CNH Industrial (NYSE:CNHI) Shares Gap Up to $14.01

Shares of CNH Industrial (NYSE:CNHI – Get Rating) gapped up prior to trading on Friday . The stock had previously closed at $14.01, but opened at $14.42. CNH Industrial shares last traded at $14.11, with a volume of 2,118,372 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Berenberg Bank started coverage on shares of CNH Industrial in a report on Friday, January 27th. They issued a “buy” rating and a $31.00 target price on the stock. Oppenheimer dropped their price target on CNH Industrial from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Morgan Stanley dropped their price target on CNH Industrial from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, April 20th. StockNews.com upgraded CNH Industrial from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird raised their price target on CNH Industrial from $17.00 to $21.00 in a research note on Thursday, February 2nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.43.

CNH Industrial Stock Down 0.1 %

The company has a 50-day moving average price of $14.33 and a 200 day moving average price of $15.52. The firm has a market capitalization of $18.76 billion, a PE ratio of 8.81 and a beta of 1.63. The company has a debt-to-equity ratio of 3.18, a current ratio of 7.28 and a quick ratio of 5.84.

CNH Industrial (NYSE:CNHI – Get Rating) last announced its quarterly earnings data on Friday, May 5th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. CNH Industrial had a return on equity of 30.95% and a net margin of 8.98%. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the business earned $0.28 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis. Analysts forecast that CNH Industrial will post 1.75 earnings per share for the current year.

CNH Industrial Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Saturday, April 22nd. Stockholders of record on Tuesday, April 25th were given a $0.3861 dividend. This represents a dividend yield of 1.8%. This is an increase from CNH Industrial’s previous annual dividend of $0.31. The ex-dividend date was Monday, April 24th. CNH Industrial’s payout ratio is presently 9.31%.

Institutional Investors Weigh In On CNH Industrial

Several large investors have recently made changes to their positions in CNHI. Perpetual Ltd bought a new stake in shares of CNH Industrial in the first quarter worth about $395,701,000. Norges Bank bought a new stake in shares of CNH Industrial in the fourth quarter worth about $265,843,000. Wellington Management Group LLP increased its holdings in shares of CNH Industrial by 379.1% in the first quarter. Wellington Management Group LLP now owns 9,451,209 shares of the company’s stock worth $151,374,000 after purchasing an additional 7,478,640 shares during the last quarter. Millennium Management LLC increased its holdings in shares of CNH Industrial by 560.7% in the fourth quarter. Millennium Management LLC now owns 8,381,120 shares of the company’s stock worth $134,600,000 after purchasing an additional 7,112,598 shares during the last quarter. Finally, HRT Financial LP bought a new stake in shares of CNH Industrial in the first quarter worth about $83,521,000. 38.37% of the stock is owned by institutional investors.

CNH Industrial Company Profile

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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.