Advisors Asset Management Inc. Acquires 8,707 Shares of CNH Industrial N.V. (CNHI)

Advisors Asset Management Inc. raised its holdings in shares of CNH Industrial N.V. (NYSE:CNHI) by 30.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,467 shares of the company’s stock after purchasing an additional 8,707 shares during the period. Advisors Asset Management Inc.’s holdings in CNH Industrial were worth $450,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of CNH Industrial by 9.8% during the second quarter. Vanguard Group Inc. now owns 24,176,853 shares of the company’s stock valued at $275,133,000 after acquiring an additional 2,164,105 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of CNH Industrial by 7.4% during the third quarter. Gamco Investors INC. ET AL now owns 10,098,387 shares of the company’s stock valued at $121,282,000 after acquiring an additional 698,600 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of CNH Industrial by 51.7% during the second quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock valued at $68,128,000 after acquiring an additional 2,040,505 shares during the period. Gabelli Funds LLC boosted its holdings in shares of CNH Industrial by 0.4% during the third quarter. Gabelli Funds LLC now owns 5,205,336 shares of the company’s stock valued at $62,516,000 after acquiring an additional 22,500 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of CNH Industrial by 8.2% during the second quarter. Renaissance Technologies LLC now owns 2,838,065 shares of the company’s stock valued at $32,166,000 after acquiring an additional 215,345 shares during the period. Hedge funds and other institutional investors own 18.18% of the company’s stock.

Several equities analysts have recently issued reports on CNHI shares. Zacks Investment Research downgraded shares of CNH Industrial from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub downgraded shares of CNH Industrial from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Deutsche Bank reissued a “buy” rating and set a $13.20 price target (up previously from $12.80) on shares of CNH Industrial in a report on Monday, October 9th. Evercore ISI raised shares of CNH Industrial from an “in-line” rating to an “outperform” rating in a report on Monday, November 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $13.40 price objective (up previously from $12.00) on shares of CNH Industrial in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. CNH Industrial presently has an average rating of “Hold” and a consensus target price of $12.51.

Shares of CNH Industrial N.V. (CNHI) opened at $13.05 on Wednesday. The firm has a market cap of $17,564.16, a PE ratio of 26.83 and a beta of 0.86. CNH Industrial N.V. has a 1-year low of $8.40 and a 1-year high of $13.37. The company has a debt-to-equity ratio of 5.73, a current ratio of 5.42 and a quick ratio of 4.18.

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

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CNH Industrial 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 (NYSE:CNHI)

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