Comerica Bank lowered its position in shares of CNH Industrial NV (NASDAQ:CNHI) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,348 shares of the company’s stock after selling 4,877 shares during the period. Comerica Bank’s holdings in CNH Industrial NV were worth $834,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of CNH Industrial NV by 1.6% during the first quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock valued at $123,000 after acquiring an additional 199 shares in the last quarter. KCG Holdings Inc. bought a new stake in CNH Industrial NV in the 1st quarter worth approximately $162,000. First Trust Advisors LP grew its position 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 during the period. Cigna Investments Inc. New bought a new stake in CNH Industrial NV in the 2nd quarter worth approximately $167,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in CNH Industrial NV in the 2nd quarter worth approximately $173,000.
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A number of research firms have commented on CNHI. Seaport Global Securities raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $11.00 to $14.00 in a research report on Thursday, July 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.50 target price on shares of CNH Industrial NV in a research report on Friday, July 14th. BidaskClub raised shares of CNH Industrial NV from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America Corporation raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Finally, Zacks Investment Research downgraded shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $11.26.
Shares of CNH Industrial NV (NASDAQ:CNHI) opened at 11.98 on Thursday. The company has a market cap of $16.34 billion and a P/E ratio of 38.65. CNH Industrial NV has a 52-week low of $6.93 and a 52-week high of $12.13. The firm has a 50-day moving average of $11.41 and a 200-day moving average of $10.93.
CNH Industrial NV (NASDAQ:CNHI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $6.95 billion for the quarter, compared to analyst estimates of $7.07 billion. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. Equities research analysts forecast that CNH Industrial NV will post $0.45 earnings per share for the current year.
CNH Industrial NV announced that its board has authorized a share buyback program on Monday, June 5th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
About CNH Industrial NV
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.
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