CNH Industrial NV (CNHI) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its holdings in shares of CNH Industrial NV (NYSE:CNHI) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 926,590 shares of the company’s stock after selling 151,239 shares during the quarter. Bank of America Corp DE owned about 0.07% of CNH Industrial worth $8,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNHI. TIAA CREF Investment Management LLC grew its holdings in shares of CNH Industrial by 25.2% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 9,684,902 shares of the company’s stock worth $116,316,000 after purchasing an additional 1,950,697 shares during the period. Barclays PLC grew its holdings in shares of CNH Industrial by 18.6% during the 4th quarter. Barclays PLC now owns 5,647,512 shares of the company’s stock worth $52,012,000 after purchasing an additional 885,520 shares during the period. Vanguard Group Inc grew its holdings in shares of CNH Industrial by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 28,126,354 shares of the company’s stock worth $337,798,000 after purchasing an additional 624,528 shares during the period. Vanguard Group Inc. grew its holdings in shares of CNH Industrial by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 28,126,354 shares of the company’s stock worth $337,798,000 after purchasing an additional 624,528 shares during the period. Finally, Two Sigma Investments LP grew its holdings in shares of CNH Industrial by 421.6% during the 4th quarter. Two Sigma Investments LP now owns 585,282 shares of the company’s stock worth $5,267,000 after purchasing an additional 473,067 shares during the period. Institutional investors and hedge funds own 18.81% of the company’s stock.

Shares of CNH Industrial stock opened at $11.13 on Tuesday. CNH Industrial NV has a 12 month low of $8.41 and a 12 month high of $13.02. The stock has a market cap of $14.97 billion, a P/E ratio of 13.91 and a beta of 1.11. The company has a debt-to-equity ratio of 4.82, a current ratio of 5.45 and a quick ratio of 4.31.

CNH Industrial (NYSE:CNHI) last announced its earnings results on Thursday, February 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. CNH Industrial had a return on equity of 23.69% and a net margin of 3.60%. The company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.31 billion. During the same period last year, the business posted $0.14 EPS. CNH Industrial’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities analysts expect that CNH Industrial NV will post 0.86 EPS for the current fiscal year.

A number of brokerages recently commented on CNHI. Zacks Investment Research cut CNH Industrial from a “hold” rating to a “sell” rating in a report on Monday, January 14th. OTR Global upgraded CNH Industrial to a “positive” rating in a report on Friday, January 18th. ValuEngine upgraded CNH Industrial from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, Deutsche Bank cut CNH Industrial from a “hold” rating to a “sell” rating and lowered their target price for the company from $12.00 to $8.00 in a report on Wednesday, January 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.92.

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About CNH Industrial

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: How Does the Quiet Period Work?

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

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