Hennessy Advisors Inc. trimmed its stake in CNH Industrial NV (NYSE:CNHI) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 255,700 shares of the company’s stock after selling 8,300 shares during the period. Hennessy Advisors Inc.’s holdings in CNH Industrial were worth $3,071,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CNHI. Northern Trust Corp grew its holdings in shares of CNH Industrial by 23.6% during the second quarter. Northern Trust Corp now owns 243,701 shares of the company’s stock worth $2,566,000 after purchasing an additional 46,534 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of CNH Industrial by 18.0% during the second quarter. Advisors Asset Management Inc. now owns 64,455 shares of the company’s stock worth $679,000 after purchasing an additional 9,832 shares during the last quarter. HPM Partners LLC grew its holdings in shares of CNH Industrial by 72.1% during the second quarter. HPM Partners LLC now owns 17,955 shares of the company’s stock worth $189,000 after purchasing an additional 7,520 shares during the last quarter. Millennium Management LLC grew its holdings in shares of CNH Industrial by 756.1% during the second quarter. Millennium Management LLC now owns 1,042,228 shares of the company’s stock worth $10,975,000 after purchasing an additional 920,488 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of CNH Industrial during the second quarter worth $14,283,000. Hedge funds and other institutional investors own 18.89% of the company’s stock.

Shares of CNHI opened at $11.15 on Friday. The company has a current ratio of 5.06, a quick ratio of 3.92 and a debt-to-equity ratio of 5.32. CNH Industrial NV has a 12-month low of $10.09 and a 12-month high of $15.65. The firm has a market cap of $16.37 billion, a PE ratio of 23.23 and a beta of 1.06.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Thursday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07. CNH Industrial had a return on equity of 20.95% and a net margin of 2.03%. The business had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.50 billion. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Research analysts anticipate that CNH Industrial NV will post 0.73 EPS for the current fiscal year.

Several brokerages have recently commented on CNHI. Zacks Investment Research cut CNH Industrial from a “hold” rating to a “strong sell” rating in a report on Monday, July 16th. ValuEngine upgraded CNH Industrial from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Bank of America decreased their target price on CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, July 30th. Deutsche Bank began coverage on CNH Industrial in a report on Wednesday, September 5th. They set a “hold” rating and a $158.00 target price on the stock. Finally, TheStreet upgraded CNH Industrial from a “d+” rating to a “c” rating in a report on Friday, August 17th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. CNH Industrial currently has a consensus rating of “Hold” and an average target price of $28.85.

About CNH Industrial

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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

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