Optiver Holding B.V. Boosts Holdings in CNH Industrial N.V. $CNH

Optiver Holding B.V. raised its position in CNH Industrial N.V. (NYSE:CNH) by 416.6% in the 1st quarter, Holdings Channel reports. The firm owned 168,263 shares of the company’s stock after buying an additional 135,691 shares during the quarter. Optiver Holding B.V.’s holdings in CNH Industrial were worth $1,851,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in CNH Industrial during the third quarter valued at $29,000. Advisory Services Network LLC purchased a new stake in shares of CNH Industrial in the 3rd quarter valued at about $37,000. Rothschild Investment LLC boosted its position in shares of CNH Industrial by 1,734.2% during the 4th quarter. Rothschild Investment LLC now owns 3,485 shares of the company’s stock valued at $32,000 after acquiring an additional 3,295 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of CNH Industrial by 923.2% during the second quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock worth $47,000 after purchasing an additional 3,296 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of CNH Industrial during the fourth quarter worth about $34,000. Institutional investors own 59.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CNH shares. Truist Financial set a $16.00 price target on shares of CNH Industrial in a report on Friday, May 1st. Weiss Ratings raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Sanford C. Bernstein initiated coverage on CNH Industrial in a research note on Thursday, May 7th. They set a “market perform” rating and a $11.00 price target for the company. Citigroup increased their price objective on CNH Industrial from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Evercore set a $12.25 target price on CNH Industrial in a research report on Monday, May 11th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.77.

Insiders Place Their Bets

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $10.13, for a total transaction of $490,140.05. Following the transaction, the insider owned 71,926 shares in the company, valued at approximately $728,610.38. This represents a 40.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.18% of the company’s stock.

CNH Industrial Stock Down 0.4%

Shares of NYSE CNH opened at $10.28 on Friday. The firm has a fifty day simple moving average of $10.60 and a two-hundred day simple moving average of $10.95. CNH Industrial N.V. has a 12 month low of $9.00 and a 12 month high of $13.31. The company has a current ratio of 12.27, a quick ratio of 10.17 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $12.74 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. CNH Industrial had a net margin of 2.13% and a return on equity of 7.48%. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the company earned $0.10 earnings per share. CNH Industrial’s quarterly revenue was down .1% on a year-over-year basis. Equities analysts expect that CNH Industrial N.V. will post 0.41 earnings per share for the current year.

About CNH Industrial

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.