Janus Henderson Group PLC Acquires 2,618,527 Shares of CNH Industrial NV (CNHI)

Janus Henderson Group PLC boosted its holdings in CNH Industrial NV (NYSE:CNHI) by 23.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 13,763,342 shares of the company’s stock after buying an additional 2,618,527 shares during the quarter. Janus Henderson Group PLC’s holdings in CNH Industrial were worth $165,539,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CNHI. Artemis Investment Management LLP acquired a new position in CNH Industrial during the 3rd quarter worth $60,650,000. Crossmark Global Holdings Inc. lifted its position in CNH Industrial by 17.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 87,740 shares of the company’s stock worth $1,054,000 after acquiring an additional 12,920 shares during the last quarter. Thornburg Investment Management Inc. acquired a new position in CNH Industrial during the 3rd quarter worth $10,276,000. Gabelli Funds LLC lifted its position in CNH Industrial by 7.2% during the 3rd quarter. Gabelli Funds LLC now owns 6,118,754 shares of the company’s stock worth $73,486,000 after acquiring an additional 409,300 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in CNH Industrial during the 3rd quarter worth $216,000. Hedge funds and other institutional investors own 19.09% of the company’s stock.

A number of research analysts have weighed in on CNHI shares. Stifel Nicolaus cut their target price on shares of CNH Industrial from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Monday, July 30th. Zacks Investment Research raised shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $13.00 target price for the company in a research report on Monday, July 30th. TheStreet upgraded shares of CNH Industrial from a “d+” rating to a “c” rating in a report on Friday, August 17th. Deutsche Bank initiated coverage on shares of CNH Industrial in a report on Wednesday, September 5th. They set a “hold” rating and a $158.00 price objective on the stock. Finally, Bank of America dropped their price objective on shares of CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, July 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.70.

NYSE:CNHI opened at $9.51 on Friday. CNH Industrial NV has a 52-week low of $9.34 and a 52-week high of $15.65. The company has a current ratio of 5.51, a quick ratio of 4.21 and a debt-to-equity ratio of 5.06. The stock has a market cap of $12.97 billion, a PE ratio of 19.81 and a beta of 1.22.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. CNH Industrial had a net margin of 2.59% and a return on equity of 22.36%. The company had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $7.04 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue was up .0% compared to the same quarter last year. On average, research analysts expect that CNH Industrial NV will post 0.73 earnings per share for the current year.

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CNH Industrial Company Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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

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