CNH Industrial (NYSE:CNH) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of CNH Industrial (NYSE:CNH) from a hold rating to a sell rating in a research report released on Sunday morning.

CNH has been the subject of a number of other reports. Citigroup increased their price target on CNH Industrial from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Cfra reaffirmed a “hold” rating and set a $11.00 target price on shares of CNH Industrial in a research note on Monday, November 10th. JPMorgan Chase & Co. lowered CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 target price on the stock. in a report on Friday, November 28th. Truist Financial set a $12.00 price target on shares of CNH Industrial in a report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CNH Industrial in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CNH Industrial presently has an average rating of “Hold” and an average target price of $12.97.

CNH Industrial Stock Performance

Shares of CNH opened at $12.40 on Friday. The firm has a market capitalization of $15.46 billion, a PE ratio of 26.38 and a beta of 1.29. The company has a quick ratio of 10.82, a current ratio of 13.01 and a debt-to-equity ratio of 3.49. The firm has a 50-day moving average price of $10.27 and a 200 day moving average price of $10.74. CNH Industrial has a 52-week low of $9.00 and a 52-week high of $14.27.

Insiders Place Their Bets

In other CNH Industrial news, Director Suzanne Heywood bought 52,522 shares of the stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of $9.52 per share, with a total value of $500,009.44. Following the purchase, the director directly owned 619,427 shares in the company, valued at $5,896,945.04. The trade was a 9.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On CNH Industrial

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNH. Benjamin Edwards Inc. lifted its position in CNH Industrial by 9.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 11,894 shares of the company’s stock worth $129,000 after acquiring an additional 1,006 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of CNH Industrial by 0.6% in the second quarter. Daiwa Securities Group Inc. now owns 180,900 shares of the company’s stock worth $2,344,000 after purchasing an additional 1,100 shares during the period. MAI Capital Management lifted its position in shares of CNH Industrial by 17.0% during the 2nd quarter. MAI Capital Management now owns 7,796 shares of the company’s stock worth $101,000 after purchasing an additional 1,133 shares during the last quarter. ProShare Advisors LLC boosted its stake in CNH Industrial by 2.6% during the 4th quarter. ProShare Advisors LLC now owns 47,074 shares of the company’s stock valued at $434,000 after purchasing an additional 1,187 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in CNH Industrial by 0.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 247,200 shares of the company’s stock valued at $2,682,000 after buying an additional 1,200 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

About CNH Industrial

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.