Arrowstreet Capital Limited Partnership increased its stake in CNH Industrial NV (NYSE:CNHI) by 37.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,430,596 shares of the company’s stock after acquiring an additional 1,751,440 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in CNH Industrial were worth $86,153,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of CNH Industrial by 0.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 31,850,459 shares of the company’s stock worth $382,524,000 after buying an additional 101,920 shares in the last quarter. AXA grew its holdings in shares of CNH Industrial by 0.5% during the third quarter. AXA now owns 15,801,602 shares of the company’s stock worth $189,777,000 after buying an additional 83,060 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of CNH Industrial by 5.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 10,694,912 shares of the company’s stock worth $143,312,000 after buying an additional 596,525 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of CNH Industrial by 2.5% during the fourth quarter. Gabelli Funds LLC now owns 5,336,254 shares of the company’s stock worth $71,506,000 after buying an additional 130,918 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of CNH Industrial by 24.3% during the third quarter. Allianz Asset Management GmbH now owns 3,175,135 shares of the company’s stock worth $38,133,000 after buying an additional 621,462 shares in the last quarter. 17.53% of the stock is owned by institutional investors.
Shares of CNH Industrial NV (NYSE:CNHI) opened at $14.23 on Wednesday. The company has a debt-to-equity ratio of 5.89, a current ratio of 5.42 and a quick ratio of 4.18. CNH Industrial NV has a 1-year low of $9.15 and a 1-year high of $15.65. The stock has a market cap of $19,760.00, a PE ratio of 64.68 and a beta of 0.64.
CNH Industrial declared that its board has approved a share buyback plan on Tuesday, January 30th that authorizes the company to repurchase $700.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have recently issued reports on CNHI shares. Bank of America upped their target price on shares of CNH Industrial from $15.00 to $17.00 in a report on Monday, January 15th. UBS Group started coverage on shares of CNH Industrial in a report on Monday, January 8th. They set a “buy” rating and a $17.00 target price for the company. Deutsche Bank raised shares of CNH Industrial from a “hold” rating to a “buy” rating and upped their price objective for the company from $12.81 to $16.00 in a report on Thursday, January 4th. Seaport Global Securities reissued a “buy” rating and issued a $16.00 price objective on shares of CNH Industrial in a report on Wednesday, January 3rd. Finally, Citigroup raised shares of CNH Industrial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.75 to $15.00 in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $14.75.
CNH Industrial Profile
CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.
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