OLD National Bancorp IN Reduces Holdings in CNH Industrial N.V. $CNH

OLD National Bancorp IN trimmed its position in CNH Industrial N.V. (NYSE:CNH) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,405,668 shares of the company’s stock after selling 88,993 shares during the period. OLD National Bancorp IN’s holdings in CNH Industrial were worth $12,960,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of CNH Industrial during the third quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new stake in CNH Industrial during the 3rd quarter valued at approximately $29,000. Clearstead Advisors LLC lifted its position in shares of CNH Industrial by 132.7% in the third quarter. Clearstead Advisors LLC now owns 3,374 shares of the company’s stock worth $37,000 after buying an additional 1,924 shares in the last quarter. Elevation Wealth Partners LLC bought a new position in CNH Industrial during the fourth quarter valued at $31,000. Finally, Advisory Services Network LLC purchased a new position in shares of CNH Industrial in the 3rd quarter worth approximately $37,000. Institutional investors own 59.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. UBS Group reduced their price target on CNH Industrial from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Wall Street Zen upgraded CNH Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Oppenheimer raised their price objective on CNH Industrial from $13.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Barclays lifted their price target on shares of CNH Industrial from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, April 1st. Six research 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, CNH Industrial presently has a consensus rating of “Hold” and an average price target of $12.88.

CNH Industrial Trading Up 0.9%

Shares of CNH opened at $10.56 on Thursday. CNH Industrial N.V. has a 52-week low of $9.00 and a 52-week high of $14.27. The stock has a market cap of $13.10 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. The firm’s fifty day moving average is $11.35 and its two-hundred day moving average is $10.63. The company has a quick ratio of 11.36, a current ratio of 13.34 and a debt-to-equity ratio of 3.44.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. CNH Industrial had a net margin of 2.82% and a return on equity of 8.90%. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $4.91 billion. During the same period last year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts forecast that CNH Industrial N.V. will post 0.41 earnings per share for the current fiscal year.

CNH Industrial Cuts Dividend

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

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.