Segantii Capital Management Ltd Has $270,000 Stake in CNH Industrial NV (CNHI)
Segantii Capital Management Ltd boosted its stake in CNH Industrial NV (NASDAQ:CNHI) by 27.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,866 shares of the company’s stock after buying an additional 5,205 shares during the period. Segantii Capital Management Ltd’s holdings in CNH Industrial NV were worth $270,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in CNH Industrial NV by 4.0% in the first quarter. Vanguard Group Inc. now owns 22,012,748 shares of the company’s stock valued at $212,204,000 after buying an additional 848,678 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in CNH Industrial NV by 17.4% in the first quarter. Gamco Investors INC. ET AL now owns 9,220,787 shares of the company’s stock valued at $88,888,000 after buying an additional 1,366,437 shares in the last quarter. Credit Agricole S A boosted its stake in CNH Industrial NV by 10.3% in the first quarter. Credit Agricole S A now owns 6,617,807 shares of the company’s stock valued at $63,796,000 after buying an additional 616,168 shares in the last quarter. Gabelli Funds LLC boosted its stake in CNH Industrial NV by 3.6% in the first quarter. Gabelli Funds LLC now owns 5,145,836 shares of the company’s stock valued at $49,606,000 after buying an additional 180,300 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in CNH Industrial NV by 316.0% in the first quarter. TIAA CREF Investment Management LLC now owns 3,946,143 shares of the company’s stock valued at $38,041,000 after buying an additional 2,997,566 shares in the last quarter.
CNH Industrial NV (NASDAQ:CNHI) opened at 11.52 on Friday. The stock’s 50 day moving average is $11.64 and its 200 day moving average is $10.53. CNH Industrial NV has a one year low of $6.93 and a one year high of $12.13. The stock has a market capitalization of $15.71 billion and a price-to-earnings ratio of 37.16.
CNH Industrial NV (NASDAQ:CNHI) last released its earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. CNH Industrial NV had a return on equity of 4.11% and a net margin of 0.55%. The company had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the previous year, the business posted $0.10 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts forecast that CNH Industrial NV will post $0.45 EPS for the current year.
CNH Industrial NV declared that its board has authorized a stock buyback plan on Monday, June 5th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
ILLEGAL ACTIVITY WARNING: This report was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/segantii-capital-management-ltd-has-270000-stake-in-cnh-industrial-nv-cnhi/1474147.html.
Several equities research analysts have issued reports on CNHI shares. Zacks Investment Research cut shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Seaport Global Securities raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and raised their price target for the stock from $11.00 to $14.00 in a research note on Thursday, July 13th. Deutsche Bank AG reaffirmed a “hold” rating and set a $10.00 price target on shares of CNH Industrial NV in a research note on Tuesday, July 4th. Bank of America Corporation raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $12.00 price target on shares of CNH Industrial NV in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.26.
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.
Want to see what other hedge funds are holding CNHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNH Industrial NV (NASDAQ:CNHI).
Receive News & Ratings for CNH Industrial NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial NV and related companies with Analyst Ratings Network's FREE daily email newsletter.