CNH Industrial NV (CNHI) Shares Sold by Aviva PLC
Aviva PLC decreased its stake in CNH Industrial NV (NASDAQ:CNHI) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 820,006 shares of the company’s stock after selling 73,020 shares during the period. Aviva PLC owned about 0.06% of CNH Industrial NV worth $9,292,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of CNH Industrial NV by 1.6% in the first 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 last quarter. Comerica Bank boosted its stake in CNH Industrial NV by 1.3% in the first quarter. Comerica Bank now owns 76,225 shares of the company’s stock valued at $820,000 after buying an additional 986 shares during the period. Wetherby Asset Management Inc. boosted its stake in CNH Industrial NV by 5.4% in the second quarter. Wetherby Asset Management Inc. now owns 22,842 shares of the company’s stock valued at $260,000 after buying an additional 1,176 shares during the period. World Asset Management Inc boosted its stake in CNH Industrial NV by 1.5% in the first quarter. World Asset Management Inc now owns 82,723 shares of the company’s stock valued at $797,000 after buying an additional 1,232 shares during the period. Finally, First Trust Advisors LP boosted its stake in CNH Industrial NV by 8.4% in the first 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.
Shares of CNH Industrial NV (NASDAQ:CNHI) opened at 11.08 on Monday. The stock’s 50 day moving average price is $11.57 and its 200 day moving average price is $10.69. CNH Industrial NV has a 12-month low of $6.93 and a 12-month high of $12.13. The company has a market capitalization of $15.11 billion and a PE ratio of 35.74.
CNH Industrial NV (NASDAQ:CNHI) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. CNH Industrial NV had a return on equity of 21.59% and a net margin of 3.17%. The firm had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that CNH Industrial NV will post $0.45 earnings per share for the current year.
CNH Industrial NV announced that its Board of Directors has authorized a stock repurchase program on Monday, June 5th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
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Several analysts have recently weighed in on CNHI shares. J P Morgan Chase & Co upgraded CNH Industrial NV from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $8.00 to $10.00 in a report on Monday, May 1st. Zacks Investment Research cut CNH Industrial NV from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Bank of America Corporation upgraded CNH Industrial NV from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Deutsche Bank AG restated a “hold” rating and set a $10.00 price target on shares of CNH Industrial NV in a report on Tuesday, July 4th. Finally, Seaport Global Securities upgraded CNH Industrial NV from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $11.00 to $14.00 in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. CNH Industrial NV currently has an average rating of “Hold” and an average target price of $11.26.
About CNH Industrial NV
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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