US Bancorp DE Buys 31,942 Shares of CNH Industrial N.V. (NYSE:CNH)

US Bancorp DE raised its stake in CNH Industrial N.V. (NYSE:CNH) by 193.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,449 shares of the company’s stock after acquiring an additional 31,942 shares during the period. US Bancorp DE’s holdings in CNH Industrial were worth $595,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP bought a new position in CNH Industrial in the 4th quarter valued at $162,095,000. Millennium Management LLC acquired a new position in CNH Industrial during the 4th quarter worth about $136,517,000. DME Capital Management LP bought a new stake in CNH Industrial during the 4th quarter worth about $115,959,000. FMR LLC acquired a new stake in CNH Industrial in the 4th quarter valued at about $98,804,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of CNH Industrial in the fourth quarter worth about $97,092,000. 59.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CNH has been the subject of several research analyst reports. The Goldman Sachs Group cut shares of CNH Industrial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. Citigroup raised their price target on CNH Industrial from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 30th. Wall Street Zen began coverage on CNH Industrial in a report on Wednesday, April 30th. They set a “sell” rating for the company. UBS Group upped their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Finally, Oppenheimer increased their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.21.

CNH Industrial Price Performance

Shares of CNH stock opened at $12.49 on Tuesday. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. CNH Industrial N.V. has a 12-month low of $9.40 and a 12-month high of $14.27. The firm has a fifty day moving average of $12.95 and a 200-day moving average of $12.62. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 19.21 and a beta of 1.54.

CNH Industrial (NYSE:CNH) last released its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%. The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the previous year, the business posted $0.38 EPS. CNH Industrial’s revenue for the quarter was down 14.2% on a year-over-year basis. On average, equities research analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

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.