CNH Industrial (NYSE:CNHI) Shares Purchased by QS Investors LLC

QS Investors LLC raised its stake in CNH Industrial (NYSE:CNHI) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 192,084 shares of the company’s stock after acquiring an additional 5,269 shares during the quarter. QS Investors LLC’s holdings in CNH Industrial were worth $3,212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its holdings in shares of CNH Industrial by 6.5% in the first quarter. Rockefeller Capital Management L.P. now owns 19,019 shares of the company’s stock worth $296,000 after acquiring an additional 1,166 shares during the last quarter. Public Sector Pension Investment Board increased its stake in CNH Industrial by 0.3% in the second quarter. Public Sector Pension Investment Board now owns 481,044 shares of the company’s stock valued at $7,944,000 after purchasing an additional 1,538 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in CNH Industrial by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 493,361 shares of the company’s stock valued at $8,210,000 after purchasing an additional 1,797 shares during the last quarter. TD Asset Management Inc. increased its stake in CNH Industrial by 0.8% in the first quarter. TD Asset Management Inc. now owns 238,077 shares of the company’s stock valued at $3,692,000 after purchasing an additional 1,815 shares during the last quarter. Finally, Anfield Capital Management LLC acquired a new position in CNH Industrial in the second quarter valued at $35,000. 34.98% of the stock is owned by institutional investors.

CNHI stock opened at $16.14 on Thursday. The stock has a 50-day moving average price of $16.62 and a two-hundred day moving average price of $16.44. CNH Industrial has a 12-month low of $7.61 and a 12-month high of $18.49. The company has a current ratio of 4.97, a quick ratio of 3.92 and a debt-to-equity ratio of 4.07. The company has a market cap of $21.85 billion, a PE ratio of 70.17 and a beta of 1.72.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Friday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.15. CNH Industrial had a return on equity of 29.43% and a net margin of 1.02%. The firm had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $7.73 billion. During the same quarter in the previous year, the business earned ($0.07) earnings per share. The firm’s quarterly revenue was up 59.8% compared to the same quarter last year. Equities analysts forecast that CNH Industrial will post 1.32 EPS for the current fiscal year.

Several research firms recently commented on CNHI. Oppenheimer reiterated a “hold” rating on shares of CNH Industrial in a research note on Monday, June 21st. Zacks Investment Research lowered CNH Industrial from a “strong-buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research note on Friday, July 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, CNH Industrial has a consensus rating of “Hold” and a consensus target price of $17.57.

CNH Industrial Company Profile

CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.

Featured Story: Short Selling Stocks, A Beginner’s Guide

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).

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

Receive News & Ratings for CNH Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial and related companies with MarketBeat.com's FREE daily email newsletter.