CNH Industrial Sees Unusually Large Options Volume (CNHI)

CNH Industrial NV (NYSE:CNHI) saw unusually large options trading on Monday. Stock traders bought 916 call options on the company. This is an increase of approximately 1,479% compared to the average volume of 58 call options.

Large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC increased its position in shares of CNH Industrial by 4.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after purchasing an additional 415 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of CNH Industrial during the 3rd quarter worth approximately $126,000. FMR LLC increased its position in shares of CNH Industrial by 14.4% during the 2nd quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after purchasing an additional 1,500 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of CNH Industrial during the 2nd quarter worth approximately $136,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of CNH Industrial during the 2nd quarter worth approximately $158,000. 18.18% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the company. Barclays assumed coverage on CNH Industrial in a research report on Tuesday, December 12th. They set an “overweight” rating and a $15.00 price target on the stock. BidaskClub lowered CNH Industrial from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised CNH Industrial from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, October 10th. Citigroup raised CNH Industrial from a “neutral” rating to a “buy” rating and lifted their target price for the company from $13.75 to $15.00 in a research report on Wednesday, November 29th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $13.40 target price (up previously from $12.00) on shares of CNH Industrial in a research report on Monday, November 13th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $13.37.

Shares of CNH Industrial (CNHI) opened at $13.55 on Friday. CNH Industrial has a 1 year low of $8.54 and a 1 year high of $13.56. The stock has a market capitalization of $18,286.91, a P/E ratio of 42.35 and a beta of 0.86. The company has a debt-to-equity ratio of 5.73, a current ratio of 5.42 and a quick ratio of 4.18.

CNH Industrial (NYSE:CNHI) last announced its earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. CNH Industrial had a return on equity of 14.63% and a net margin of 1.66%. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter last year, the firm earned $0.05 EPS. CNH Industrial’s revenue for the quarter was up 15.3% compared to the same quarter last year. equities analysts expect that CNH Industrial will post 0.47 earnings per share for the current year.

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About CNH Industrial

CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.

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