Lindbrook Capital LLC Acquires 1,334 Shares of CNH Industrial (NYSE:CNHI)

Lindbrook Capital LLC grew its holdings in shares of CNH Industrial (NYSE:CNHI) by 27.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,188 shares of the company’s stock after acquiring an additional 1,334 shares during the period. Lindbrook Capital LLC’s holdings in CNH Industrial were worth $75,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in 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 buying an additional 14,348,475 shares during the last quarter. Harris Associates L P raised its stake in CNH Industrial by 9.2% during the third quarter. Harris Associates L P now owns 123,079,130 shares of the company’s stock worth $1,501,638,000 after buying an additional 10,322,578 shares during the last quarter. LSV Asset Management raised its stake in CNH Industrial by 4,988.3% during the third quarter. LSV Asset Management now owns 10,090,140 shares of the company’s stock worth $122,091,000 after buying an additional 9,891,840 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in CNH Industrial during the third quarter worth $45,390,000. Finally, abrdn plc bought a new position in CNH Industrial during the fourth quarter worth $45,232,000. Institutional investors own 59.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CNHI has been the subject of several research analyst reports. The Goldman Sachs Group raised shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Wednesday, January 17th. Bank of America reaffirmed a “neutral” rating on shares of CNH Industrial in a research note on Monday. Evercore ISI lifted their price target on shares of CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. DA Davidson began coverage on shares of CNH Industrial in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 price target for the company. Finally, Oppenheimer reiterated a “market perform” rating on shares of CNH Industrial in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.20.

CNH Industrial Stock Performance

Shares of CNHI stock opened at $11.40 on Thursday. The firm has a market cap of $14.32 billion, a price-to-earnings ratio of 6.51 and a beta of 1.65. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32. CNH Industrial has a 52 week low of $9.77 and a 52 week high of $15.74. The firm’s 50-day simple moving average is $12.36 and its two-hundred day simple moving average is $11.74.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. CNH Industrial’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. As a group, equities analysts forecast that CNH Industrial will post 1.56 earnings per share for the current 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 paid a dividend of $0.47 per share. This is a boost from CNH Industrial’s previous annual dividend of $0.39. This represents a dividend yield of 3.71%. The ex-dividend date is Friday, May 10th.

CNH Industrial Profile

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.