Van ECK Associates Corp Has $28.83 Million Position in CNH Industrial N.V. (CNHI)
Van ECK Associates Corp cut its holdings in CNH Industrial N.V. (NYSE:CNHI) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,400,744 shares of the company’s stock after selling 203,254 shares during the quarter. Van ECK Associates Corp owned 0.18% of CNH Industrial worth $28,833,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in CNHI. Wellington Management Group LLP lifted its position in CNH Industrial by 18.1% in the 1st quarter. Wellington Management Group LLP now owns 22,819 shares of the company’s stock valued at $220,000 after acquiring an additional 3,501 shares in the last quarter. KCG Holdings Inc. bought a new position in CNH Industrial in the 1st quarter valued at approximately $162,000. Aperio Group LLC lifted its position in CNH Industrial by 3.9% in the 2nd quarter. Aperio Group LLC now owns 455,934 shares of the company’s stock valued at $5,189,000 after acquiring an additional 16,974 shares in the last quarter. US Bancorp DE lifted its position in CNH Industrial by 9.6% in the 2nd quarter. US Bancorp DE now owns 15,949 shares of the company’s stock valued at $182,000 after acquiring an additional 1,395 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in CNH Industrial by 65.4% in the 2nd quarter. Acadian Asset Management LLC now owns 1,449,508 shares of the company’s stock valued at $16,390,000 after acquiring an additional 573,125 shares in the last quarter. 18.31% of the stock is currently owned by institutional investors and hedge funds.
CNHI has been the topic of several research analyst reports. Zacks Investment Research raised CNH Industrial from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday, October 10th. Deutsche Bank AG reissued a “buy” rating and set a $13.20 price target (up from $12.80) on shares of CNH Industrial in a report on Monday, October 9th. BidaskClub cut CNH Industrial from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Evercore ISI raised CNH Industrial from an “in-line” rating to an “outperform” rating in a report on Monday, November 6th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $13.40 price target (up from $12.00) on shares of CNH Industrial in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.51.
CNH Industrial N.V. (NYSE CNHI) opened at $13.12 on Friday. The firm has a market capitalization of $17,891.44, a price-to-earnings ratio of 27.33 and a beta of 0.86. The company has a debt-to-equity ratio of 5.73, a quick ratio of 4.18 and a current ratio of 5.42. CNH Industrial N.V. has a twelve month low of $8.37 and a twelve month high of $13.37.
CNH Industrial (NYSE:CNHI) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $5.03 billion. CNH Industrial had a return on equity of 14.63% and a net margin of 1.66%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. sell-side analysts predict that CNH Industrial N.V. will post 0.47 earnings per share for the current fiscal year.
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CNH Industrial Company 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.
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