Lazard Asset Management LLC Sells 1,371 Shares of CNH Industrial (NYSE:CNHI)

Lazard Asset Management LLC lessened its stake in CNH Industrial (NYSE:CNHIGet Rating) by 10.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,441 shares of the company’s stock after selling 1,371 shares during the quarter. Lazard Asset Management LLC’s holdings in CNH Industrial were worth $132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Toroso Investments LLC increased its holdings in CNH Industrial by 4.9% in the first quarter. Toroso Investments LLC now owns 194,887 shares of the company’s stock valued at $3,091,000 after purchasing an additional 9,120 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in CNH Industrial by 20.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,268,910 shares of the company’s stock valued at $14,350,000 after acquiring an additional 218,091 shares during the period. Aviva PLC grew its stake in CNH Industrial by 13.4% in the second quarter. Aviva PLC now owns 1,066,948 shares of the company’s stock valued at $12,305,000 after acquiring an additional 125,975 shares during the period. AlphaCrest Capital Management LLC grew its stake in CNH Industrial by 173.7% in the first quarter. AlphaCrest Capital Management LLC now owns 90,760 shares of the company’s stock valued at $1,439,000 after acquiring an additional 57,604 shares during the period. Finally, Mission Wealth Management LP grew its stake in CNH Industrial by 22.5% in the second quarter. Mission Wealth Management LP now owns 31,604 shares of the company’s stock valued at $366,000 after acquiring an additional 5,796 shares during the period. Institutional investors own 37.64% of the company’s stock.

CNH Industrial Stock Performance

Shares of NYSE CNHI opened at $15.31 on Tuesday. The stock has a 50 day moving average price of $12.72 and a 200 day moving average price of $12.80. CNH Industrial has a 52 week low of $10.60 and a 52 week high of $19.69. The company has a debt-to-equity ratio of 3.29, a quick ratio of 5.35 and a current ratio of 6.70. The stock has a market capitalization of $20.58 billion, a PE ratio of 12.06 and a beta of 1.65.

CNH Industrial (NYSE:CNHIGet Rating) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.09. The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.33 billion. CNH Industrial had a return on equity of 29.47% and a net margin of 6.77%. Analysts predict that CNH Industrial will post 1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on CNHI. The Goldman Sachs Group cut CNH Industrial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $14.42 to $12.14 in a research note on Sunday, October 23rd. StockNews.com raised CNH Industrial from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley upped their price objective on CNH Industrial from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 9th. William Blair reaffirmed a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, November 8th. Finally, Oppenheimer raised CNH Industrial from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research report on Wednesday, November 9th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.39.

CNH Industrial 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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