Janus Henderson Group PLC cut its stake in CNH Industrial NV (NYSE:CNHI) by 26.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,976,628 shares of the company’s stock after selling 3,201,386 shares during the quarter. Janus Henderson Group PLC owned about 0.66% of CNH Industrial worth $91,428,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Cigna Investments Inc. New increased its stake in shares of CNH Industrial by 17.7% in the 4th quarter. Cigna Investments Inc. New now owns 14,525 shares of the company’s stock worth $131,000 after acquiring an additional 2,188 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of CNH Industrial by 19.0% during the 4th quarter. D.A. Davidson & CO. now owns 16,863 shares of the company’s stock worth $155,000 after purchasing an additional 2,690 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of CNH Industrial by 5.5% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 68,488 shares of the company’s stock worth $617,000 after purchasing an additional 3,552 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of CNH Industrial during the 4th quarter worth about $35,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of CNH Industrial by 33.3% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 24,000 shares of the company’s stock worth $221,000 after purchasing an additional 6,000 shares during the last quarter. 21.02% of the stock is owned by institutional investors and hedge funds.
Shares of CNHI traded up $0.02 during midday trading on Wednesday, hitting $8.78. The company had a trading volume of 2,299,900 shares, compared to its average volume of 1,725,836. The company has a debt-to-equity ratio of 4.42, a quick ratio of 4.03 and a current ratio of 5.33. The stock has a market capitalization of $11.98 billion, a PE ratio of 10.98 and a beta of 1.12. CNH Industrial NV has a 1 year low of $8.41 and a 1 year high of $12.68.
CNH Industrial (NYSE:CNHI) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.76 billion. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. Analysts predict that CNH Industrial NV will post 0.87 EPS for the current year.
A number of equities analysts recently commented on CNHI shares. TheStreet upgraded CNH Industrial from a “c” rating to a “b” rating in a report on Wednesday, May 15th. ValuEngine upgraded CNH Industrial from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Zacks Investment Research cut CNH Industrial from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.10.
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CNH Industrial Profile
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
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