CNH Industrial NV (CNHI) Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its stake in CNH Industrial NV (NASDAQ:CNHI) by 57.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,136,461 shares of the company’s stock after selling 1,562,734 shares during the quarter. Citigroup Inc. owned about 0.08% of CNH Industrial NV worth $12,934,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CNHI. Ameriprise Financial Inc. lifted its stake in CNH Industrial NV by 1.6% in the 1st quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock worth $123,000 after purchasing an additional 199 shares in the last quarter. Ballentine Partners LLC purchased a new stake in CNH Industrial NV in the 2nd quarter worth $136,000. KCG Holdings Inc. purchased a new stake in CNH Industrial NV in the 1st quarter worth $162,000. First Trust Advisors LP lifted its stake in CNH Industrial NV by 8.4% in the 1st quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock worth $166,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in CNH Industrial NV in the 2nd quarter worth $167,000.

Several brokerages have commented on CNHI. TheStreet upgraded shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Zacks Investment Research downgraded shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub downgraded shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating and issued a $11.50 target price on shares of CNH Industrial NV in a report on Friday, July 14th. Finally, Bank of America Corporation upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. CNH Industrial NV has an average rating of “Hold” and an average price target of $11.26.

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Shares of CNH Industrial NV (NASDAQ CNHI) traded up 0.42% on Wednesday, reaching $12.00. 152,472 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $11.41 and a 200 day moving average of $10.93. CNH Industrial NV has a one year low of $6.93 and a one year high of $12.13. The firm has a market capitalization of $16.37 billion and a P/E ratio of 38.71.

CNH Industrial NV (NASDAQ:CNHI) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The firm had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. CNH Industrial NV’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts predict that CNH Industrial NV will post $0.45 EPS for the current year.

CNH Industrial NV declared that its board has authorized a share buyback program on Monday, June 5th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

CNH Industrial NV Profile

CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.

Institutional Ownership by Quarter for CNH Industrial NV (NASDAQ:CNHI)

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