Royal Bank of Canada Purchases 14,055 Shares of CNH Industrial N.V. (CNHI)

Royal Bank of Canada lifted its position in shares of CNH Industrial N.V. (NYSE:CNHI) by 58.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 37,906 shares of the company’s stock after acquiring an additional 14,055 shares during the period. Royal Bank of Canada’s holdings in CNH Industrial N.V. were worth $432,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. PDT Partners LLC bought a new position in shares of CNH Industrial N.V. during the second quarter worth about $5,714,000. QS Investors LLC grew its position in CNH Industrial N.V. by 31.0% in the 2nd quarter. QS Investors LLC now owns 47,559 shares of the company’s stock valued at $541,000 after buying an additional 11,255 shares in the last quarter. Stifel Financial Corp grew its position in CNH Industrial N.V. by 0.9% in the 2nd quarter. Stifel Financial Corp now owns 81,966 shares of the company’s stock valued at $933,000 after buying an additional 741 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in CNH Industrial N.V. by 28.5% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 94,648 shares of the company’s stock valued at $1,070,000 after buying an additional 20,976 shares in the last quarter. Finally, Virtu KCG Holdings LLC grew its position in CNH Industrial N.V. by 48.3% in the 2nd quarter. Virtu KCG Holdings LLC now owns 24,992 shares of the company’s stock valued at $284,000 after buying an additional 8,143 shares in the last quarter. Institutional investors and hedge funds own 19.55% of the company’s stock.

A number of equities analysts recently issued reports on CNHI shares. BidaskClub lowered shares of CNH Industrial N.V. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG reiterated a “hold” rating and issued a $12.81 target price (up previously from $10.87) on shares of CNH Industrial N.V. in a research report on Thursday, July 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 target price on shares of CNH Industrial N.V. in a research report on Friday, July 28th. TheStreet upgraded shares of CNH Industrial N.V. from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Finally, Zacks Investment Research lowered shares of CNH Industrial N.V. from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $11.51.

CNH Industrial N.V. (NYSE CNHI) opened at $12.91 on Wednesday. CNH Industrial N.V. has a 12-month low of $7.85 and a 12-month high of $13.37. The company has a debt-to-equity ratio of 5.73, a quick ratio of 4.18 and a current ratio of 5.42. The firm has a market cap of $17,536.89, a PE ratio of 26.79 and a beta of 0.86.

CNH Industrial N.V. (NYSE:CNHI) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. CNH Industrial N.V. had a net margin of 1.66% and a return on equity of 14.63%. The company had revenue of $6.63 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same quarter last year, the firm posted $0.05 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. sell-side analysts expect that CNH Industrial N.V. will post 0.47 earnings per share for the current year.

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CNH Industrial N.V. Company 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.

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

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