Nuance Investments LLC Has $6.87 Million Holdings in CNH Industrial N.V. $CNH

Nuance Investments LLC increased its position in CNH Industrial N.V. (NYSE:CNH) by 11.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 633,272 shares of the company’s stock after buying an additional 62,507 shares during the period. Nuance Investments LLC’s holdings in CNH Industrial were worth $6,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CNH. Blume Capital Management Inc. grew its position in shares of CNH Industrial by 7.9% in the third quarter. Blume Capital Management Inc. now owns 481,995 shares of the company’s stock valued at $5,230,000 after purchasing an additional 35,355 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in CNH Industrial by 77.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 4,036 shares of the company’s stock valued at $44,000 after purchasing an additional 1,763 shares during the period. State of Michigan Retirement System grew its holdings in CNH Industrial by 0.5% in the 3rd quarter. State of Michigan Retirement System now owns 246,300 shares of the company’s stock valued at $2,672,000 after buying an additional 1,200 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in CNH Industrial by 21.2% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 222,699 shares of the company’s stock worth $2,416,000 after buying an additional 38,911 shares during the period. Finally, Machina Capital S.A.S. lifted its holdings in shares of CNH Industrial by 7.3% during the third quarter. Machina Capital S.A.S. now owns 125,795 shares of the company’s stock worth $1,365,000 after buying an additional 8,610 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Vagn O. Sorensen bought 10,385 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average price of $9.62 per share, for a total transaction of $99,903.70. Following the transaction, the director directly owned 40,396 shares of the company’s stock, valued at $388,609.52. This represents a 34.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Suzanne Heywood purchased 52,522 shares of the stock in a transaction on Tuesday, November 18th. The stock was bought at an average price of $9.52 per share, for a total transaction of $500,009.44. Following the completion of the transaction, the director directly owned 619,427 shares of the company’s stock, valued at approximately $5,896,945.04. This trade represents a 9.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 73,007 shares of company stock worth $700,182 in the last 90 days. 0.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CNH has been the topic of several research analyst reports. iA Financial set a $13.00 price objective on shares of 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 report on Monday, December 29th. Wall Street Zen lowered shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Sunday. Raymond James Financial decreased their target price on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Finally, Citigroup upped their price target on CNH Industrial from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.97.

CNH Industrial Price Performance

Shares of CNH Industrial stock opened at $12.40 on Monday. The firm has a market cap of $15.46 billion, a P/E ratio of 26.38 and a beta of 1.29. The firm’s 50-day simple moving average is $10.15 and its 200-day simple moving average is $10.75. CNH Industrial N.V. has a twelve month low of $9.00 and a twelve month high of $14.27. The company has a debt-to-equity ratio of 3.49, a quick ratio of 10.82 and a current ratio of 13.01.

CNH Industrial (NYSE:CNH) last released its quarterly earnings data 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). CNH Industrial had a net margin of 3.35% and a return on equity of 8.32%. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, research analysts expect 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.