Southeastern Asset Management Inc. TN trimmed its holdings in shares of CNH Industrial NV (NASDAQ:CNHI) by 20.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,893,916 shares of the company’s stock after selling 5,236,648 shares during the period. CNH Industrial NV makes up approximately 2.5% of Southeastern Asset Management Inc. TN’s holdings, making the stock its 11th largest position. Southeastern Asset Management Inc. TN owned approximately 1.46% of CNH Industrial NV worth $226,393,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in CNH Industrial NV by 9.8% in the 2nd quarter. Vanguard Group Inc. now owns 24,176,853 shares of the company’s stock worth $275,133,000 after acquiring an additional 2,164,105 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in CNH Industrial NV by 1.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 9,399,787 shares of the company’s stock worth $106,970,000 after acquiring an additional 179,000 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in CNH Industrial NV by 51.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock worth $68,128,000 after acquiring an additional 2,040,505 shares during the last quarter. Gabelli Funds LLC raised its holdings in CNH Industrial NV by 0.7% in the 2nd quarter. Gabelli Funds LLC now owns 5,182,836 shares of the company’s stock worth $58,981,000 after acquiring an additional 37,000 shares during the last quarter. Finally, Credit Suisse AG raised its holdings in CNH Industrial NV by 1.4% in the 1st quarter. Credit Suisse AG now owns 3,829,285 shares of the company’s stock worth $36,914,000 after acquiring an additional 52,086 shares during the last quarter.

Shares of CNH Industrial NV (CNHI) traded down 1.39% during trading on Thursday, reaching $12.02. 414,976 shares of the company were exchanged. CNH Industrial NV has a 1-year low of $7.09 and a 1-year high of $12.27. The firm has a market capitalization of $16.40 billion and a PE ratio of 38.77. The company’s 50-day moving average is $11.55 and its 200 day moving average is $11.12.

CNH Industrial NV (NASDAQ:CNHI) last announced 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. The company had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $7.07 billion. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. CNH Industrial NV’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. Equities research analysts expect that CNH Industrial NV will post $0.45 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.watchlistnews.com/southeastern-asset-management-inc-tn-sells-5236648-shares-of-cnh-industrial-nv-cnhi/1610832.html.

A number of brokerages recently weighed in on CNHI. BidaskClub upgraded shares of CNH Industrial NV from a “buy” rating to a “strong-buy” rating in a report on Thursday. Seaport Global Securities upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $11.00 to $14.00 in a report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and issued a $11.50 price objective on shares of CNH Industrial NV in a report on Friday, July 14th. Bank of America Corporation upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Finally, Zacks Investment Research lowered shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.26.

CNH Industrial NV Profile

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)

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.