CNH Industrial (NYSE:CNH) Issues Quarterly Earnings Results

CNH Industrial (NYSE:CNH) released its earnings results on Tuesday. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08, FiscalAI reports. CNH Industrial had a return on equity of 8.32% and a net margin of 3.35%.

CNH Industrial Stock Up 0.6%

Shares of NYSE CNH opened at $12.76 on Tuesday. CNH Industrial has a 12 month low of $9.00 and a 12 month high of $14.27. The company has a current ratio of 13.01, a quick ratio of 10.82 and a debt-to-equity ratio of 3.49. The firm has a fifty day simple moving average of $10.54 and a two-hundred day simple moving average of $10.74. The firm has a market capitalization of $15.91 billion, a PE ratio of 27.16 and a beta of 1.29.

Analyst Ratings Changes

Several brokerages have weighed in on CNH. Cfra reiterated a “hold” rating and issued a $11.00 price objective on shares of CNH Industrial in a research report on Monday, November 10th. JPMorgan Chase & Co. downgraded shares of CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 target price on the stock. in a research note on Friday, November 28th. Citigroup increased their price target on shares of CNH Industrial from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Barclays decreased their price objective on shares of CNH Industrial from $14.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, December 22nd. Finally, UBS Group lowered their price objective 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. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. OMERS ADMINISTRATION Corp increased its stake in shares of CNH Industrial by 37.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 251,875 shares of the company’s stock valued at $2,322,000 after purchasing an additional 68,229 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of CNH Industrial by 31.5% in the 4th quarter. Squarepoint Ops LLC now owns 7,571,820 shares of the company’s stock worth $69,812,000 after buying an additional 1,811,922 shares during the last quarter. Mariner LLC increased its position in CNH Industrial by 432.6% during the 4th quarter. Mariner LLC now owns 399,322 shares of the company’s stock valued at $3,685,000 after buying an additional 324,343 shares in the last quarter. Focus Partners Wealth increased its position in CNH Industrial by 1,438.6% during the 4th quarter. Focus Partners Wealth now owns 687,071 shares of the company’s stock valued at $6,335,000 after buying an additional 642,415 shares in the last quarter. Finally, Barclays PLC raised its stake in CNH Industrial by 20.6% during the fourth quarter. Barclays PLC now owns 1,883,894 shares of the company’s stock valued at $17,370,000 after buying an additional 321,756 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial Company Profile

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.