Xponance Inc. Boosts Stock Holdings in CNH Industrial (NYSE:CNHI)

Xponance Inc. boosted its holdings in shares of CNH Industrial (NYSE:CNHI) by 34.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,415 shares of the company’s stock after acquiring an additional 11,912 shares during the quarter. Xponance Inc.’s holdings in CNH Industrial were worth $565,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of CNH Industrial by 38.9% during 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. Harris Associates L P boosted its position in CNH Industrial by 9.2% in the 3rd quarter. Harris Associates L P now owns 123,079,130 shares of the company’s stock valued at $1,501,638,000 after buying an additional 10,322,578 shares during the period. LSV Asset Management grew its stake in shares of 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 acquiring an additional 9,891,840 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of CNH Industrial during the third quarter worth $45,390,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of CNH Industrial by 1,524.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,402,241 shares of the company’s stock valued at $29,067,000 after acquiring an additional 2,254,403 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CNHI shares. Robert W. Baird increased their price target on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Oppenheimer reiterated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, April 16th. Bank of America reissued a “neutral” rating on shares of CNH Industrial in a research report on Monday, April 22nd. Morgan Stanley started coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set an “equal weight” rating and a $12.70 price objective for the company. Finally, Truist Financial assumed coverage on CNH Industrial in a report on Thursday, March 14th. They issued a “buy” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, CNH Industrial has an average rating of “Hold” and an average target price of $15.20.

CNH Industrial Price Performance

Shares of NYSE CNHI opened at $11.40 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32. CNH Industrial has a one year low of $9.77 and a one year high of $15.74. The firm has a market capitalization of $14.32 billion, a P/E ratio of 6.51 and a beta of 1.65. The company’s fifty day moving average is $12.32 and its two-hundred day moving average is $11.74.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.50 billion. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. Analysts forecast that CNH Industrial will post 1.56 EPS for the current fiscal year.

CNH Industrial Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be issued a $0.47 dividend. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. The ex-dividend date is Friday, May 10th. This represents a yield of 3.71%.

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.