CNH Industrial (NYSE:CNHI) Shares Gap Down to $12.31

CNH Industrial (NYSE:CNHI) shares gapped down before the market opened on Monday . The stock had previously closed at $12.31, but opened at $11.30. CNH Industrial shares last traded at $11.63, with a volume of 12,148,975 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have commented on CNHI shares. DA Davidson began coverage on CNH Industrial in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 price target on the stock. Evercore ISI increased their target price on shares of CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Bank of America restated a “neutral” rating on shares of CNH Industrial in a report on Monday. Robert W. Baird upped their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, StockNews.com downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.20.

CNH Industrial Stock Up 0.7 %

The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. The stock’s 50-day moving average price is $12.37 and its 200-day moving average price is $11.74. The company has a market cap of $14.55 billion, a P/E ratio of 6.62 and a beta of 1.65.

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

CNH Industrial Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CNHI. Harris Associates L P boosted its position in shares of CNH Industrial by 30.4% during the fourth quarter. Harris Associates L P now owns 160,517,694 shares of the company’s stock valued at $1,955,085,000 after buying an additional 37,438,564 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of CNH Industrial in the 4th quarter worth $384,313,000. Vanguard Group Inc. raised its holdings in shares of CNH Industrial by 38.9% in the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock valued at $620,450,000 after purchasing an additional 14,348,475 shares during the last quarter. Norges Bank bought a new position in shares of CNH Industrial during the fourth quarter valued at about $162,201,000. Finally, LSV Asset Management boosted its holdings in CNH Industrial by 4,988.3% during the third quarter. LSV Asset Management now owns 10,090,140 shares of the company’s stock worth $122,091,000 after purchasing an additional 9,891,840 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Company Profile

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.