Jane Street Group LLC acquired a new stake in shares of CNH Industrial NV (NYSE:CNHI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 303,433 shares of the company’s stock, valued at approximately $4,066,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board boosted its holdings in shares of CNH Industrial by 39.2% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 101,632 shares of the company’s stock valued at $1,363,000 after acquiring an additional 28,622 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in CNH Industrial during the 4th quarter worth $818,000. Segantii Capital Management Ltd raised its position in CNH Industrial by 481.1% during the 4th quarter. Segantii Capital Management Ltd now owns 36,120 shares of the company’s stock worth $483,000 after purchasing an additional 29,904 shares during the last quarter. Schroder Investment Management Group raised its position in CNH Industrial by 7.0% during the 4th quarter. Schroder Investment Management Group now owns 1,372,613 shares of the company’s stock worth $15,332,000 after purchasing an additional 89,553 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in CNH Industrial by 61.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,120,610 shares of the company’s stock worth $25,363,000 after purchasing an additional 804,286 shares during the last quarter. 21.24% of the stock is currently owned by institutional investors.
CNH Industrial NV (CNHI) opened at $13.52 on Friday. CNH Industrial NV has a 12-month low of $9.36 and a 12-month high of $15.65. The company has a debt-to-equity ratio of 5.89, a current ratio of 5.42 and a quick ratio of 4.38. The firm has a market capitalization of $18,426.54, a PE ratio of 28.17 and a beta of 0.98.
CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. CNH Industrial had a return on equity of 14.58% and a net margin of 1.08%. The firm had revenue of $8.10 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same period last year, the company posted $0.14 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. research analysts predict that CNH Industrial NV will post 0.68 earnings per share for the current year.
CNH Industrial declared that its board has authorized a stock buyback program on Tuesday, January 30th that allows the company to repurchase $700.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
CNHI has been the subject of several analyst reports. Bank of America raised their target price on CNH Industrial from $15.00 to $17.00 in a research report on Monday, January 15th. UBS initiated coverage on CNH Industrial in a research report on Monday, January 8th. They set a “buy” rating and a $17.00 target price for the company. Deutsche Bank raised CNH Industrial from a “hold” rating to a “buy” rating and raised their target price for the stock from $12.81 to $16.00 in a research report on Thursday, January 4th. Seaport Global Securities reaffirmed a “buy” rating and set a $16.00 target price on shares of CNH Industrial in a research report on Wednesday, January 3rd. Finally, Citigroup raised CNH Industrial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.75 to $15.00 in a research report on Wednesday, November 29th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. CNH Industrial presently has an average rating of “Buy” and an average price target of $14.77.
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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