Desjardins Global Asset Management Inc. Invests $55,000 in CNH Industrial (NYSE:CNHI)

Desjardins Global Asset Management Inc. bought a new position in CNH Industrial (NYSE:CNHI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,538 shares of the company’s stock, valued at approximately $55,000.

A number of other hedge funds have also modified their holdings of the stock. Point72 Middle East FZE raised its holdings in shares of CNH Industrial by 1.5% in the 2nd quarter. Point72 Middle East FZE now owns 75,291 shares of the company’s stock worth $1,084,000 after buying an additional 1,148 shares in the last quarter. CWM LLC raised its holdings in shares of CNH Industrial by 29.3% in the 3rd quarter. CWM LLC now owns 5,383 shares of the company’s stock worth $65,000 after buying an additional 1,220 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of CNH Industrial by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company’s stock worth $4,458,000 after buying an additional 1,223 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in shares of CNH Industrial by 12.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 11,282 shares of the company’s stock worth $137,000 after buying an additional 1,280 shares in the last quarter. Finally, Cerity Partners LLC grew its position in CNH Industrial by 4.8% during the 2nd quarter. Cerity Partners LLC now owns 30,197 shares of the company’s stock worth $435,000 after acquiring an additional 1,373 shares during the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNHI has been the topic of a number of research analyst reports. DA Davidson initiated coverage on CNH Industrial in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price target on the stock. Oppenheimer restated a “market perform” rating on shares of CNH Industrial in a research report on Tuesday. Evercore ISI increased their price target on CNH Industrial from $11.50 to $13.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. StockNews.com lowered CNH Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley initiated coverage on CNH Industrial in a research report on Monday, January 8th. They set an “equal weight” rating and a $12.70 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, CNH Industrial currently has a consensus rating of “Hold” and a consensus target price of $15.20.

CNH Industrial Stock Performance

CNHI stock opened at $12.31 on Friday. The business’s fifty day moving average is $12.39 and its 200-day moving average is $11.74. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The company has a market cap of $15.46 billion, a P/E ratio of 7.03 and a beta of 1.65. CNH Industrial has a twelve month low of $9.77 and a twelve month high of $15.74.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.50 billion. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS. Equities research analysts forecast that CNH Industrial will post 1.56 EPS for the current year.

CNH Industrial Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be paid a dividend of $0.47 per share. This represents a yield of 3.71%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from CNH Industrial’s previous annual dividend of $0.39.

CNH Industrial Profile

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.