Kraft Davis & Associates LLC Takes $465,000 Position in CNH Industrial (NYSE:CNHI)

Kraft Davis & Associates LLC bought a new position in shares of CNH Industrial (NYSE:CNHI) during the fourth quarter, Holdings Channel.com reports. The fund bought 38,896 shares of the company’s stock, valued at approximately $465,000.

A number of other large investors have also added to or reduced their stakes in the business. Raymond James & Associates lifted its holdings in shares of CNH Industrial by 156.2% in the first quarter. Raymond James & Associates now owns 161,166 shares of the company’s stock worth $2,556,000 after acquiring an additional 98,266 shares during the last quarter. BlackRock Inc. boosted its position in CNH Industrial by 113.2% in the first quarter. BlackRock Inc. now owns 4,073,190 shares of the company’s stock valued at $64,601,000 after buying an additional 2,162,593 shares in the last quarter. Sei Investments Co. bought a new stake in shares of CNH Industrial during the first quarter worth $7,668,000. Canada Pension Plan Investment Board lifted its stake in shares of CNH Industrial by 0.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 703,293 shares of the company’s stock valued at $11,264,000 after acquiring an additional 5,669 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of CNH Industrial by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 33,478,435 shares of the company’s stock valued at $530,969,000 after acquiring an additional 577,993 shares in the last quarter. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Trading Down 0.7 %

Shares of CNH Industrial stock traded down $0.09 on Friday, hitting $12.31. 6,883,375 shares of the company’s stock traded hands, compared to its average volume of 11,703,841. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 7.03 and a beta of 1.65. The company has a fifty day moving average of $12.39 and a two-hundred day moving average of $11.74. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. CNH Industrial has a one year low of $9.77 and a one year high of $15.74.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.50 billion. During the same quarter last year, the firm posted $0.36 EPS. The company’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, sell-side analysts expect that CNH Industrial will post 1.56 earnings per share for the current year.

CNH Industrial Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.47 per share. The ex-dividend date is Friday, May 10th. This represents a dividend yield of 3.71%. This is a positive change from CNH Industrial’s previous annual dividend of $0.39.

Analysts Set New Price Targets

CNHI has been the topic of several research reports. Oppenheimer restated a “market perform” rating on shares of CNH Industrial in a report on Tuesday. Evercore ISI raised their price target on shares of CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. DA Davidson initiated coverage on shares of CNH Industrial in a report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price target on the stock. Robert W. Baird increased their price objective on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Morgan Stanley started coverage on CNH Industrial in a report on Monday, January 8th. They set an “equal weight” rating and a $12.70 target price on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, CNH Industrial has an average rating of “Hold” and an average price target of $15.20.

CNH Industrial Profile

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.