QSM Asset Management Ltd Grows Holdings in CNH Industrial N.V. $CNH

QSM Asset Management Ltd lifted its stake in CNH Industrial N.V. (NYSE:CNH) by 66.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 979,320 shares of the company’s stock after acquiring an additional 391,830 shares during the period. CNH Industrial accounts for approximately 5.2% of QSM Asset Management Ltd’s holdings, making the stock its 9th biggest position. QSM Asset Management Ltd owned approximately 0.08% of CNH Industrial worth $9,029,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quent Capital LLC acquired a new position in shares of CNH Industrial during the third quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in CNH Industrial in the third quarter worth approximately $29,000. Elevation Wealth Partners LLC acquired a new stake in CNH Industrial in the fourth quarter worth approximately $31,000. Clearstead Advisors LLC boosted its stake in CNH Industrial by 132.7% during the 3rd quarter. Clearstead Advisors LLC now owns 3,374 shares of the company’s stock valued at $37,000 after purchasing an additional 1,924 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in CNH Industrial during the 3rd quarter valued at $37,000. 59.88% of the stock is currently owned by institutional investors.

CNH Industrial Price Performance

Shares of NYSE:CNH opened at $10.41 on Tuesday. The company has a market capitalization of $12.91 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The company has a debt-to-equity ratio of 3.44, a quick ratio of 11.36 and a current ratio of 13.34. The stock has a fifty day moving average of $11.50 and a 200-day moving average of $10.62. CNH Industrial N.V. has a one year low of $9.00 and a one year high of $14.27.

CNH Industrial (NYSE:CNH) last issued its earnings results on Saturday, February 14th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $4.91 billion. CNH Industrial had a return on equity of 8.90% and a net margin of 2.82%.The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. As a group, equities analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

CNH Industrial Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a yield of 89.0%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. DA Davidson boosted their price objective on CNH Industrial from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Oppenheimer raised their target price on CNH Industrial from $13.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Barclays lowered their target price on CNH Industrial from $14.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. UBS Group cut their price target on shares of CNH Industrial from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, January 5th. Finally, Truist Financial set a $12.00 price objective on shares of CNH Industrial in a research report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.23.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.