CNH Industrial NV (NYSE:CNHI) Short Interest Update

CNH Industrial NV (NYSE:CNHI) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 8,650,800 shares, an increase of 25.4% from the April 30th total of 6,899,000 shares. Based on an average daily volume of 2,080,000 shares, the short-interest ratio is presently 4.2 days. Approximately 0.9% of the shares of the company are sold short.

Several institutional investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. grew its position in shares of CNH Industrial by 25.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 16,786,786 shares of the company’s stock worth $171,225,000 after acquiring an additional 3,408,301 shares during the last quarter. Bank of Italy grew its position in CNH Industrial by 11.1% in the 1st quarter. Bank of Italy now owns 7,571,910 shares of the company’s stock valued at $77,108,000 after buying an additional 757,000 shares in the last quarter. Gabelli Funds LLC grew its position in CNH Industrial by 1.4% in the 1st quarter. Gabelli Funds LLC now owns 6,322,754 shares of the company’s stock valued at $64,492,000 after buying an additional 90,200 shares in the last quarter. Barclays PLC grew its position in CNH Industrial by 18.6% in the 4th quarter. Barclays PLC now owns 5,647,512 shares of the company’s stock valued at $52,012,000 after buying an additional 885,520 shares in the last quarter. Finally, Swiss National Bank grew its position in CNH Industrial by 3.8% in the 1st quarter. Swiss National Bank now owns 4,776,669 shares of the company’s stock valued at $48,606,000 after buying an additional 174,928 shares in the last quarter. Institutional investors and hedge funds own 21.02% of the company’s stock.

CNHI stock traded up $0.13 during trading on Thursday, hitting $10.24. 24,386 shares of the company’s stock traded hands, compared to its average volume of 1,561,892. The company has a debt-to-equity ratio of 4.42, a current ratio of 5.33 and a quick ratio of 4.03. CNH Industrial has a 52 week low of $8.41 and a 52 week high of $12.68. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 12.79 and a beta of 1.27.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.76 billion. CNH Industrial had a net margin of 3.84% and a return on equity of 23.01%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. As a group, analysts expect that CNH Industrial will post 0.87 EPS for the current fiscal year.

Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of CNH Industrial from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, April 9th. ValuEngine lowered shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Deutsche Bank upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a research note on Tuesday. Finally, TheStreet upgraded shares of CNH Industrial from a “c” rating to a “b” rating in a research note on Wednesday, May 15th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.50.

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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