Schroder Investment Management Group Lowers Stake in CNH Industrial NV (CNHI)

Schroder Investment Management Group cut its position in shares of CNH Industrial NV (NYSE:CNHI) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,124,999 shares of the company’s stock after selling 19,807 shares during the period. Schroder Investment Management Group owned about 0.08% of CNH Industrial worth $11,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNHI. Artemis Investment Management LLP bought a new stake in shares of CNH Industrial during the third quarter valued at approximately $60,650,000. Janus Henderson Group PLC grew its position in CNH Industrial by 23.5% in the third quarter. Janus Henderson Group PLC now owns 13,763,342 shares of the company’s stock valued at $165,539,000 after acquiring an additional 2,618,527 shares during the period. Marshall Wace LLP bought a new stake in CNH Industrial in the second quarter valued at $14,283,000. Gamco Investors INC. ET AL grew its position in CNH Industrial by 10.7% in the third quarter. Gamco Investors INC. ET AL now owns 12,750,556 shares of the company’s stock valued at $153,134,000 after acquiring an additional 1,227,783 shares during the period. Finally, Millennium Management LLC grew its position in CNH Industrial by 756.1% in the second quarter. Millennium Management LLC now owns 1,042,228 shares of the company’s stock valued at $10,975,000 after acquiring an additional 920,488 shares during the period. Institutional investors and hedge funds own 18.80% of the company’s stock.

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

Shares of CNHI opened at $10.45 on Tuesday. 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 12-month low of $9.34 and a 12-month high of $15.65. The firm has a market cap of $13.22 billion, a PE ratio of 21.77 and a beta of 1.23.

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

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CNH Industrial 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.

Further Reading: What does cost of debt say about a company’s financial health?

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

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