Fiera Capital Corp Sells 34,860 Shares of CNH Industrial (NYSE:CNHI)

Fiera Capital Corp trimmed its stake in CNH Industrial (NYSE:CNHI) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,900,760 shares of the company’s stock after selling 34,860 shares during the period. Fiera Capital Corp owned about 0.14% of CNH Industrial worth $27,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hexagon Capital Partners LLC increased its position in CNH Industrial by 27.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 2,966 shares of the company’s stock valued at $43,000 after purchasing an additional 643 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in CNH Industrial by 3.8% during the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 19,551 shares of the company’s stock worth $299,000 after acquiring an additional 715 shares during the period. Greenleaf Trust raised its position in shares of CNH Industrial by 4.1% in the 1st quarter. Greenleaf Trust now owns 19,705 shares of the company’s stock worth $301,000 after acquiring an additional 782 shares in the last quarter. Vise Technologies Inc. lifted its stake in shares of CNH Industrial by 3.6% in the 2nd quarter. Vise Technologies Inc. now owns 25,297 shares of the company’s stock valued at $364,000 after purchasing an additional 868 shares during the period. Finally, Astoria Portfolio Advisors LLC. boosted its position in shares of CNH Industrial by 5.8% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 18,575 shares of the company’s stock valued at $278,000 after purchasing an additional 1,014 shares in the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

CNH Industrial Price Performance

CNHI stock opened at $9.80 on Tuesday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 6.72 and a current ratio of 8.36. The business has a 50-day simple moving average of $11.92 and a two-hundred day simple moving average of $13.31. The company has a market capitalization of $13.04 billion, a P/E ratio of 5.70 and a beta of 1.64. CNH Industrial has a 52-week low of $9.77 and a 52-week high of $17.98.

CNH Industrial (NYSE:CNHI) last posted its earnings results on Tuesday, November 7th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. CNH Industrial had a return on equity of 29.90% and a net margin of 9.45%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts expect that CNH Industrial will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CNHI shares. StockNews.com started coverage on CNH Industrial in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Bank of America cut their target price on shares of CNH Industrial from $17.00 to $14.00 in a research note on Wednesday, October 11th. Sanford C. Bernstein downgraded shares of CNH Industrial from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $17.31 to $15.11 in a research note on Monday, September 4th. Oppenheimer cut shares of CNH Industrial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 20th. Finally, Citigroup decreased their target price on CNH Industrial from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, October 13th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.37.

About CNH Industrial

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.