SG Americas Securities LLC Sells 12,584 Shares of CNH Industrial (NYSE:CNHI)

SG Americas Securities LLC decreased its holdings in shares of CNH Industrial (NYSE:CNHIGet Rating) by 31.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,152 shares of the company’s stock after selling 12,584 shares during the quarter. SG Americas Securities LLC’s holdings in CNH Industrial were worth $431,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in CNH Industrial by 355.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,249 shares of the company’s stock valued at $44,000 after purchasing an additional 1,755 shares during the period. National Bank of Canada FI bought a new stake in CNH Industrial during the 4th quarter valued at approximately $66,000. Quadrant Capital Group LLC boosted its stake in CNH Industrial by 22.9% during the 4th quarter. Quadrant Capital Group LLC now owns 6,789 shares of the company’s stock valued at $132,000 after purchasing an additional 1,263 shares during the period. First Horizon Advisors Inc. boosted its stake in CNH Industrial by 94.6% during the 4th quarter. First Horizon Advisors Inc. now owns 6,933 shares of the company’s stock valued at $134,000 after purchasing an additional 3,371 shares during the period. Finally, Capital Asset Advisory Services LLC bought a new stake in CNH Industrial during the 1st quarter valued at approximately $173,000. Institutional investors own 38.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CNHI shares. Morgan Stanley reduced their price objective on CNH Industrial from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, July 18th. JPMorgan Chase & Co. reduced their price objective on CNH Industrial from $20.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft raised their price objective on CNH Industrial from $16.00 to $17.00 in a research report on Monday, August 1st. Citigroup reduced their price objective on CNH Industrial from $19.00 to $13.00 in a research report on Thursday, July 7th. Finally, UBS Group set a $18.00 price objective on CNH Industrial in a research report on Monday, June 20th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.34.

CNH Industrial Trading Down 0.7 %

Shares of CNHI opened at $12.56 on Friday. CNH Industrial has a 1 year low of $10.60 and a 1 year high of $19.69. The company has a current ratio of 354.45, a quick ratio of 5.48 and a debt-to-equity ratio of 3.59. The stock has a 50 day simple moving average of $12.52 and a 200-day simple moving average of $14.21. The stock has a market cap of $17.03 billion, a PE ratio of 11.42 and a beta of 1.70.

CNH Industrial (NYSE:CNHIGet Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. CNH Industrial had a return on equity of 29.33% and a net margin of 5.42%. The firm had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period last year, the firm posted $0.42 EPS. The business’s revenue was down 31.7% on a year-over-year basis. On average, sell-side analysts predict that CNH Industrial will post 1.38 EPS for the current fiscal year.

CNH Industrial Company Profile

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CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through five segments: Agriculture, Construction, Commercial and Specialty Vehicles, Powertrain, and Financial.

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

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