Stock Traders Purchase High Volume of Put Options on CNH Industrial (CNHI)

CNH Industrial NV (NYSE:CNHI) was the recipient of some unusual options trading on Friday. Stock traders bought 2,434 put options on the company. This represents an increase of 1,744% compared to the typical daily volume of 132 put options.

CNHI has been the topic of a number of research reports. Bank of America upped their price target on CNH Industrial from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Deutsche Bank upgraded CNH Industrial from a “hold” rating to a “buy” rating and upped their price target for the stock from $12.81 to $16.00 in a research note on Thursday, January 4th. ValuEngine cut CNH Industrial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub cut CNH Industrial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Evercore ISI upgraded CNH Industrial from an “in-line” rating to an “outperform” rating in a research note on Monday, November 6th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.69.

CNH Industrial (NYSE CNHI) opened at $13.55 on Monday. The company has a debt-to-equity ratio of 5.89, a quick ratio of 4.18 and a current ratio of 5.42. CNH Industrial has a 52 week low of $9.15 and a 52 week high of $15.65. The company has a market capitalization of $18,310.00, a price-to-earnings ratio of 61.59 and a beta of 0.64.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. CNH Industrial had a return on equity of 14.58% and a net margin of 1.08%. The business had revenue of $8.10 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. sell-side analysts predict that CNH Industrial will post 0.68 EPS for the current fiscal year.

CNH Industrial announced that its board has authorized a share repurchase program on Tuesday, January 30th that authorizes the company to buyback $700.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Several institutional investors have recently bought and sold shares of CNHI. Quadrant Capital Group LLC increased its position in shares of CNH Industrial by 4.3% during the second quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after acquiring an additional 415 shares during the period. Parametrica Management Ltd purchased a new stake in shares of CNH Industrial during the third quarter worth $126,000. FMR LLC increased its position in shares of CNH Industrial by 14.4% during the second quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after acquiring an additional 1,500 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of CNH Industrial during the second quarter worth $158,000. Finally, Virtu Financial LLC purchased a new stake in shares of CNH Industrial during the fourth quarter worth $195,000. 18.09% of the stock is currently owned by institutional investors and hedge funds.

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About CNH Industrial

CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.

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