CNH Industrial (NYSE:CNHI) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in shares of CNH Industrial (NYSE:CNHI) by 60.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,804 shares of the company’s stock after selling 85,127 shares during the period. Vontobel Holding Ltd.’s holdings in CNH Industrial were worth $670,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Alta Advisers Ltd acquired a new position in shares of CNH Industrial during the third quarter worth $40,000. BKM Wealth Management LLC purchased a new position in CNH Industrial in the 4th quarter valued at about $49,000. CWM LLC grew its stake in shares of CNH Industrial by 29.3% during the third quarter. CWM LLC now owns 5,383 shares of the company’s stock valued at $65,000 after acquiring an additional 1,220 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of CNH Industrial during the fourth quarter valued at about $122,000. Finally, Covestor Ltd purchased a new stake in shares of CNH Industrial during the third quarter worth about $125,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH Industrial Stock Down 6.3 %

CNHI stock opened at $11.54 on Tuesday. The firm’s 50-day moving average is $12.39 and its two-hundred day moving average is $11.75. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 6.59 and a beta of 1.65. CNH Industrial has a 52 week low of $9.77 and a 52 week high of $15.74. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34.

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

CNH Industrial Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, May 10th. This represents a yield of 3.71%. This is a boost from CNH Industrial’s previous annual dividend of $0.39.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CNHI. Oppenheimer restated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, April 16th. StockNews.com lowered shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Bank of America reiterated a “neutral” rating on shares of CNH Industrial in a research note on Monday. The Goldman Sachs Group raised CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, January 17th. Finally, Truist Financial started coverage on shares of CNH Industrial in a research note on Thursday, March 14th. They set a “buy” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, CNH Industrial presently has a consensus rating of “Hold” and a consensus price target of $15.20.

CNH Industrial Company 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.