opened at $13.54 on Tuesday. CNH Industrial has a 1 year low of $10.89 and a 1 year high of $17.98. The firm’s 50-day moving average is $14.16 and its 200 day moving average is $14.34. The stock has a market cap of $18.07 billion, a price-to-earnings ratio of 7.92 and a beta of 1.63. The company has a debt-to-equity ratio of 3.28, a current ratio of 7.47 and a quick ratio of 5.99.
Analyst Ratings Changes
A number of research analysts have commented on CNHI shares. Sanford C. Bernstein lowered CNH Industrial from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $17.31 to $15.11 in a research report on Monday, September 4th. Oppenheimer cut their price target on shares of CNH Industrial from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Monday, July 31st. StockNews.com initiated coverage on shares of CNH Industrial in a report on Saturday, August 19th. They issued a “hold” rating for the company. Finally, Citigroup dropped their target price on shares of CNH Industrial from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, July 18th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.02.
Check Out Our Latest Stock Analysis on CNH Industrial
CNH Industrial Company Profile
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.
Further Reading
- Five stocks we like better than CNH Industrial
- Compound Interest and Why It Matters When Investing
- An Electrifying New Upgrade for Tesla Leads the Market Higher
- What Is Dividend Yield and How Do You Calculate It?
- Oil Jumps, 2 Plastic Stocks About To Become Value Plays
- How to Invest in Fertilizer
- The Top 5 Analysts Calls in September
Receive News & Ratings for CNH Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial and related companies with MarketBeat.com's FREE daily email newsletter.
