HighTower Advisors LLC Acquires 148,967 Shares of CNH Industrial (NYSE:CNHI)

HighTower Advisors LLC lifted its holdings in CNH Industrial (NYSE:CNHI – Get Rating) by 271.3% in the fourth quarter, Holdings Channel reports. The fund owned 203,881 shares of the company’s stock after purchasing an additional 148,967 shares during the quarter. HighTower Advisors LLC’s holdings in CNH Industrial were worth $3,269,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Raymond James & Associates lifted its stake in CNH Industrial by 156.2% in the first quarter. Raymond James & Associates now owns 161,166 shares of the company’s stock worth $2,556,000 after purchasing an additional 98,266 shares during the last quarter. BlackRock Inc. increased its holdings in CNH Industrial by 113.2% during the first quarter. BlackRock Inc. now owns 4,073,190 shares of the company’s stock valued at $64,601,000 after buying an additional 2,162,593 shares during the period. Sei Investments Co. purchased a new position in CNH Industrial during the first quarter valued at approximately $7,668,000. Canada Pension Plan Investment Board increased its holdings in CNH Industrial by 0.8% during the first quarter. Canada Pension Plan Investment Board now owns 703,293 shares of the company’s stock valued at $11,264,000 after buying an additional 5,669 shares during the period. Finally, Vanguard Group Inc. increased its holdings in CNH Industrial by 1.8% during the first quarter. Vanguard Group Inc. now owns 33,478,435 shares of the company’s stock valued at $530,969,000 after buying an additional 577,993 shares during the period. Institutional investors own 38.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CNHI. StockNews.com raised shares of CNH Industrial from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Oppenheimer cut their price target on shares of CNH Industrial from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, February 3rd. Morgan Stanley lowered their price objective on shares of CNH Industrial from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, April 20th. Berenberg Bank assumed coverage on shares of CNH Industrial in a research note on Friday, January 27th. They set a “buy” rating and a $31.00 price objective for the company. Finally, Robert W. Baird lifted their price objective on shares of CNH Industrial from $17.00 to $21.00 in a research note on Thursday, February 2nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, CNH Industrial has an average rating of “Moderate Buy” and a consensus target price of $19.43.

CNH Industrial Stock Performance

Shares of CNHI stock opened at $14.00 on Monday. CNH Industrial has a one year low of $10.60 and a one year high of $17.98. The firm’s 50 day moving average price is $14.33 and its 200-day moving average price is $15.54. The company has a debt-to-equity ratio of 3.18, a quick ratio of 5.84 and a current ratio of 7.28. The firm has a market cap of $18.76 billion, a P/E ratio of 8.81 and a beta of 1.63.

CNH Industrial (NYSE:CNHI – Get Rating) last posted its earnings results on Friday, May 5th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.39 billion. CNH Industrial had a net margin of 8.98% and a return on equity of 30.95%. The company’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. As a group, equities research analysts predict that CNH Industrial will post 1.75 EPS for the current year.

CNH Industrial Increases Dividend

The business also recently announced an annual dividend, which was paid on Saturday, April 22nd. Investors 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 Profile

(Get Rating)

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.