CNH Industrial (NYSE:CNHI) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of CNH Industrial (NYSE:CNHI – Get Rating) by 27.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 229,343 shares of the company’s stock after buying an additional 49,562 shares during the quarter. Raymond James & Associates’ holdings in CNH Industrial were worth $3,683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LPL Financial LLC boosted its holdings in CNH Industrial by 0.9% in the fourth quarter. LPL Financial LLC now owns 83,518 shares of the company’s stock valued at $1,341,000 after purchasing an additional 767 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in CNH Industrial by 4.7% in the third quarter. Belpointe Asset Management LLC now owns 17,605 shares of the company’s stock valued at $197,000 after purchasing an additional 792 shares in the last quarter. Mission Wealth Management LP boosted its holdings in CNH Industrial by 2.7% in the fourth quarter. Mission Wealth Management LP now owns 33,195 shares of the company’s stock valued at $533,000 after purchasing an additional 875 shares in the last quarter. National Bank of Canada FI boosted its holdings in CNH Industrial by 19.2% in the fourth quarter. National Bank of Canada FI now owns 6,102 shares of the company’s stock valued at $99,000 after purchasing an additional 984 shares in the last quarter. Finally, Greenleaf Trust boosted its holdings in CNH Industrial by 6.6% in the third quarter. Greenleaf Trust now owns 17,153 shares of the company’s stock valued at $192,000 after purchasing an additional 1,063 shares in the last quarter. 38.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Robert W. Baird upped their price target on CNH Industrial from $17.00 to $21.00 in a report on Thursday, February 2nd. Oppenheimer decreased their price objective on CNH Industrial from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Berenberg Bank began coverage on CNH Industrial in a report on Friday, January 27th. They issued a “buy” rating and a $31.00 price objective for the company. Morgan Stanley decreased their price objective on CNH Industrial from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 20th. Finally, StockNews.com downgraded CNH Industrial from a “buy” rating to a “hold” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.43.

CNH Industrial Trading Down 0.8 %

NYSE:CNHI opened at $13.30 on Friday. The stock has a fifty day moving average price of $14.25 and a two-hundred day moving average price of $15.52. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 8.36 and a beta of 1.63. The company has a debt-to-equity ratio of 3.18, a quick ratio of 5.84 and a current ratio of 7.28. CNH Industrial has a 1 year low of $10.60 and a 1 year high of $17.98.

CNH Industrial (NYSE:CNHI – Get Rating) last released its quarterly earnings data on Friday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.39 billion. CNH Industrial had a return on equity of 30.95% and a net margin of 8.98%. CNH Industrial’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. As a group, sell-side analysts anticipate that CNH Industrial will post 1.77 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

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

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.