Legal & General Group Plc held its stake in shares of CNH Industrial NV (NASDAQ:CNHI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 95,317 shares of the company’s stock at the end of the 2nd quarter. Legal & General Group Plc’s holdings in CNH Industrial NV were worth $1,084,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Credit Suisse AG lifted its position in shares of CNH Industrial NV by 1.4% during the 1st quarter. Credit Suisse AG now owns 3,829,285 shares of the company’s stock worth $36,914,000 after buying an additional 52,086 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of CNH Industrial NV by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 22,012,748 shares of the company’s stock worth $212,204,000 after buying an additional 848,678 shares during the last quarter. Comerica Bank lifted its position in shares of CNH Industrial NV by 1.3% during the 1st quarter. Comerica Bank now owns 76,225 shares of the company’s stock worth $820,000 after buying an additional 986 shares during the last quarter. Trexquant Investment LP lifted its position in shares of CNH Industrial NV by 44.6% during the 2nd quarter. Trexquant Investment LP now owns 41,700 shares of the company’s stock worth $475,000 after buying an additional 12,866 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of CNH Industrial NV by 52,429.3% during the 1st quarter. Teachers Advisors LLC now owns 1,280,140 shares of the company’s stock worth $12,341,000 after buying an additional 1,277,703 shares during the last quarter.

CNH Industrial NV (CNHI) opened at 12.01 on Friday. CNH Industrial NV has a 52-week low of $6.93 and a 52-week high of $12.13. The firm has a 50-day moving average price of $11.41 and a 200 day moving average price of $10.93. The company has a market capitalization of $16.38 billion and a P/E ratio of 38.74.

CNH Industrial NV (NASDAQ:CNHI) last posted its earnings results on Wednesday, July 26th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. CNH Industrial NV had a return on equity of 21.59% and a net margin of 3.17%. The business had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, analysts predict that CNH Industrial NV will post $0.45 earnings per share for the current fiscal year.

CNH Industrial NV announced that its Board of Directors has initiated a stock buyback program on Monday, June 5th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire up to 2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Several analysts recently weighed in on CNHI shares. Zacks Investment Research upgraded CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, July 5th. Seaport Global Securities upgraded CNH Industrial NV from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $11.00 to $14.00 in a research report on Thursday, July 13th. BidaskClub downgraded CNH Industrial NV from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. TheStreet upgraded CNH Industrial NV from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Finally, Stifel Nicolaus restated a “hold” rating and set a $11.50 price objective on shares of CNH Industrial NV in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.26.

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About CNH Industrial NV

CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.

Institutional Ownership by Quarter for CNH Industrial NV (NASDAQ:CNHI)

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