CNH Industrial NV (NYSE:CNHI) Stake Cut by Invesco Ltd.

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Invesco Ltd. cut its position in shares of CNH Industrial NV (NYSE:CNHI) by 32.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 475,226 shares of the company’s stock after selling 225,120 shares during the quarter. Invesco Ltd.’s holdings in CNH Industrial were worth $4,886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA increased its holdings in shares of CNH Industrial by 98.7% during the second quarter. Compagnie Lombard Odier SCmA now owns 5,962 shares of the company’s stock valued at $61,000 after purchasing an additional 2,962 shares during the period. Neuburgh Advisers LLC grew its holdings in CNH Industrial by 17.8% during the second quarter. Neuburgh Advisers LLC now owns 9,216 shares of the company’s stock worth $95,000 after acquiring an additional 1,392 shares during the period. Riverhead Capital Management LLC grew its holdings in CNH Industrial by 18.6% during the second quarter. Riverhead Capital Management LLC now owns 10,200 shares of the company’s stock worth $105,000 after acquiring an additional 1,600 shares during the period. Janney Montgomery Scott LLC acquired a new position in CNH Industrial during the second quarter worth about $125,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in CNH Industrial during the second quarter worth about $126,000. Hedge funds and other institutional investors own 20.02% of the company’s stock.

NYSE:CNHI opened at $10.73 on Friday. The company has a quick ratio of 4.01, a current ratio of 5.34 and a debt-to-equity ratio of 4.44. CNH Industrial NV has a 1-year low of $8.41 and a 1-year high of $11.99. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 13.41 and a beta of 1.35. The stock has a fifty day simple moving average of $10.25 and a 200 day simple moving average of $10.05.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. CNH Industrial had a return on equity of 22.56% and a net margin of 3.97%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.80 billion. During the same quarter last year, the company posted $0.28 EPS. CNH Industrial’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities analysts predict that CNH Industrial NV will post 0.85 earnings per share for the current year.

A number of research firms recently issued reports on CNHI. Deutsche Bank raised CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a report on Tuesday, June 18th. UBS Group lifted their target price on CNH Industrial from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Morgan Stanley raised CNH Industrial from an “equal weight” rating to an “overweight” rating in a report on Monday, August 19th. ValuEngine lowered CNH Industrial from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Stephens set a $10.00 target price on CNH Industrial and gave the stock a “hold” rating in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $11.70.

About CNH Industrial

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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