Aviva PLC Raises Holdings in CNH Industrial NV (CNHI)

Aviva PLC raised its stake in CNH Industrial NV (NYSE:CNHI) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 770,107 shares of the company’s stock after acquiring an additional 37,353 shares during the period. Aviva PLC’s holdings in CNH Industrial were worth $9,257,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. boosted its stake in CNH Industrial by 24.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,294 shares of the company’s stock valued at $248,000 after acquiring an additional 4,623 shares during the period. Greenleaf Trust boosted its stake in CNH Industrial by 34.6% in the third quarter. Greenleaf Trust now owns 19,290 shares of the company’s stock valued at $232,000 after acquiring an additional 4,962 shares during the period. First Trust Advisors LP boosted its stake in CNH Industrial by 31.9% in the second quarter. First Trust Advisors LP now owns 23,426 shares of the company’s stock valued at $247,000 after acquiring an additional 5,671 shares during the period. HPM Partners LLC boosted its stake in CNH Industrial by 72.1% in the second quarter. HPM Partners LLC now owns 17,955 shares of the company’s stock valued at $189,000 after acquiring an additional 7,520 shares during the period. Finally, GAM Holding AG boosted its stake in CNH Industrial by 0.9% in the second quarter. GAM Holding AG now owns 894,275 shares of the company’s stock valued at $9,417,000 after acquiring an additional 8,261 shares during the period. Institutional investors own 18.80% of the company’s stock.

A number of equities analysts have commented on CNHI shares. TheStreet upgraded CNH Industrial from a “d+” rating to a “c” rating in a research note on Friday, August 17th. Deutsche Bank started coverage on CNH Industrial in a research note on Wednesday, September 5th. They issued a “hold” rating and a $158.00 target price for the company. ValuEngine downgraded CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Zacks Investment Research downgraded CNH Industrial from a “buy” rating to a “hold” rating in a research note on Monday, October 1st. Finally, Bank of America cut CNH Industrial from a “buy” rating to a “neutral” rating and cut their price target for the company from $14.00 to $12.50 in a report on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.22.

CNHI opened at $10.45 on Tuesday. The company has a market cap of $13.22 billion, a PE ratio of 21.77 and a beta of 1.23. The company has a current ratio of 5.51, a quick ratio of 4.21 and a debt-to-equity ratio of 5.06. CNH Industrial NV has a twelve month low of $9.34 and a twelve month high of $15.65.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The company had revenue of $6.69 billion for the quarter, compared to analysts’ expectations of $7.04 billion. CNH Industrial had a return on equity of 22.36% and a net margin of 2.59%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, analysts anticipate that CNH Industrial NV will post 0.73 earnings per share for the current year.

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CNH Industrial Company Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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Institutional Ownership by Quarter for CNH Industrial (NYSE:CNHI)

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