Deutsche Bank AG Has $219.50 Million Stake in CNH Industrial NV (CNHI)

Deutsche Bank AG cut its stake in shares of CNH Industrial NV (NYSE:CNHI) by 1.7% in the 4th quarter, HoldingsChannel reports. The fund owned 16,380,515 shares of the company’s stock after selling 279,075 shares during the period. Deutsche Bank AG’s holdings in CNH Industrial were worth $219,497,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC increased its holdings in CNH Industrial by 14.4% in the 2nd quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after buying an additional 1,500 shares in the last quarter. Royal Bank of Canada increased its holdings in CNH Industrial by 58.9% in the 2nd quarter. Royal Bank of Canada now owns 37,906 shares of the company’s stock worth $432,000 after buying an additional 14,055 shares in the last quarter. State Street Corp increased its holdings in CNH Industrial by 71.4% in the 2nd quarter. State Street Corp now owns 1,038,252 shares of the company’s stock worth $11,815,000 after buying an additional 432,352 shares in the last quarter. Victory Capital Management Inc. bought a new stake in CNH Industrial in the 3rd quarter worth about $202,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in CNH Industrial by 8.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 697,884 shares of the company’s stock worth $8,070,000 after buying an additional 54,796 shares in the last quarter. Hedge funds and other institutional investors own 19.64% of the company’s stock.

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CNH Industrial NV (CNHI) opened at $13.71 on Friday. CNH Industrial NV has a 12-month low of $9.36 and a 12-month high of $15.65. The company has a debt-to-equity ratio of 5.89, a quick ratio of 4.18 and a current ratio of 5.42. The firm has a market capitalization of $18,481.06, a PE ratio of 62.32 and a beta of 0.98.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.14 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.14. CNH Industrial had a return on equity of 14.58% and a net margin of 1.08%. The firm had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $7.38 billion. During the same period in the previous year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. sell-side analysts predict that CNH Industrial NV will post 0.67 earnings per share for the current year.

CNH Industrial declared that its board has authorized a share buyback plan on Tuesday, January 30th that authorizes the company to buyback $700.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several research analysts have issued reports on the company. Barclays assumed coverage on CNH Industrial in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $15.00 target price on the stock. Bank of America raised their target price on CNH Industrial from $15.00 to $17.00 in a research report on Monday, January 15th. Stifel Nicolaus reissued a “hold” rating and issued a $13.40 target price (up from $12.00) on shares of CNH Industrial in a research report on Monday, November 13th. Berenberg Bank assumed coverage on CNH Industrial in a research report on Wednesday, January 17th. They issued a “hold” rating and a $13.50 target price on the stock. Finally, UBS Group assumed coverage on CNH Industrial in a research report on Monday, January 8th. They issued a “buy” rating and a $17.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $14.77.

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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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Institutional Ownership by Quarter for CNH Industrial (NYSE:CNHI)

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