Westpac Banking Corp continued to hold its stake in shares of CNH Industrial NV (NASDAQ:CNHI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,505 shares of the company’s stock at the end of the 2nd quarter. Westpac Banking Corp’s holdings in CNH Industrial NV were worth $719,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in CNH Industrial NV by 1.6% during the 1st quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock valued at $123,000 after buying an additional 199 shares during the period. Ballentine Partners LLC purchased a new stake in CNH Industrial NV during the 2nd quarter valued at $136,000. KCG Holdings Inc. purchased a new stake in CNH Industrial NV during the 1st quarter valued at $162,000. First Trust Advisors LP boosted its position in CNH Industrial NV by 8.4% during the 1st quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock valued at $166,000 after buying an additional 1,329 shares during the period. Finally, Cigna Investments Inc. New purchased a new stake in CNH Industrial NV during the 2nd quarter valued at $167,000.
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Several brokerages have weighed in on CNHI. BidaskClub cut shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research cut shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. TheStreet raised shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Stifel Nicolaus reissued a “hold” rating and set a $12.00 price target on shares of CNH Industrial NV in a research report on Friday, July 28th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $12.81 price target (up previously from $10.87) on shares of CNH Industrial NV in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. CNH Industrial NV currently has a consensus rating of “Hold” and a consensus target price of $11.26.
CNH Industrial NV (NASDAQ:CNHI) opened at 11.52 on Wednesday. The firm has a 50-day moving average of $11.39 and a 200 day moving average of $10.83. The company has a market capitalization of $15.71 billion and a price-to-earnings ratio of 37.16. CNH Industrial NV has a one year low of $6.93 and a one year high of $12.13.
CNH Industrial NV (NASDAQ:CNHI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $6.95 billion during the quarter, compared to analyst estimates of $7.07 billion. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. CNH Industrial NV’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 earnings per share. Equities research analysts predict that CNH Industrial NV will post $0.45 earnings per share for the current fiscal year.
CNH Industrial NV announced that its Board of Directors has initiated a share buyback plan on Monday, June 5th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to purchase up to 2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
CNH Industrial NV 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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