CNH Industrial (NYSE:CNHI) Sees Large Volume Increase

Shares of CNH Industrial (NYSE:CNHI) saw an uptick in trading volume on Thursday . 73,429 shares traded hands during trading, a decline of 97% from the previous session’s volume of 2,696,999 shares.The stock last traded at $16.15 and had previously closed at $16.14.

A number of brokerages recently issued reports on CNHI. Evercore ISI cut their price objective on CNH Industrial from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday. Zacks Investment Research downgraded CNH Industrial from a “strong-buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research note on Friday, July 16th. Finally, Oppenheimer restated a “hold” rating on shares of CNH Industrial in a research note on Monday, June 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CNH Industrial has a consensus rating of “Hold” and an average target price of $17.29.

The company has a current ratio of 4.97, a quick ratio of 3.92 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $22.10 billion, a P/E ratio of 70.17 and a beta of 1.72. The company has a 50 day simple moving average of $16.62 and a two-hundred day simple moving average of $16.44.

CNH Industrial (NYSE:CNHI) last posted its earnings results on Friday, July 30th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.15. The firm had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $7.73 billion. CNH Industrial had a return on equity of 29.43% and a net margin of 1.02%. The company’s quarterly revenue was up 59.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) EPS. On average, sell-side analysts expect that CNH Industrial will post 1.32 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Odey Asset Management Group Ltd boosted its position in shares of CNH Industrial by 1.6% during the 1st quarter. Odey Asset Management Group Ltd now owns 1,985,304 shares of the company’s stock valued at $30,786,000 after acquiring an additional 30,982 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of CNH Industrial by 157.4% during the 1st quarter. Schroder Investment Management Group now owns 16,749,233 shares of the company’s stock valued at $221,007,000 after acquiring an additional 10,243,221 shares during the last quarter. Meristem Family Wealth LLC bought a new position in shares of CNH Industrial during the 2nd quarter valued at approximately $318,000. Janus Henderson Group PLC boosted its position in shares of CNH Industrial by 4.6% during the 1st quarter. Janus Henderson Group PLC now owns 4,303,604 shares of the company’s stock valued at $66,766,000 after acquiring an additional 188,444 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of CNH Industrial during the 1st quarter valued at approximately $18,465,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

About CNH Industrial (NYSE:CNHI)

CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.

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