CNH Industrial (NYSE:CNHI) Shares Bought by US Bancorp DE

US Bancorp DE lifted its position in shares of CNH Industrial (NYSE:CNHIGet Rating) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,779 shares of the company’s stock after buying an additional 5,226 shares during the period. US Bancorp DE’s holdings in CNH Industrial were worth $534,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC boosted its position in CNH Industrial by 1,419.3% during the 3rd quarter. CWM LLC now owns 3,707 shares of the company’s stock worth $41,000 after purchasing an additional 3,463 shares during the period. Veriti Management LLC lifted its position in shares of CNH Industrial by 45.7% during the third quarter. Veriti Management LLC now owns 31,193 shares of the company’s stock worth $348,000 after purchasing an additional 9,788 shares during the last quarter. Mirabella Financial Services LLP bought a new position in shares of CNH Industrial during the third quarter worth about $173,000. Thompson Siegel & Walmsley LLC raised its stake in CNH Industrial by 1.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,297,566 shares of the company’s stock worth $25,664,000 after acquiring an additional 33,488 shares during the period. Finally, Raymond James & Associates raised its stake in CNH Industrial by 7.8% during the third quarter. Raymond James & Associates now owns 179,781 shares of the company’s stock worth $2,008,000 after acquiring an additional 12,993 shares during the period. 38.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CNHI. William Blair restated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, November 8th. StockNews.com upgraded shares of CNH Industrial from a “hold” rating to a “buy” rating in a research report on Friday, November 18th. Robert W. Baird began coverage on shares of CNH Industrial in a report on Tuesday, September 27th. They set an “outperform” rating and a $17.00 price target on the stock. Citigroup lifted their target price on shares of CNH Industrial from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, December 1st. Finally, Credit Suisse Group assumed coverage on shares of CNH Industrial in a research report on Tuesday, December 20th. They issued an “outperform” rating and a $21.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.92.

CNH Industrial Price Performance

CNHI opened at $17.02 on Friday. The company has a debt-to-equity ratio of 3.29, a current ratio of 6.70 and a quick ratio of 5.35. The company has a market capitalization of $22.88 billion, a price-to-earnings ratio of 13.40 and a beta of 1.66. The firm’s fifty day moving average price is $16.19 and its two-hundred day moving average price is $13.64. CNH Industrial has a 1 year low of $10.60 and a 1 year high of $17.51.

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

About CNH Industrial

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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.

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

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