Private Advisor Group LLC Lowers Stock Holdings in CNH Industrial (NYSE:CNHI)

Private Advisor Group LLC lowered its position in shares of CNH Industrial (NYSE:CNHIFree Report) by 57.2% during the third quarter, Holdings Channel reports. The firm owned 11,619 shares of the company’s stock after selling 15,524 shares during the quarter. Private Advisor Group LLC’s holdings in CNH Industrial were worth $141,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp increased its position in shares of CNH Industrial by 368.4% during the second quarter. Northern Trust Corp now owns 1,999,637 shares of the company’s stock worth $28,795,000 after purchasing an additional 1,572,687 shares in the last quarter. PDT Partners LLC increased its position in shares of CNH Industrial by 863.3% during the second quarter. PDT Partners LLC now owns 504,992 shares of the company’s stock worth $7,277,000 after purchasing an additional 452,570 shares in the last quarter. SeaBridge Investment Advisors LLC increased its position in shares of CNH Industrial by 102.4% during the third quarter. SeaBridge Investment Advisors LLC now owns 182,517 shares of the company’s stock worth $2,208,000 after purchasing an additional 92,338 shares in the last quarter. Credit Suisse AG grew its holdings in shares of CNH Industrial by 14.9% during the second quarter. Credit Suisse AG now owns 3,861,461 shares of the company’s stock worth $55,605,000 after buying an additional 499,408 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of CNH Industrial by 2.7% during the third quarter. Bank of New York Mellon Corp now owns 6,188,035 shares of the company’s stock worth $74,875,000 after buying an additional 164,166 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

CNH Industrial Price Performance

Shares of NYSE:CNHI opened at $12.37 on Thursday. The business’s 50 day simple moving average is $11.74 and its 200-day simple moving average is $12.15. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 3.44 and a beta of 1.66. The company has a debt-to-equity ratio of 3.10, a current ratio of 8.36 and a quick ratio of 6.72. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $17.06.

CNH Industrial (NYSE:CNHIGet Free Report) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. CNH Industrial had a return on equity of 29.90% and a net margin of 9.45%. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same period in the previous year, the firm posted $0.41 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts forecast that CNH Industrial will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Oppenheimer lowered CNH Industrial from an “outperform” rating to a “market perform” rating in a report on Friday, October 20th. UBS Group lowered their price target on CNH Industrial from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 24th. DA Davidson assumed coverage on CNH Industrial in a report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price target on the stock. Wells Fargo & Company assumed coverage on CNH Industrial in a report on Friday, December 15th. They issued an “equal weight” rating and a $13.00 price objective on the stock. Finally, TheStreet lowered CNH Industrial from a “b-” rating to a “c+” rating in a report on Monday, December 11th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.07.

View Our Latest Stock Report on CNHI

CNH Industrial Profile

(Free Report)

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.

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

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