MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 28,284 Shares of CNH Industrial (NYSE:CNHI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in CNH Industrial (NYSE:CNHIGet Rating) by 22.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,126 shares of the company’s stock after buying an additional 28,284 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in CNH Industrial were worth $2,467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in CNH Industrial during the fourth quarter valued at $421,847,000. Schroder Investment Management Group increased its stake in shares of CNH Industrial by 61.3% in the 4th quarter. Schroder Investment Management Group now owns 28,057,331 shares of the company’s stock worth $478,938,000 after acquiring an additional 10,660,436 shares in the last quarter. Southpoint Capital Advisors LP lifted its position in CNH Industrial by 57.4% during the 4th quarter. Southpoint Capital Advisors LP now owns 15,000,000 shares of the company’s stock valued at $291,450,000 after acquiring an additional 5,468,877 shares during the period. Marshall Wace LLP boosted its stake in CNH Industrial by 4,283.9% during the fourth quarter. Marshall Wace LLP now owns 5,300,998 shares of the company’s stock worth $102,899,000 after acquiring an additional 5,180,077 shares in the last quarter. Finally, Davidson Kempner Capital Management LP grew its holdings in CNH Industrial by 624.9% in the fourth quarter. Davidson Kempner Capital Management LP now owns 5,100,541 shares of the company’s stock worth $99,079,000 after purchasing an additional 4,396,941 shares during the period. Institutional investors and hedge funds own 38.58% of the company’s stock.

CNHI has been the topic of several recent research reports. Morgan Stanley cut their price target on CNH Industrial from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Monday, April 18th. Deutsche Bank Aktiengesellschaft cut their target price on CNH Industrial from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, April 14th. UBS Group set a $18.00 price target on CNH Industrial in a research report on Monday. StockNews.com started coverage on shares of CNH Industrial in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of CNH Industrial from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, March 28th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.39.

CNHI opened at $12.45 on Thursday. The company’s 50-day simple moving average is $14.36 and its two-hundred day simple moving average is $15.50. The company has a debt-to-equity ratio of 3.80, a quick ratio of 5.48 and a current ratio of 6.93. The stock has a market capitalization of $16.88 billion, a P/E ratio of 10.29 and a beta of 1.67. CNH Industrial has a 52-week low of $12.37 and a 52-week high of $19.69.

CNH Industrial (NYSE:CNHIGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. CNH Industrial had a net margin of 5.39% and a return on equity of 28.90%. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts forecast that CNH Industrial will post 1.36 EPS for the current fiscal year.

CNH Industrial Company Profile (Get Rating)

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through five segments: Agriculture, Construction, Commercial and Specialty Vehicles, Powertrain, and Financial.

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Institutional Ownership by Quarter for CNH Industrial (NYSE:CNHI)

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