Systematic Financial Management LP acquired a new position in shares of CNH Industrial NV (NYSE:CNHI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,636,714 shares of the company’s stock, valued at approximately $21,932,000. Systematic Financial Management LP owned about 0.12% of CNH Industrial as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parametrica Management Ltd purchased a new stake in CNH Industrial during the third quarter worth about $126,000. FMR LLC increased its holdings in CNH Industrial by 14.4% during the second quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after buying an additional 1,500 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in CNH Industrial during the second quarter worth about $158,000. Virtu Financial LLC purchased a new stake in CNH Industrial during the fourth quarter worth about $195,000. Finally, Victory Capital Management Inc. purchased a new stake in CNH Industrial during the third quarter worth about $202,000. Institutional investors and hedge funds own 21.24% of the company’s stock.
Several equities analysts have recently weighed in on CNHI shares. Bank of America lifted their target price on shares of CNH Industrial from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Berenberg Bank started coverage on shares of CNH Industrial in a research report on Wednesday, January 17th. They issued a “hold” rating and a $13.50 price objective for the company. Stifel Nicolaus restated a “hold” rating and issued a $14.00 price objective (up from $13.40) on shares of CNH Industrial in a research report on Tuesday, February 20th. UBS Group started coverage on shares of CNH Industrial in a research report on Monday, January 8th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, TheStreet lowered shares of CNH Industrial from a “c” rating to a “d+” rating in a research report on Monday, February 12th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.77.
CNH Industrial (NYSE:CNHI) last announced its earnings results on Tuesday, January 30th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. CNH Industrial had a net margin of 1.08% and a return on equity of 14.58%. The business had revenue of $8.10 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same period in the previous year, the business posted $0.14 earnings per share. CNH Industrial’s revenue for the quarter was up 15.8% on a year-over-year basis. analysts anticipate that CNH Industrial NV will post 0.67 EPS for the current year.
CNH Industrial announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 30th that authorizes the company to buyback $700.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
CNH Industrial Company 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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