CNH Industrial NV (NYSE:CNHI) Shares Bought by Bank of Italy

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Bank of Italy boosted its stake in shares of CNH Industrial NV (NYSE:CNHI) by 11.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,571,910 shares of the company’s stock after buying an additional 757,000 shares during the period. CNH Industrial accounts for 3.9% of Bank of Italy’s investment portfolio, making the stock its 6th largest position. Bank of Italy owned 0.56% of CNH Industrial worth $77,108,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in CNH Industrial during the 4th quarter worth about $40,707,000. ARGA Investment Management LP increased its holdings in CNH Industrial by 16,789.9% during the 1st quarter. ARGA Investment Management LP now owns 2,415,251 shares of the company’s stock worth $24,564,000 after purchasing an additional 2,400,951 shares during the period. TIAA CREF Investment Management LLC increased its holdings in CNH Industrial by 25.2% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 9,684,902 shares of the company’s stock worth $116,316,000 after purchasing an additional 1,950,697 shares during the period. Tocqueville Asset Management L.P. acquired a new position in shares of CNH Industrial during the 1st quarter worth about $13,134,000. Finally, Barclays PLC boosted its position in shares of CNH Industrial by 18.6% during the 4th quarter. Barclays PLC now owns 5,647,512 shares of the company’s stock worth $52,012,000 after acquiring an additional 885,520 shares in the last quarter. 21.02% of the stock is currently owned by institutional investors.

Several research analysts have recently issued reports on CNHI shares. ValuEngine raised CNH Industrial from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. TheStreet raised CNH Industrial from a “c” rating to a “b” rating in a research report on Wednesday, May 15th. Finally, Zacks Investment Research raised CNH Industrial from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.10.

Shares of NYSE CNHI traded up $0.16 during trading hours on Tuesday, reaching $9.42. The stock had a trading volume of 2,134,234 shares, compared to its average volume of 1,720,000. The company has a quick ratio of 4.03, a current ratio of 5.33 and a debt-to-equity ratio of 4.42. The stock has a market cap of $12.39 billion, a PE ratio of 11.84 and a beta of 1.27. CNH Industrial NV has a fifty-two week low of $8.41 and a fifty-two week high of $12.68.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The firm had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.76 billion. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. Sell-side analysts anticipate that CNH Industrial NV will post 0.87 earnings per share for the current year.

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CNH Industrial Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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

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