Amundi Pioneer Asset Management Inc. Grows Stake in CNH Industrial NV (NYSE:CNHI)

Amundi Pioneer Asset Management Inc. boosted its holdings in CNH Industrial NV (NYSE:CNHI) by 25.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,786,786 shares of the company’s stock after purchasing an additional 3,408,301 shares during the quarter. Amundi Pioneer Asset Management Inc. owned about 1.24% of CNH Industrial worth $171,225,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Neuburgh Advisers LLC increased its holdings in shares of CNH Industrial by 1,064.3% during the fourth quarter. Neuburgh Advisers LLC now owns 7,824 shares of the company’s stock valued at $70,000 after acquiring an additional 7,152 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in shares of CNH Industrial during the first quarter valued at approximately $146,000. Oppenheimer Asset Management Inc. increased its holdings in shares of CNH Industrial by 1,606.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 14,453 shares of the company’s stock valued at $147,000 after acquiring an additional 13,606 shares in the last quarter. Cornerstone Wealth Group LLC bought a new stake in shares of CNH Industrial during the first quarter valued at approximately $167,000. Finally, Parametrica Management Ltd bought a new stake in shares of CNH Industrial during the fourth quarter valued at approximately $165,000. Institutional investors and hedge funds own 21.02% of the company’s stock.

Several research analysts recently issued reports on CNHI shares. Zacks Investment Research cut Great Portland Estates from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. TheStreet cut YRC Worldwide from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a GBX 4,000 ($52.27) target price on shares of in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.

CNHI stock traded up $0.02 during midday trading on Thursday, hitting $10.32. The company’s stock had a trading volume of 651,349 shares, compared to its average volume of 1,666,309. The company’s 50-day moving average is $9.84. The company has a current ratio of 5.33, a quick ratio of 4.03 and a debt-to-equity ratio of 4.42. CNH Industrial NV has a 1 year low of $8.41 and a 1 year high of $12.68. The stock has a market cap of $14.16 billion, a PE ratio of 12.90 and a beta of 1.38.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The business had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.76 billion. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Research analysts expect that CNH Industrial NV will post 0.86 earnings per share for the current year.

CNH Industrial Company Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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Institutional Ownership by Quarter for CNH Industrial (NYSE:CNHI)

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