BTC Capital Management Inc. Acquires 97,031 Shares of CNH Industrial N.V. $CNH

BTC Capital Management Inc. grew its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 58.8% in the 3rd quarter, Holdings Channel reports. The fund owned 262,047 shares of the company’s stock after buying an additional 97,031 shares during the period. BTC Capital Management Inc.’s holdings in CNH Industrial were worth $2,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quent Capital LLC bought a new position in shares of CNH Industrial in the 3rd quarter valued at $27,000. Smartleaf Asset Management LLC lifted its stake in shares of CNH Industrial by 77.6% in the third quarter. Smartleaf Asset Management LLC now owns 4,036 shares of the company’s stock worth $44,000 after acquiring an additional 1,763 shares during the period. Transamerica Financial Advisors LLC increased its position in CNH Industrial by 923.2% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock valued at $47,000 after purchasing an additional 3,296 shares during the period. Advantage Trust Co acquired a new position in shares of CNH Industrial in the 2nd quarter worth approximately $54,000. Finally, Headlands Technologies LLC bought a new position in CNH Industrial during the second quarter worth $61,000. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Up 0.6%

Shares of NYSE CNH opened at $12.76 on Friday. CNH Industrial N.V. has a one year low of $9.00 and a one year high of $14.27. The business’s fifty day moving average price is $10.47 and its 200-day moving average price is $10.77. The stock has a market capitalization of $15.91 billion, a PE ratio of 27.16 and a beta of 1.29. The company has a debt-to-equity ratio of 3.49, a current ratio of 13.01 and a quick ratio of 10.82.

Insider Transactions at CNH Industrial

In related news, Director Suzanne Heywood purchased 52,522 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $9.52 per share, with a total value of $500,009.44. Following the completion of the acquisition, the director directly owned 619,427 shares of the company’s stock, valued at approximately $5,896,945.04. The trade was a 9.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CNH. Raymond James Financial cut their target price on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Barclays reduced their price objective on CNH Industrial from $14.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, December 22nd. Wall Street Zen cut CNH Industrial from a “hold” rating to a “sell” rating in a report on Sunday, February 8th. Cfra reaffirmed a “hold” rating and issued a $11.00 price target on shares of CNH Industrial in a research report on Monday, November 10th. Finally, iA Financial set a $13.00 price target on CNH Industrial in a research report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.97.

About CNH Industrial

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.