Allianz Asset Management GmbH Acquires 70,104 Shares of CNH Industrial N.V. $CNH

Allianz Asset Management GmbH boosted its holdings in CNH Industrial N.V. (NYSE:CNH) by 3.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,893,103 shares of the company’s stock after acquiring an additional 70,104 shares during the quarter. Allianz Asset Management GmbH’s holdings in CNH Industrial were worth $20,540,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of CNH Industrial in the 3rd quarter valued at $27,000. Transamerica Financial Advisors LLC increased its holdings in CNH Industrial by 923.2% in the second quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock valued at $47,000 after purchasing an additional 3,296 shares during the last quarter. Advantage Trust Co bought a new stake in CNH Industrial in the second quarter valued at about $54,000. Headlands Technologies LLC acquired a new position in CNH Industrial in the second quarter valued at about $61,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in CNH Industrial during the third quarter worth about $68,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

Insider Activity

In other news, Director Suzanne Heywood bought 52,522 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of $9.52 per share, for a total transaction of $500,009.44. Following the purchase, the director owned 619,427 shares of the company’s stock, valued at approximately $5,896,945.04. The trade was a 9.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vagn O. Sorensen purchased 10,385 shares of CNH Industrial stock in a transaction on Tuesday, November 11th. The shares were purchased at an average cost of $9.62 per share, with a total value of $99,903.70. Following the transaction, the director owned 40,396 shares in the company, valued at approximately $388,609.52. The trade was a 34.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 73,007 shares of company stock worth $700,182 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CNH has been the subject of a number of recent analyst reports. DA Davidson lowered their price target on CNH Industrial from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Barclays lowered their target price on shares of CNH Industrial from $14.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, December 22nd. Wall Street Zen raised shares of CNH Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. iA Financial set a $13.00 price objective on shares of CNH Industrial in a research report on Wednesday, January 14th. Finally, UBS Group dropped their price objective on CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.97.

CNH Industrial Trading Up 3.9%

Shares of NYSE:CNH opened at $12.40 on Friday. CNH Industrial N.V. has a 12 month low of $9.00 and a 12 month high of $14.27. The company has a quick ratio of 10.82, a current ratio of 13.01 and a debt-to-equity ratio of 3.49. The company’s fifty day simple moving average is $10.15 and its 200 day simple moving average is $10.79. The firm has a market cap of $15.46 billion, a price-to-earnings ratio of 26.38 and a beta of 1.29.

CNH Industrial (NYSE:CNH) last announced its earnings results on Friday, November 7th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.22 billion. CNH Industrial had a return on equity of 8.32% and a net margin of 3.35%.CNH Industrial’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. As a group, research analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

CNH Industrial Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.