CNH Industrial N.V. (NYSE:CNH) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in CNH Industrial N.V. (NYSE:CNH) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,875 shares of the company’s stock after acquiring an additional 4,077 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in CNH Industrial were worth $1,386,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG acquired a new stake in CNH Industrial during the 4th quarter valued at $1,937,000. Truist Financial Corp purchased a new position in CNH Industrial in the 4th quarter valued at about $256,000. Atria Wealth Solutions Inc. acquired a new stake in shares of CNH Industrial during the fourth quarter valued at about $114,000. Private Advisor Group LLC purchased a new stake in shares of CNH Industrial during the fourth quarter worth about $146,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of CNH Industrial during the fourth quarter worth about $310,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Stock Performance

CNH Industrial stock opened at $12.98 on Tuesday. The company has a debt-to-equity ratio of 3.29, a current ratio of 13.41 and a quick ratio of 11.18. CNH Industrial N.V. has a 12 month low of $9.28 and a 12 month high of $13.87. The company has a fifty day moving average price of $12.65 and a two-hundred day moving average price of $12.30. The company has a market cap of $16.22 billion, a PE ratio of 15.83 and a beta of 1.52.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. CNH Industrial had a net margin of 5.53% and a return on equity of 14.32%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial’s revenue was down 20.5% on a year-over-year basis. Research analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on CNH shares. Robert W. Baird reissued a “neutral” rating and issued a $15.00 price target (down previously from $16.00) on shares of CNH Industrial in a report on Monday, March 3rd. Baird R W cut CNH Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Morgan Stanley decreased their price target on shares of CNH Industrial from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Citigroup upped their price target on shares of CNH Industrial from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 30th. Finally, Wall Street Zen began coverage on shares of CNH Industrial in a report on Wednesday, April 30th. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.08.

Insider Buying and Selling at CNH Industrial

In other CNH Industrial news, CTO Jay Schroeder sold 2,154 shares of CNH Industrial stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $27,355.80. Following the completion of the transaction, the chief technology officer directly owned 32,762 shares in the company, valued at $416,077.40. The trade was a 6.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Suzanne Heywood sold 11,053 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $140,373.10. Following the sale, the director owned 566,905 shares in the company, valued at $7,199,693.50. The trade was a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,246 shares of company stock worth $511,732. Insiders own 0.23% of the company’s stock.

About CNH Industrial

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.