Retirement Systems of Alabama Purchases 418,449 Shares of CNH Industrial N.V. $CNH

Retirement Systems of Alabama grew its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 35.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,614,924 shares of the company’s stock after purchasing an additional 418,449 shares during the period. Retirement Systems of Alabama owned approximately 0.13% of CNH Industrial worth $20,929,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in shares of CNH Industrial by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 304,527 shares of the company’s stock valued at $3,947,000 after purchasing an additional 999 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of CNH Industrial by 1.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 58,272 shares of the company’s stock valued at $755,000 after purchasing an additional 1,066 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of CNH Industrial by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 246,000 shares of the company’s stock valued at $3,188,000 after purchasing an additional 1,100 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in shares of CNH Industrial by 9.8% during the 1st quarter. Belpointe Asset Management LLC now owns 14,058 shares of the company’s stock valued at $173,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in shares of CNH Industrial by 3.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company’s stock valued at $457,000 after purchasing an additional 1,280 shares in the last quarter. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Up 1.1%

Shares of CNH Industrial stock opened at $10.50 on Friday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The stock has a market capitalization of $13.13 billion, a PE ratio of 16.15 and a beta of 1.51. CNH Industrial N.V. has a 52-week low of $9.87 and a 52-week high of $14.27. The company has a 50-day simple moving average of $10.94 and a two-hundred day simple moving average of $12.07.

CNH Industrial (NYSE:CNH) last issued its earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. On average, analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CNH shares. Barclays cut their target price on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CNH Industrial in a research note on Wednesday, October 8th. Truist Financial dropped their price objective on shares of CNH Industrial from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 2nd. Finally, Oppenheimer dropped their price objective on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.65.

Insider Transactions at CNH Industrial

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of CNH Industrial stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total value of $153,755.63. Following the completion of the transaction, the insider directly owned 14,940 shares of the company’s stock, valued at approximately $187,198.20. The trade was a 45.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

CNH Industrial Company Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.