Hsbc Holdings PLC Lowers Position in CNH Industrial NV (CNHI)

Hsbc Holdings PLC reduced its position in CNH Industrial NV (NYSE:CNHI) by 54.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 436,447 shares of the company’s stock after selling 528,411 shares during the period. Hsbc Holdings PLC’s holdings in CNH Industrial were worth $4,020,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in CNH Industrial by 6.0% during the 3rd quarter. BlackRock Inc. now owns 1,561,960 shares of the company’s stock valued at $18,760,000 after buying an additional 88,564 shares in the last quarter. Vanguard Group Inc. grew its holdings in CNH Industrial by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 28,126,354 shares of the company’s stock valued at $337,798,000 after buying an additional 624,528 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in CNH Industrial during the 3rd quarter valued at about $913,000. Jane Street Group LLC grew its holdings in CNH Industrial by 298.6% during the 3rd quarter. Jane Street Group LLC now owns 547,434 shares of the company’s stock valued at $6,574,000 after buying an additional 410,106 shares in the last quarter. Finally, Quadrant Capital Group LLC purchased a new position in CNH Industrial during the 4th quarter valued at about $73,000. Institutional investors and hedge funds own 18.36% of the company’s stock.

Shares of NYSE CNHI opened at $10.60 on Friday. CNH Industrial NV has a 12 month low of $8.41 and a 12 month high of $13.66. The company has a quick ratio of 4.24, a current ratio of 5.45 and a debt-to-equity ratio of 4.82. The stock has a market cap of $14.35 billion, a PE ratio of 13.25 and a beta of 1.12.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.06. CNH Industrial had a return on equity of 23.69% and a net margin of 3.60%. The company had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.31 billion. During the same quarter in the previous year, the firm earned $0.14 earnings per share. CNH Industrial’s revenue was down .3% on a year-over-year basis. Sell-side analysts anticipate that CNH Industrial NV will post 0.86 EPS for the current year.

A number of research firms have weighed in on CNHI. Deutsche Bank lowered CNH Industrial from a “hold” rating to a “sell” rating and reduced their target price for the company from $12.00 to $8.00 in a report on Wednesday, January 9th. ValuEngine raised CNH Industrial from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. OTR Global raised CNH Industrial to a “positive” rating in a report on Friday, January 18th. Finally, Zacks Investment Research lowered CNH Industrial from a “hold” rating to a “sell” rating in a report on Monday, January 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. CNH Industrial presently has a consensus rating of “Hold” and a consensus price target of $13.08.

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About CNH Industrial

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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