CNH Industrial (CNH) came out with quarterly earnings of $0.38 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.52 per share a year ago.
Natixis Advisors L.P. purchased a new position in shares of CNH Industrial (NYSE:CNHI – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,259 shares of the company’s stock, valued at approximately $221,000. Several other institutional investors and hedge funds have also made changes to their positions in the business. Arizona State Retirement System acquired a new position in CNH Industrial during the fourth quarter worth about $3,429,000. Daiwa Securities Group Inc. acquired a new position in shares of CNH Industrial during the 4th quarter worth approximately $822,000. Jump Financial LLC raised its position in shares of CNH Industrial by 40.3% during the 3rd quarter. Jump Financial LLC now owns 210,402 shares of the company’s stock worth $2,546,000 after purchasing an additional 60,398 shares during the last quarter. Vanguard Group Inc. lifted its stake in CNH Industrial by 38.9% in the 3rd quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock valued at $620,450,000 after buying an additional 14,348,475 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in CNH Industrial by 62.4% during the 4th quarter. Raymond James & Associates now owns 343,495 shares of the company’s stock valued at $4,184,000 after buying an additional 131,965 shares during the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors. CNH Industrial Trading Down 0.6 % Shares of CNHI opened at $11.45 on Monday. CNH Industrial has a one year low of $9.77 and a one year high of $15.74. The stock has a 50-day moving average price of $12.21 and a 200 day moving average price of $11.76. The company has a debt-to-equity ratio of 3.49, a quick ratio of 8.11 and a current ratio of 9.88. The company has a market capitalization of $14.40 billion, a P/E ratio of 6.70 and a beta of 1.66. CNH Industrial (NYSE:CNHI – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. CNH Industrial had a return on equity of 28.38% and a net margin of 9.48%. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the company posted $0.35 EPS. CNH Industrial’s quarterly revenue was down 9.8% on a year-over-year basis. Sell-side analysts forecast that CNH Industrial will post 1.51 EPS for the current fiscal year. CNH Industrial Increases Dividend The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.47 per share. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. This represents a yield of 3.71%. The ex-dividend date is Friday, May 10th. CNH Industrial’s dividend payout ratio (DPR) is currently 27.49%. Wall Street Analyst Weigh In A number of research firms have recently weighed in on CNHI. Oppenheimer reissued a “market perform” rating on shares of CNH Industrial in a report on Tuesday, April 16th. StockNews.com cut shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. DA Davidson started coverage on CNH Industrial in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price target on the stock. Robert W. Baird lifted their price objective on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. reduced their target price on CNH Industrial from $14.50 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.20. Get Our Latest Report on CNH Industrial CNH Industrial Profile (Free Report) 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. Read More Five stocks we like better than CNH Industrial What Does a Stock Split Mean? MarketBeat Week in Review – 5/13 – 5/17 Business Services Stocks Investing Take-Two Interactive Software Offers 2nd Chance for Investors Most Volatile Stocks, What Investors Need to Know Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding CNHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNH Industrial (NYSE:CNHI – Free Report).