Raymond James Financial Services Advisors Inc. Cuts Stock Holdings in CNH Industrial (NYSE:CNHI)

Raymond James Financial Services Advisors Inc. lowered its stake in CNH Industrial (NYSE:CNHI) by 23.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,708 shares of the company’s stock after selling 6,127 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in CNH Industrial were worth $240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC grew its holdings in shares of CNH Industrial by 29.3% in the third quarter. CWM LLC now owns 5,383 shares of the company’s stock valued at $65,000 after purchasing an additional 1,220 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of CNH Industrial by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company’s stock worth $4,458,000 after buying an additional 1,223 shares during the last quarter. Signaturefd LLC raised its position in shares of CNH Industrial by 8.7% during the 3rd quarter. Signaturefd LLC now owns 17,338 shares of the company’s stock valued at $210,000 after buying an additional 1,382 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of CNH Industrial by 0.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 386,920 shares of the company’s stock valued at $4,682,000 after acquiring an additional 1,470 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its position in CNH Industrial by 4.7% in the third quarter. Banque Cantonale Vaudoise now owns 35,880 shares of the company’s stock worth $438,000 after acquiring an additional 1,624 shares in the last quarter. Institutional investors own 59.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Truist Financial assumed coverage on CNH Industrial in a research note on Thursday, March 14th. They issued a “buy” rating and a $18.00 price objective for the company. Evercore ISI increased their target price 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 started coverage on shares of CNH Industrial in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price target for the company. The Goldman Sachs Group upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, January 17th. Finally, Morgan Stanley initiated coverage on shares of CNH Industrial in a research note on Monday, January 8th. They issued an “equal weight” rating and a $12.70 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.20.

CNH Industrial Trading Up 0.7 %

CNHI opened at $11.59 on Wednesday. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The stock’s fifty day moving average is $12.37 and its two-hundred day moving average is $11.74. The company has a market capitalization of $14.55 billion, a P/E ratio of 6.62 and a beta of 1.65. CNH Industrial has a 52 week low of $9.77 and a 52 week high of $15.74.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.50 billion. During the same quarter last year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts forecast that CNH Industrial will post 1.56 earnings per share for the current year.

CNH Industrial Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.47 per share. The ex-dividend date is Friday, May 10th. This is an increase from CNH Industrial’s previous annual dividend of $0.39. This represents a dividend yield of 3.71%.

About CNH Industrial

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.