CNH Industrial N.V. (NYSE:CNH) Short Interest Down 19.1% in January

CNH Industrial N.V. (NYSE:CNH) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 48,666,626 shares, a drop of 19.1% from the January 15th total of 60,130,778 shares. Currently, 3.9% of the shares of the company are short sold. Based on an average daily trading volume, of 11,911,867 shares, the short-interest ratio is presently 4.1 days. Based on an average daily trading volume, of 11,911,867 shares, the short-interest ratio is presently 4.1 days. Currently, 3.9% of the shares of the company are short sold.

CNH Industrial Price Performance

CNH Industrial stock traded up $0.07 during midday trading on Monday, hitting $12.76. 20,597,427 shares of the company’s stock were exchanged, compared to its average volume of 12,454,221. The company has a market cap of $15.91 billion, a P/E ratio of 27.16 and a beta of 1.29. The company has a debt-to-equity ratio of 3.49, a quick ratio of 10.82 and a current ratio of 13.01. The stock has a 50-day moving average price of $10.54 and a two-hundred day moving average price of $10.74. CNH Industrial has a 52-week low of $9.00 and a 52-week high of $14.27.

Insider Buying and Selling at CNH Industrial

In other news, Director Suzanne Heywood bought 52,522 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average cost of $9.52 per share, with a total value of $500,009.44. Following the acquisition, the director directly owned 619,427 shares in the company, valued at $5,896,945.04. This represents a 9.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CNH. State Street Corp lifted its stake in shares of CNH Industrial by 5.1% in the 3rd quarter. State Street Corp now owns 37,764,717 shares of the company’s stock valued at $409,747,000 after purchasing an additional 1,834,076 shares during the period. Artisan Partners Limited Partnership lifted its position in CNH Industrial by 1.8% during the second quarter. Artisan Partners Limited Partnership now owns 32,950,999 shares of the company’s stock valued at $427,045,000 after buying an additional 575,650 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of CNH Industrial by 45.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 26,824,753 shares of the company’s stock valued at $247,338,000 after buying an additional 8,332,615 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of CNH Industrial by 17.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 26,070,783 shares of the company’s stock worth $282,868,000 after buying an additional 3,841,999 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of CNH Industrial by 6.3% in the 3rd quarter. Alliancebernstein L.P. now owns 20,843,475 shares of the company’s stock worth $226,152,000 after buying an additional 1,239,952 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CNH. Barclays cut their price target on CNH Industrial from $14.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. Truist Financial set a $12.00 target price on shares of CNH Industrial in a research note on Wednesday, January 14th. UBS Group decreased their price target on shares of CNH Industrial from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, January 5th. iA Financial set a $13.00 price objective on shares of CNH Industrial in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. downgraded CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 target price for the company. in a research note on Friday, November 28th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.