Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Holdings in CNH Industrial N.V. $CNH

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 66.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 430,167 shares of the company’s stock after selling 850,953 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CNH Industrial were worth $3,996,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CNH. Quent Capital LLC purchased a new position in CNH Industrial during the third quarter worth approximately $27,000. Measured Wealth Private Client Group LLC purchased a new position in CNH Industrial during the third quarter worth approximately $29,000. Elevation Wealth Partners LLC purchased a new position in CNH Industrial during the fourth quarter worth approximately $31,000. Clearstead Advisors LLC boosted its position in CNH Industrial by 132.7% during the third quarter. Clearstead Advisors LLC now owns 3,374 shares of the company’s stock worth $37,000 after purchasing an additional 1,924 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in CNH Industrial during the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CNH has been the topic of a number of recent analyst reports. DA Davidson increased their price target on CNH Industrial from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Barclays increased their target price on CNH Industrial from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Wednesday, April 1st. Robert W. Baird increased their target price on CNH Industrial from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Oppenheimer increased their target price on CNH Industrial from $13.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Wall Street Zen raised CNH Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.88.

CNH Industrial Price Performance

Shares of CNH Industrial stock opened at $10.24 on Friday. The business has a 50 day simple moving average of $11.26 and a two-hundred day simple moving average of $10.62. CNH Industrial N.V. has a 12 month low of $9.00 and a 12 month high of $14.27. The stock has a market capitalization of $12.70 billion, a P/E ratio of 25.59, a PEG ratio of 1.50 and a beta of 1.26. The company has a debt-to-equity ratio of 3.44, a current ratio of 13.34 and a quick ratio of 11.36.

CNH Industrial (NYSE:CNH) last announced its earnings results on Saturday, February 14th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. CNH Industrial had a return on equity of 8.90% and a net margin of 2.82%.The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, analysts predict that CNH Industrial N.V. will post 0.41 EPS for the current fiscal year.

CNH Industrial Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a dividend yield of 89.0%. CNH Industrial’s dividend payout ratio is presently 25.00%.

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.