Advantage Trust Co Takes $51,000 Position in CNH Industrial (NYSE:CNHI)

Advantage Trust Co bought a new position in shares of CNH Industrial (NYSE:CNHI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,160 shares of the company’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of CNH Industrial by 38.9% during the 3rd quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after buying an additional 14,348,475 shares during the period. Harris Associates L P grew its holdings in CNH Industrial by 9.2% in the third quarter. Harris Associates L P now owns 123,079,130 shares of the company’s stock worth $1,501,638,000 after purchasing an additional 10,322,578 shares during the period. LSV Asset Management increased its stake in CNH Industrial by 4,988.3% in the third quarter. LSV Asset Management now owns 10,090,140 shares of the company’s stock valued at $122,091,000 after purchasing an additional 9,891,840 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of CNH Industrial during the third quarter valued at about $45,390,000. Finally, abrdn plc acquired a new position in shares of CNH Industrial during the fourth quarter valued at about $45,232,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Bank of America reiterated a “neutral” rating on shares of CNH Industrial in a report on Monday, April 22nd. StockNews.com lowered CNH Industrial from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. The Goldman Sachs Group raised CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, January 17th. DA Davidson started coverage on CNH Industrial in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of CNH Industrial from $14.50 to $14.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, CNH Industrial presently has a consensus rating of “Hold” and an average target price of $15.20.

CNH Industrial Price Performance

NYSE:CNHI traded up $0.15 during trading hours on Thursday, hitting $11.80. 5,598,191 shares of the company’s stock traded hands, compared to its average volume of 11,884,037. CNH Industrial has a 52 week low of $9.77 and a 52 week high of $15.74. The business’s fifty day simple moving average is $12.24 and its two-hundred day simple moving average is $11.73. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The firm has a market cap of $14.84 billion, a P/E ratio of 6.90 and a beta of 1.66.

CNH Industrial (NYSE:CNHI) last announced its earnings results on Thursday, May 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.46 billion. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. CNH Industrial’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. On average, research analysts anticipate that CNH Industrial will post 1.53 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be paid a $0.47 dividend. This is a boost from CNH Industrial’s previous annual dividend of $0.39. The ex-dividend date of this dividend is Friday, May 10th. This represents a dividend yield of 3.71%. CNH Industrial’s dividend payout ratio is 27.49%.

About CNH Industrial

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.