Anchor Capital Advisors LLC Sells 38,723 Shares of CNH Industrial N.V. $CNH

Anchor Capital Advisors LLC reduced its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,673,584 shares of the company’s stock after selling 38,723 shares during the quarter. CNH Industrial comprises approximately 1.8% of Anchor Capital Advisors LLC’s portfolio, making the stock its 10th largest holding. Anchor Capital Advisors LLC owned about 0.37% of CNH Industrial worth $60,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in CNH Industrial by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 304,527 shares of the company’s stock worth $3,947,000 after acquiring an additional 999 shares in the last quarter. TD Private Client Wealth LLC raised its stake in CNH Industrial by 1.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 58,272 shares of the company’s stock worth $755,000 after acquiring an additional 1,066 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in CNH Industrial by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 246,000 shares of the company’s stock worth $3,188,000 after acquiring an additional 1,100 shares in the last quarter. Belpointe Asset Management LLC raised its stake in CNH Industrial by 9.8% during the 1st quarter. Belpointe Asset Management LLC now owns 14,058 shares of the company’s stock worth $173,000 after acquiring an additional 1,251 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in CNH Industrial by 3.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company’s stock worth $457,000 after acquiring an additional 1,280 shares in the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Stock Up 1.8%

CNH stock opened at $10.49 on Thursday. The company has a market cap of $13.12 billion, a P/E ratio of 16.14 and a beta of 1.52. CNH Industrial N.V. has a 52 week low of $9.87 and a 52 week high of $14.27. The company’s 50-day moving average price is $10.84 and its 200 day moving average price is $12.06. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CNH. The Goldman Sachs Group lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Oppenheimer dropped their price objective on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, September 18th. Barclays dropped their price objective on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. JPMorgan Chase & Co. dropped their price objective on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 2nd. Finally, Raymond James Financial dropped their price objective on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, CNH Industrial presently has a consensus rating of “Moderate Buy” and an average target price of $14.65.

About CNH Industrial

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.