Desjardins Global Asset Management Inc. Acquires Shares of 4,538 CNH Industrial (NYSE:CNHI)

Desjardins Global Asset Management Inc. acquired a new stake in shares of CNH Industrial (NYSE:CNHI) in the 4th quarter, HoldingsChannel reports. The firm acquired 4,538 shares of the company’s stock, valued at approximately $55,000.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System acquired a new position in CNH Industrial during the fourth quarter valued at approximately $3,429,000. Jump Financial LLC grew its stake in shares of CNH Industrial by 40.3% during the third quarter. Jump Financial LLC now owns 210,402 shares of the company’s stock worth $2,546,000 after buying an additional 60,398 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of CNH Industrial by 38.9% during the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after buying an additional 14,348,475 shares during the last quarter. Raymond James & Associates grew its stake in shares of CNH Industrial by 62.4% during the fourth quarter. Raymond James & Associates now owns 343,495 shares of the company’s stock worth $4,184,000 after buying an additional 131,965 shares during the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of CNH Industrial during the third quarter worth $1,928,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Stock Performance

Shares of CNH Industrial stock opened at $12.31 on Friday. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 7.03 and a beta of 1.65. The company’s fifty day moving average is $12.39 and its 200 day moving average is $11.74. CNH Industrial has a twelve month low of $9.77 and a twelve month high of $15.74.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Sell-side analysts forecast that CNH Industrial will post 1.56 EPS for the current year.

CNH Industrial Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a yield of 3.71%. This is a boost from CNH Industrial’s previous annual dividend of $0.39.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNHI. Truist Financial began coverage on shares of CNH Industrial in a research note on Thursday, March 14th. They set a “buy” rating and a $18.00 target price on the stock. Morgan Stanley began coverage on shares of CNH Industrial in a research note on Monday, January 8th. They set an “equal weight” rating and a $12.70 target price on the stock. Robert W. Baird boosted their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. StockNews.com cut shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of CNH Industrial in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CNH Industrial has a consensus rating of “Hold” and an average price target of $15.20.

About CNH Industrial

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.