Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in CNH Industrial N.V. (NYSE:CNH – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 190,410 shares of the company’s stock, valued at approximately $1,756,000.
Other large investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in CNH Industrial in the third quarter valued at approximately $29,000. Clearstead Advisors LLC lifted its holdings in CNH Industrial by 132.7% in the third quarter. Clearstead Advisors LLC now owns 3,374 shares of the company’s stock valued at $37,000 after acquiring an additional 1,924 shares during the period. Elevation Wealth Partners LLC acquired a new position in CNH Industrial in the fourth quarter valued at approximately $31,000. Advisory Services Network LLC acquired a new position in CNH Industrial in the third quarter valued at approximately $37,000. Finally, Transamerica Financial Advisors LLC lifted its holdings in CNH Industrial by 923.2% in the second quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock valued at $47,000 after acquiring an additional 3,296 shares during the period. 59.88% of the stock is owned by institutional investors and hedge funds.
CNH Industrial Stock Performance
Shares of CNH Industrial stock opened at $10.16 on Friday. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $14.27. The business’s fifty day simple moving average is $10.68 and its 200-day simple moving average is $10.63. The firm has a market cap of $12.59 billion, a PE ratio of 32.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18. The company has a quick ratio of 10.17, a current ratio of 12.27 and a debt-to-equity ratio of 3.32.
CNH Industrial Cuts Dividend
The company also recently announced an annual dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a yield of 98.0%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on CNH shares. Wall Street Zen raised CNH Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. DA Davidson reaffirmed a “neutral” rating and set a $12.00 target price on shares of CNH Industrial in a research note on Monday, May 4th. Truist Financial set a $16.00 target price on CNH Industrial in a research note on Friday, May 1st. Weiss Ratings upgraded CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Finally, The Goldman Sachs Group cut CNH Industrial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $12.00 to $10.50 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.77.
Check Out Our Latest Analysis on CNH
Insider Transactions at CNH Industrial
In related news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of the stock in a transaction dated 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 of the company’s stock, 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 this hyperlink. 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 Company Profile
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.
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