37,182 Shares in CNH Industrial (NYSE:CNHI) Bought by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp bought a new position in shares of CNH Industrial (NYSE:CNHI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 37,182 shares of the company’s stock, valued at approximately $453,000.

A number of other institutional investors have also added to or reduced their stakes in CNHI. Vanguard Group Inc. increased its holdings in CNH Industrial by 38.9% during the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after buying an additional 14,348,475 shares during the last quarter. Harris Associates L P increased its holdings in CNH Industrial by 9.2% during the third quarter. Harris Associates L P now owns 123,079,130 shares of the company’s stock worth $1,501,638,000 after buying an additional 10,322,578 shares during the last quarter. LSV Asset Management increased its holdings in CNH Industrial by 4,988.3% during the third quarter. LSV Asset Management now owns 10,090,140 shares of the company’s stock worth $122,091,000 after buying an additional 9,891,840 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in CNH Industrial during the third quarter worth $45,390,000. Finally, abrdn plc acquired a new position in CNH Industrial during the fourth quarter worth $45,232,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Morgan Stanley assumed coverage on CNH Industrial in a research note on Monday, January 8th. They set an “equal weight” rating and a $12.70 target price for the company. DA Davidson assumed coverage on CNH Industrial in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 target price for the company. Truist Financial assumed coverage on CNH Industrial in a research note on Thursday, March 14th. They set a “buy” rating and a $18.00 target price for the company. Finally, Robert W. Baird boosted their target price on CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.20.

CNH Industrial Stock Performance

NYSE:CNHI opened at $11.40 on Friday. The company has a market capitalization of $14.32 billion, a PE ratio of 6.51 and a beta of 1.65. The company has a 50 day simple moving average of $12.31 and a two-hundred day simple moving average of $11.73. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32. CNH Industrial has a fifty-two week low of $9.77 and a fifty-two week high of $15.74.

CNH Industrial (NYSE:CNHI) last released its earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. Research analysts anticipate that CNH Industrial will post 1.56 earnings per share for the current year.

CNH Industrial Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be given a dividend of $0.47 per share. This represents a yield of 3.71%. The ex-dividend date is Friday, May 10th. This is an increase from CNH Industrial’s previous annual dividend of $0.39.

About CNH Industrial

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.