Toroso Investments LLC Sells 2,563 Shares of CNH Industrial (NYSE:CNHI)

Toroso Investments LLC reduced its holdings in CNH Industrial (NYSE:CNHIGet Rating) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,391 shares of the company’s stock after selling 2,563 shares during the period. Toroso Investments LLC’s holdings in CNH Industrial were worth $1,602,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. AlphaCrest Capital Management LLC increased its position in CNH Industrial by 107.3% in the 3rd quarter. AlphaCrest Capital Management LLC now owns 61,146 shares of the company’s stock worth $683,000 after buying an additional 31,647 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CNH Industrial by 38.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 707,973 shares of the company’s stock valued at $8,156,000 after purchasing an additional 197,140 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of CNH Industrial by 956.9% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,328,407 shares of the company’s stock valued at $15,304,000 after purchasing an additional 1,202,716 shares during the period. Vontobel Holding Ltd. increased its position in shares of CNH Industrial by 25.4% during the third quarter. Vontobel Holding Ltd. now owns 123,263 shares of the company’s stock valued at $1,405,000 after purchasing an additional 24,982 shares during the period. Finally, Equitable Holdings Inc. bought a new stake in shares of CNH Industrial during the third quarter valued at approximately $134,000. 38.37% of the stock is owned by institutional investors.

CNH Industrial Trading Down 3.6 %

NYSE:CNHI opened at $13.73 on Friday. CNH Industrial has a 1-year low of $10.60 and a 1-year high of $17.98. The business’s 50-day moving average price is $16.50 and its two-hundred day moving average price is $14.80. The company has a current ratio of 7.15, a quick ratio of 5.99 and a debt-to-equity ratio of 3.31. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 9.28 and a beta of 1.66.

CNH Industrial (NYSE:CNHIGet Rating) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. CNH Industrial had a return on equity of 31.61% and a net margin of 8.62%. The company had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $6.10 billion. During the same period in the prior year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, equities analysts expect that CNH Industrial will post 1.7 earnings per share for the current year.

CNH Industrial Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, April 24th. Shareholders of record on Tuesday, April 25th will be issued a $0.3861 dividend. This is an increase from CNH Industrial’s previous annual dividend of $0.31. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, April 24th. CNH Industrial’s dividend payout ratio is 26.35%.

Analyst Ratings Changes

CNHI has been the topic of a number of research reports. Citigroup boosted their price objective on CNH Industrial from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, December 1st. Berenberg Bank assumed coverage on CNH Industrial in a research report on Friday, January 27th. They issued a “buy” rating and a $31.00 price target on the stock. Stifel Nicolaus upped their price target on CNH Industrial from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Monday, December 19th. Barclays upped their price target on CNH Industrial from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, January 13th. Finally, StockNews.com initiated coverage on CNH Industrial in a research note on Thursday. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.51.

CNH Industrial Profile

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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.

Further Reading

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

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