First Horizon Advisors Inc. bought a new position in shares of CNH Industrial (NYSE:CNHI) during the 1st quarter, HoldingsChannel.com reports. The fund bought 7,192 shares of the company’s stock, valued at approximately $112,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Liberty Wealth Management LLC bought a new position in CNH Industrial during the fourth quarter worth $33,000. Bessemer Group Inc. bought a new position in CNH Industrial during the fourth quarter worth $63,000. Signaturefd LLC boosted its stake in CNH Industrial by 67.4% during the fourth quarter. Signaturefd LLC now owns 6,373 shares of the company’s stock worth $82,000 after acquiring an additional 2,566 shares in the last quarter. Capital Asset Advisory Services LLC bought a new position in CNH Industrial during the fourth quarter worth $84,000. Finally, NEXT Financial Group Inc bought a new position in CNH Industrial during the fourth quarter worth $114,000. 36.69% of the stock is currently owned by institutional investors and hedge funds.
CNHI opened at $17.46 on Friday. CNH Industrial has a fifty-two week low of $6.50 and a fifty-two week high of $18.49. The firm’s 50-day moving average price is $16.33. The company has a debt-to-equity ratio of 4.36, a current ratio of 5.12 and a quick ratio of 4.05. The company has a market capitalization of $23.64 billion, a price-to-earnings ratio of -873.00 and a beta of 1.72.
A number of research analysts have weighed in on the stock. Citigroup assumed coverage on shares of CNH Industrial in a research note on Thursday, February 18th. They issued a “buy” rating and a $19.00 price objective on the stock. Evercore ISI raised their price objective on shares of CNH Industrial from $18.00 to $25.00 in a research note on Wednesday, May 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of CNH Industrial from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, April 13th. Zacks Investment Research raised shares of CNH Industrial from a “sell” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, April 15th. Finally, AlphaValue raised shares of CNH Industrial to a “sell” rating in a research note on Friday, April 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $15.67.
CNH Industrial Company Profile
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through five segments: Agriculture, Construction, Commercial and Specialty Vehicles, Powertrain, and Financial.
Read More: Return on Investment (ROI)
Want to see what other hedge funds are holding CNHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNH Industrial (NYSE:CNHI).
Receive News & Ratings for CNH Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial and related companies with MarketBeat.com's FREE daily email newsletter.