CNH Industrial (NYSE:CNHI) Position Reduced by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its position in shares of CNH Industrial (NYSE:CNHI) by 97.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,858 shares of the company’s stock after selling 1,176,634 shares during the period. Mackenzie Financial Corp’s holdings in CNH Industrial were worth $390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNHI. Alta Advisers Ltd bought a new position in shares of CNH Industrial in the third quarter valued at $40,000. BKM Wealth Management LLC bought a new position in shares of CNH Industrial in the fourth quarter valued at $49,000. CWM LLC increased its holdings in shares of CNH Industrial by 29.3% in the third quarter. CWM LLC now owns 5,383 shares of the company’s stock valued at $65,000 after buying an additional 1,220 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of CNH Industrial in the fourth quarter valued at $122,000. Finally, Covestor Ltd bought a new position in shares of CNH Industrial in the third quarter valued at $125,000. Institutional investors own 59.88% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on CNHI shares. DA Davidson began coverage on CNH Industrial in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 price target on the stock. StockNews.com cut shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Morgan Stanley began coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set an “equal weight” rating and a $12.70 price objective on the stock. Oppenheimer reiterated a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, April 16th. Finally, Robert W. Baird lifted their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CNH Industrial has a consensus rating of “Hold” and a consensus price target of $15.20.

CNH Industrial Trading Up 0.3 %

Shares of NYSE:CNHI opened at $11.41 on Friday. The stock has a market capitalization of $14.33 billion, a PE ratio of 6.52 and a beta of 1.65. CNH Industrial has a 1 year low of $9.77 and a 1 year high of $15.74. The firm has a fifty day moving average price of $12.31 and a 200 day moving average price of $11.73. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. CNH Industrial’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. Analysts expect that CNH Industrial will post 1.56 EPS for the current fiscal year.

CNH Industrial Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is a boost from CNH Industrial’s previous annual dividend of $0.39. This represents a yield of 3.71%.

CNH Industrial Profile

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.