CNH Industrial (NYSE:CNHI) Shares Purchased by Blume Capital Management Inc.

Blume Capital Management Inc. raised its position in CNH Industrial (NYSE:CNHI) by 23.2% during the 4th quarter, Holdings Channel reports. The firm owned 338,055 shares of the company’s stock after acquiring an additional 63,665 shares during the quarter. Blume Capital Management Inc.’s holdings in CNH Industrial were worth $4,118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harris Associates L P lifted its position in shares of CNH Industrial by 9.2% in the third quarter. Harris Associates L P now owns 123,079,130 shares of the company’s stock valued at $1,501,638,000 after acquiring an additional 10,322,578 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of CNH Industrial by 38.9% during the 3rd quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after purchasing an additional 14,348,475 shares during the last quarter. LSV Asset Management grew its holdings in shares of CNH Industrial by 23.0% during the fourth quarter. LSV Asset Management now owns 12,409,740 shares of the company’s stock worth $151,151,000 after buying an additional 2,319,600 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of CNH Industrial by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 6,188,035 shares of the company’s stock valued at $74,875,000 after buying an additional 164,166 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of CNH Industrial during the third quarter valued at approximately $45,390,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Price Performance

NYSE CNHI remained flat at $11.65 on Thursday. The company’s stock had a trading volume of 1,868,265 shares, compared to its average volume of 11,839,697. The firm has a market capitalization of $14.64 billion, a price-to-earnings ratio of 6.81 and a beta of 1.66. The firm’s 50-day moving average is $12.24 and its 200-day moving average is $11.72. CNH Industrial has a 52-week low of $9.77 and a 52-week high of $15.74. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.46 billion. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The business’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. As a group, sell-side analysts expect that CNH Industrial will post 1.53 EPS for the current fiscal year.

CNH Industrial Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CNHI shares. JPMorgan Chase & Co. reduced their price target on CNH Industrial from $14.50 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Robert W. Baird lifted their price target on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. DA Davidson started coverage on shares of CNH Industrial in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price on the stock. Truist Financial dropped their price target on shares of CNH Industrial from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Monday. Finally, Bank of America reissued a “neutral” rating on shares of CNH Industrial in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.