Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CNH Industrial NV (NYSE:CNHI) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 310,164 shares of the company’s stock after acquiring an additional 11,637 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CNH Industrial were worth $4,125,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CNHI. Vanguard Group Inc. increased its stake in shares of CNH Industrial by 9.8% in the second quarter. Vanguard Group Inc. now owns 24,176,853 shares of the company’s stock worth $275,133,000 after acquiring an additional 2,164,105 shares during the last quarter. FMR LLC increased its position in CNH Industrial by 14.4% during the second quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after buying an additional 1,500 shares during the last quarter. Virtu KCG Holdings LLC increased its position in CNH Industrial by 48.3% during the second quarter. Virtu KCG Holdings LLC now owns 24,992 shares of the company’s stock worth $284,000 after buying an additional 8,143 shares during the last quarter. Stifel Financial Corp increased its position in CNH Industrial by 0.9% during the second quarter. Stifel Financial Corp now owns 81,966 shares of the company’s stock worth $933,000 after buying an additional 741 shares during the last quarter. Finally, QS Investors LLC boosted its holdings in CNH Industrial by 31.0% during the second quarter. QS Investors LLC now owns 47,559 shares of the company’s stock valued at $541,000 after acquiring an additional 11,255 shares during the period. 18.09% of the stock is currently owned by institutional investors.
CNHI has been the subject of a number of recent analyst reports. BidaskClub cut shares of CNH Industrial from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 11th. Evercore ISI upgraded shares of CNH Industrial from an “in-line” rating to an “outperform” rating in a report on Monday, November 6th. Zacks Investment Research cut shares of CNH Industrial from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Stifel Nicolaus restated a “hold” rating and set a $13.40 price target (up from $12.00) on shares of CNH Industrial in a report on Monday, November 13th. Finally, Citigroup upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and increased their target price for the company from $13.75 to $15.00 in a research note on Wednesday, November 29th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $14.69.
CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The company had revenue of $8.10 billion during the quarter, compared to analyst estimates of $7.38 billion. CNH Industrial had a net margin of 1.08% and a return on equity of 14.58%. The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $0.14 earnings per share. equities research analysts forecast that CNH Industrial NV will post 0.68 EPS for the current year.
CNH Industrial announced that its board has authorized a stock buyback program on Tuesday, January 30th that permits the company to buyback $700.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
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CNH Industrial Profile
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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