Sei Investments Co. grew its position in shares of CNH Industrial N.V. (NYSE:CNH – Free Report) by 61.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,666,201 shares of the company’s stock after buying an additional 1,774,178 shares during the quarter. Sei Investments Co.’s holdings in CNH Industrial were worth $51,330,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of CNH. Measured Wealth Private Client Group LLC bought a new position in shares of CNH Industrial in the third quarter valued at approximately $29,000. Advisory Services Network LLC bought a new stake in CNH Industrial during the 3rd quarter worth approximately $37,000. Rothschild Investment LLC grew its position in CNH Industrial by 1,734.2% during the 4th quarter. Rothschild Investment LLC now owns 3,485 shares of the company’s stock worth $32,000 after acquiring an additional 3,295 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in CNH Industrial by 923.2% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock valued at $47,000 after purchasing an additional 3,296 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in CNH Industrial during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 59.88% of the company’s stock.
CNH Industrial Stock Performance
CNH stock opened at $11.12 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 12.27 and a quick ratio of 10.17. The company has a 50 day moving average price of $10.55 and a 200 day moving average price of $10.92. CNH Industrial N.V. has a fifty-two week low of $9.00 and a fifty-two week high of $13.32. The stock has a market capitalization of $13.79 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 2.14 and a beta of 1.14.
Insider Activity
In other news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $10.13, for a total transaction of $490,140.05. Following the transaction, the insider owned 71,926 shares of the company’s stock, valued at $728,610.38. This represents a 40.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.18% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms have commented on CNH. Citigroup boosted their price objective on CNH Industrial from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Evercore set a $12.25 target price on CNH Industrial in a research note on Monday, May 11th. Sanford C. Bernstein assumed coverage on CNH Industrial in a report on Thursday, May 7th. They issued a “market perform” rating and a $11.00 price target for the company. Truist Financial set a $16.00 price target on shares of CNH Industrial in a research report on Friday, May 1st. Finally, DA Davidson reiterated a “neutral” rating and set a $12.00 price target on shares of CNH Industrial in a research report on Monday, May 4th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.77.
Get Our Latest Stock Report on CNH Industrial
CNH Industrial 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.
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