First Trust Advisors LP grew its holdings in shares of CNH Industrial N.V. (NYSE:CNH – Free Report) by 89.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,053,108 shares of the company’s stock after buying an additional 497,233 shares during the period. First Trust Advisors LP’s holdings in CNH Industrial were worth $11,584,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of CNH. AQR Capital Management LLC boosted its stake in shares of CNH Industrial by 395.2% in the fourth quarter. AQR Capital Management LLC now owns 17,308,839 shares of the company’s stock valued at $159,587,000 after buying an additional 13,813,670 shares in the last quarter. Bank of New York Mellon Corp raised its position in CNH Industrial by 267.6% in the first quarter. Bank of New York Mellon Corp now owns 18,425,651 shares of the company’s stock worth $202,682,000 after acquiring an additional 13,413,731 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in CNH Industrial in the fourth quarter valued at $89,964,000. Dimensional Fund Advisors LP lifted its holdings in CNH Industrial by 45.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 26,824,753 shares of the company’s stock valued at $247,338,000 after acquiring an additional 8,332,615 shares during the period. Finally, Tweedy Browne Co LLC boosted its position in shares of CNH Industrial by 51.9% during the 4th quarter. Tweedy Browne Co LLC now owns 20,180,953 shares of the company’s stock worth $186,068,000 after purchasing an additional 6,899,583 shares in the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.
CNH Industrial Stock Down 3.9%
Shares of NYSE CNH opened at $10.34 on Friday. CNH Industrial N.V. has a 12-month low of $9.00 and a 12-month high of $13.31. The company has a market capitalization of $12.82 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 2.06 and a beta of 1.14. 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 firm’s 50-day moving average is $10.60 and its two-hundred day moving average is $10.95.
Wall Street Analyst Weigh In
CNH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, July 13th. DA Davidson restated a “neutral” rating and set a $12.00 target price on shares of CNH Industrial in a research report on Monday, May 4th. Weiss Ratings raised shares of CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Truist Financial set a $16.00 target price on shares of CNH Industrial in a report on Friday, May 1st. Finally, Evercore set a $12.25 price target on shares of CNH Industrial in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, CNH Industrial presently has an average rating of “Hold” and an average target price of $12.77.
Insider Buying and Selling
In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of the firm’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 completion of the transaction, the insider owned 71,926 shares of the company’s stock, valued at approximately $728,610.38. This trade represents a 40.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.18% of the company’s stock.
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.
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Want to see what other hedge funds are holding CNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNH Industrial N.V. (NYSE:CNH – Free Report).
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