HPM Partners LLC Acquires 7,520 Shares of CNH Industrial NV (CNHI)

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HPM Partners LLC raised its position in CNH Industrial NV (NYSE:CNHI) by 72.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,955 shares of the company’s stock after purchasing an additional 7,520 shares during the quarter. HPM Partners LLC’s holdings in CNH Industrial were worth $189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CNHI. Amundi Pioneer Asset Management Inc. increased its position in shares of CNH Industrial by 68.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 16,985,512 shares of the company’s stock worth $210,620,000 after acquiring an additional 6,878,364 shares during the period. JPMorgan Chase & Co. increased its position in shares of CNH Industrial by 308.6% during the first quarter. JPMorgan Chase & Co. now owns 6,749,007 shares of the company’s stock worth $83,688,000 after acquiring an additional 5,097,463 shares during the period. Barclays PLC increased its position in shares of CNH Industrial by 175.3% during the first quarter. Barclays PLC now owns 5,157,473 shares of the company’s stock worth $63,953,000 after acquiring an additional 3,284,120 shares during the period. FIL Ltd purchased a new stake in shares of CNH Industrial during the first quarter worth $27,306,000. Finally, Marshall Wace LLP purchased a new stake in shares of CNH Industrial during the second quarter worth $14,283,000. 18.89% of the stock is currently owned by institutional investors.

Shares of CNHI stock remained flat at $$11.15 on Friday. 1,291,710 shares of the company were exchanged, compared to its average volume of 1,823,448. The company has a current ratio of 5.06, a quick ratio of 3.92 and a debt-to-equity ratio of 5.32. CNH Industrial NV has a 12-month low of $10.09 and a 12-month high of $15.65. The firm has a market capitalization of $16.37 billion, a P/E ratio of 23.23 and a beta of 1.06.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings data on Thursday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07. CNH Industrial had a net margin of 2.03% and a return on equity of 20.95%. The company had revenue of $8.05 billion during the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter in the prior year, the firm posted $0.19 earnings per share. CNH Industrial’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities analysts expect that CNH Industrial NV will post 0.73 earnings per share for the current fiscal year.

CNHI has been the topic of a number of recent research reports. ValuEngine lowered CNH Industrial from a “hold” rating to a “sell” rating in a research report on Monday, June 18th. Zacks Investment Research downgraded shares of CNH Industrial from a “hold” rating to a “strong sell” rating in a research note on Monday, July 16th. Seaport Global Securities reiterated a “buy” rating and set a $15.00 target price on shares of CNH Industrial in a research note on Monday, July 23rd. Stifel Nicolaus lowered their target price on shares of CNH Industrial from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Monday, July 30th. Finally, Bank of America lowered their target price on shares of CNH Industrial from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, July 30th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. CNH Industrial has a consensus rating of “Hold” and an average price target of $28.85.

CNH Industrial Company 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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