Swiss National Bank Sells 225,114 Shares of CNH Industrial (NYSE:CNHI)

Swiss National Bank lessened its stake in CNH Industrial (NYSE:CNHI) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,144,198 shares of the company’s stock after selling 225,114 shares during the quarter. Swiss National Bank’s holdings in CNH Industrial were worth $38,296,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CNHI. Alta Advisers Ltd bought a new stake in CNH Industrial in the 3rd quarter worth about $40,000. BKM Wealth Management LLC purchased a new position in shares of CNH Industrial in the 4th quarter worth approximately $49,000. Desjardins Global Asset Management Inc. bought a new position in shares of CNH Industrial in the fourth quarter valued at approximately $55,000. Lindbrook Capital LLC increased its position in shares of CNH Industrial by 27.5% during the fourth quarter. Lindbrook Capital LLC now owns 6,188 shares of the company’s stock valued at $75,000 after acquiring an additional 1,334 shares during the last quarter. Finally, CWM LLC lifted its holdings in CNH Industrial by 20.9% during the fourth quarter. CWM LLC now owns 6,508 shares of the company’s stock worth $79,000 after acquiring an additional 1,125 shares during the period. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Price Performance

CNHI stock opened at $11.91 on Wednesday. The firm has a 50 day moving average of $12.25 and a 200-day moving average of $11.73. The firm has a market capitalization of $14.96 billion, a P/E ratio of 6.96 and a beta of 1.66. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $15.74. 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 announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.46 billion. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. As a group, sell-side analysts predict that CNH Industrial will post 1.53 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

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

Wall Street Analyst Weigh In

CNHI has been the subject of several research analyst reports. StockNews.com lowered CNH Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Oppenheimer restated a “market perform” rating on shares of CNH Industrial in a report on Tuesday, April 16th. The Goldman Sachs Group upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Wednesday, January 17th. Robert W. Baird raised their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, Evercore ISI upped their price objective on CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.20.

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.