59,900 Shares in CNH Industrial N.V. $CNH Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of CNH Industrial N.V. (NYSE:CNH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 59,900 shares of the company’s stock, valued at approximately $770,000.

Several other institutional investors have also made changes to their positions in CNH. Bessemer Group Inc. lifted its stake in CNH Industrial by 4.0% during the first quarter. Bessemer Group Inc. now owns 29,415 shares of the company’s stock worth $323,000 after purchasing an additional 1,121 shares during the period. Sax Wealth Advisors LLC lifted its holdings in CNH Industrial by 8.4% during the 3rd quarter. Sax Wealth Advisors LLC now owns 16,066 shares of the company’s stock valued at $206,000 after purchasing an additional 1,247 shares during the last quarter. Cloverfields Capital Group LP lifted its holdings in CNH Industrial by 1.0% during the 1st quarter. Cloverfields Capital Group LP now owns 136,220 shares of the company’s stock valued at $1,498,000 after purchasing an additional 1,304 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of CNH Industrial by 33.4% during the first quarter. Parallel Advisors LLC now owns 6,325 shares of the company’s stock worth $70,000 after buying an additional 1,585 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of CNH Industrial by 41.2% in the first quarter. Fifth Third Bancorp now owns 6,932 shares of the company’s stock valued at $76,000 after acquiring an additional 2,021 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on CNH Industrial from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, October 8th. Weiss Ratings raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Evercore upgraded CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Wednesday, September 2nd. Barclays raised their target price on shares of CNH Industrial from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of CNH Industrial in a research note on Wednesday, August 19th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.39.

CNH Industrial Price Performance

CNH opened at $11.26 on Friday. The stock has a market cap of $13.94 billion, a P/E ratio of 45.05 and a beta of 1.23. CNH Industrial N.V. has a 12 month low of $9.00 and a 12 month high of $14.46. The company has a quick ratio of 10.16, a current ratio of 12.23 and a debt-to-equity ratio of 3.33. The company has a fifty day simple moving average of $12.55 and a 200 day simple moving average of $11.35.

CNH Industrial (NYSE:CNH) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%. The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.77 billion. During the same quarter last year, the firm posted $0.17 earnings per share. CNH Industrial’s revenue was up 2.0% compared to the same quarter last year. On average, research analysts expect that CNH Industrial N.V. will post 0.45 EPS for the current year.

CNH Industrial Company Profile

CNH Industrial N.V. (NYSE: CNH) is a global equipment, technology and services company focused primarily on agriculture and construction. The company develops, manufactures and distributes machinery and solutions used by farmers, contractors and other customers in industries that support food production, infrastructure and land management.

Its agriculture portfolio includes tractors, combines, harvesting equipment, hay and forage machinery, planting and seeding systems, crop protection equipment and precision-agriculture technologies.