Millennium Management LLC boosted its position in shares of CNH Industrial NV (NYSE:CNHI) by 2,144.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,264,119 shares of the company’s stock after buying an additional 2,163,258 shares during the period. Millennium Management LLC owned 0.17% of CNH Industrial worth $22,980,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in CNHI. Barclays PLC lifted its position in shares of CNH Industrial by 84.8% in the third quarter. Barclays PLC now owns 9,210,894 shares of the company’s stock valued at $93,491,000 after acquiring an additional 4,227,266 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in CNH Industrial by 12.9% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 18,958,280 shares of the company’s stock valued at $194,891,000 after purchasing an additional 2,171,494 shares in the last quarter. Phoenix Holdings Ltd. acquired a new stake in CNH Industrial during the 3rd quarter worth $20,321,000. Bank of Italy grew its holdings in shares of CNH Industrial by 19.5% during the second quarter. Bank of Italy now owns 9,049,841 shares of the company’s stock worth $92,874,000 after buying an additional 1,477,931 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of CNH Industrial by 80.0% during the second quarter. Bank of America Corp DE now owns 2,586,301 shares of the company’s stock worth $26,588,000 after buying an additional 1,149,391 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.
Shares of CNH Industrial stock opened at $10.57 on Tuesday. CNH Industrial NV has a one year low of $8.41 and a one year high of $11.99. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 13.21 and a beta of 1.36. The company has a debt-to-equity ratio of 3.90, a quick ratio of 4.46 and a current ratio of 6.03. The business’s 50 day moving average price is $10.99 and its 200 day moving average price is $10.14.
CNH Industrial (NYSE:CNHI) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a return on equity of 21.02% and a net margin of 5.46%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. On average, analysts predict that CNH Industrial NV will post 0.85 EPS for the current fiscal year.
Several equities analysts have recently weighed in on CNHI shares. Stephens set a $10.00 price target on shares of CNH Industrial and gave the stock a “hold” rating in a research note on Thursday, August 29th. UBS Group boosted their price target on shares of CNH Industrial from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. ValuEngine cut shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Finally, Morgan Stanley upgraded shares of CNH Industrial from an “equal weight” rating to an “overweight” rating in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.50.
CNH Industrial 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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