Murphy Pohlad Asset Management LLC Trims Position in CNH Industrial N.V. $CNH

Murphy Pohlad Asset Management LLC decreased its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 69.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,550 shares of the company’s stock after selling 149,540 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in CNH Industrial were worth $700,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quent Capital LLC purchased a new position in shares of CNH Industrial in the 3rd quarter valued at approximately $27,000. Transamerica Financial Advisors LLC lifted its holdings in shares of CNH Industrial by 923.2% during the second quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock worth $47,000 after purchasing an additional 3,296 shares during the period. Advantage Trust Co purchased a new position in CNH Industrial in the 2nd quarter valued at $54,000. Headlands Technologies LLC acquired a new position in CNH Industrial in the 2nd quarter valued at $61,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in CNH Industrial during the 3rd quarter worth $68,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

Insider Buying and Selling

In other CNH Industrial news, Director Howard W. Buffett purchased 4,100 shares of the stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average cost of $10.29 per share, for a total transaction of $42,189.00. Following the completion of the transaction, the director directly owned 33,403 shares of the company’s stock, valued at $343,716.87. This trade represents a 13.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Suzanne Heywood acquired 52,522 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $9.52 per share, with a total value of $500,009.44. Following the completion of the transaction, the director directly owned 619,427 shares in the company, valued at approximately $5,896,945.04. The trade was a 9.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 73,007 shares of company stock worth $700,182 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CNH shares. Cfra reaffirmed a “hold” rating and issued a $11.00 target price on shares of CNH Industrial in a report on Monday, November 10th. UBS Group dropped their target price on CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. iA Financial set a $13.00 target price on CNH Industrial in a research note on Wednesday, January 14th. Weiss Ratings restated a “sell (d+)” rating on shares of CNH Industrial in a research note on Monday, December 29th. Finally, Citigroup upped their price objective on CNH Industrial from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CNH Industrial has a consensus rating of “Hold” and an average target price of $12.97.

CNH Industrial Stock Performance

CNH opened at $12.40 on Friday. CNH Industrial N.V. has a 1-year low of $9.00 and a 1-year high of $14.27. The stock has a market cap of $15.46 billion, a P/E ratio of 26.38 and a beta of 1.29. The stock’s 50 day simple moving average is $10.15 and its 200 day simple moving average is $10.79. The company has a debt-to-equity ratio of 3.49, a current ratio of 13.01 and a quick ratio of 10.82.

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

About CNH Industrial

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.