First Horizon Advisors Inc. Invests $112,000 in CNH Industrial (NYSE:CNHI)

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.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Tuesday, May 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.17. CNH Industrial had a negative net margin of 0.07% and a positive return on equity of 17.13%. The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $6.63 billion. During the same quarter last year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 37.3% compared to the same quarter last year. As a group, analysts predict that CNH Industrial will post 1.13 earnings per share for the current year.

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)

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Institutional Ownership by Quarter for CNH Industrial (NYSE:CNHI)

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