Greenleaf Trust Sells 3,518 Shares of CNH Industrial (NYSE:CNHI)

Greenleaf Trust trimmed its stake in shares of CNH Industrial (NYSE:CNHI) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,447 shares of the company’s stock after selling 3,518 shares during the quarter. Greenleaf Trust’s holdings in CNH Industrial were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in CNHI. Harris Associates L P increased 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 in the last quarter. Vanguard Group Inc. increased its holdings in CNH Industrial by 38.9% in the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after purchasing an additional 14,348,475 shares in the last quarter. LSV Asset Management increased its holdings 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 worth $122,091,000 after purchasing an additional 9,891,840 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in CNH Industrial by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 6,188,035 shares of the company’s stock worth $74,875,000 after purchasing an additional 164,166 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in CNH Industrial in the third quarter worth approximately $45,390,000. 59.88% of the stock is currently owned by institutional investors.

CNH Industrial Stock Down 1.6 %

Shares of NYSE:CNHI opened at $11.40 on Thursday. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 6.51 and a beta of 1.65. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. CNH Industrial has a 12-month low of $9.77 and a 12-month high of $15.74. The business’s 50 day moving average is $12.36 and its 200 day moving average is $11.74.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The business had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.50 billion. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The business’s revenue was down 2.6% on a year-over-year basis. On average, sell-side analysts forecast that CNH Industrial will post 1.56 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. Shareholders of record on Monday, May 13th will be given a $0.47 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a yield of 3.71%. This is a boost from CNH Industrial’s previous annual dividend of $0.39.

Analyst Upgrades and Downgrades

CNHI has been the subject of a number of research analyst reports. Evercore ISI lifted their target price on CNH Industrial from $11.50 to $13.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. StockNews.com downgraded CNH Industrial from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Truist Financial initiated coverage on CNH Industrial in a report on Thursday, March 14th. They set a “buy” rating and a $18.00 price objective for the company. DA Davidson initiated coverage on CNH Industrial in a report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price objective for the company. Finally, Bank of America restated a “neutral” rating on shares of CNH Industrial in a report on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.20.

CNH Industrial Company Profile

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.