1,658,956 CNH Industrial N.V. $CNH Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of CNH Industrial N.V. (NYSE:CNH) by 95.9% in the third quarter, HoldingsChannel.com reports. The fund owned 70,376 shares of the company’s stock after selling 1,658,956 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CNH Industrial were worth $904,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in CNH Industrial by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 29,204,840 shares of the company’s stock valued at $321,185,000 after acquiring an additional 2,380,087 shares during the last quarter. Bank of New York Mellon Corp raised its position in CNH Industrial by 267.6% during the first quarter. Bank of New York Mellon Corp now owns 18,425,651 shares of the company’s stock valued at $202,682,000 after purchasing an additional 13,413,731 shares in the last quarter. Gabelli Funds LLC lifted its stake in CNH Industrial by 0.3% during the first quarter. Gabelli Funds LLC now owns 7,083,970 shares of the company’s stock worth $77,924,000 after purchasing an additional 19,320 shares during the last quarter. Wellington Management Group LLP lifted its stake in CNH Industrial by 13.0% during the second quarter. Wellington Management Group LLP now owns 6,596,942 shares of the company’s stock worth $74,084,000 after purchasing an additional 759,512 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in CNH Industrial by 61.3% during the first quarter. Sei Investments Co. now owns 4,666,201 shares of the company’s stock worth $51,330,000 after purchasing an additional 1,774,178 shares during the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Trading Up 0.0%

Shares of CNH Industrial stock opened at $11.56 on Monday. The firm has a market capitalization of $14.31 billion, a PE ratio of 46.26 and a beta of 1.23. The company has a current ratio of 12.23, a quick ratio of 10.16 and a debt-to-equity ratio of 3.33. The firm’s 50 day moving average is $12.55 and its 200 day moving average is $11.35. CNH Industrial N.V. has a 1 year low of $9.00 and a 1 year high of $14.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Evercore raised CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 target price on the stock in a report on Wednesday, September 2nd. JPMorgan Chase & Co. boosted their price target on CNH Industrial from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, October 8th. Sanford C. Bernstein restated a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, August 4th. BMO Capital Markets upped their price objective on CNH Industrial from $11.00 to $12.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 4th. Finally, Barclays raised their price objective on CNH Industrial from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CNH Industrial currently has a consensus rating of “Hold” and a consensus price target of $13.39.

CNH Industrial Company Profile

CNH Industrial is a global manufacturer of agricultural and construction equipment. Its agricultural brands include Case IH, New Holland Agriculture and STEYR, which offer products such as tractors, combines, harvesters, sprayers and hay tools. Its construction equipment brands include CASE Construction Equipment and New Holland Construction, with machinery such as excavators, loaders and graders.

The company also provides parts, equipment support and precision technology designed to help customers manage machinery and improve productivity.