Picton Mahoney Asset Management Takes Position in CNH Industrial (NYSE:CNHI)

Picton Mahoney Asset Management purchased a new position in shares of CNH Industrial (NYSE:CNHI) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 35,180 shares of the company’s stock, valued at approximately $429,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of CNH Industrial by 38.9% during the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after acquiring an additional 14,348,475 shares during the last quarter. Harris Associates L P grew its stake in CNH Industrial by 9.2% during the 3rd quarter. Harris Associates L P now owns 123,079,130 shares of the company’s stock valued at $1,501,638,000 after purchasing an additional 10,322,578 shares in the last quarter. LSV Asset Management increased its holdings in CNH Industrial by 4,988.3% during the 3rd 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. Jacobs Levy Equity Management Inc. acquired a new position in shares of CNH Industrial in the 3rd quarter valued at approximately $45,390,000. Finally, abrdn plc purchased a new position in shares of CNH Industrial during the 4th quarter valued at approximately $45,232,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Performance

CNHI stock opened at $11.65 on Thursday. CNH Industrial has a 1 year low of $9.77 and a 1 year high of $15.74. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 6.81 and a beta of 1.66. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32. The stock’s fifty day moving average is $12.24 and its two-hundred day moving average is $11.72.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period last year, the firm posted $0.35 EPS. CNH Industrial’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, research analysts predict that CNH Industrial will post 1.53 EPS for the current year.

CNH Industrial Increases Dividend

The firm also recently disclosed 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. This represents a yield of 3.71%. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. The ex-dividend date is Friday, May 10th.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CNHI shares. Robert W. Baird upped their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Truist Financial cut their target price on shares of CNH Industrial from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on CNH Industrial from $14.50 to $14.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. The Goldman Sachs Group upgraded CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, January 17th. Finally, DA Davidson started coverage on CNH Industrial in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.