CNH Industrial NV (NYSE:CNHI) Stake Decreased by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. lessened its holdings in shares of CNH Industrial NV (NYSE:CNHI) by 21.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 23,458 shares of the company’s stock after selling 6,379 shares during the quarter. Wetherby Asset Management Inc.’s holdings in CNH Industrial were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of CNH Industrial during the second quarter valued at approximately $126,000. BNP Paribas Arbitrage SA acquired a new stake in shares of CNH Industrial in the 1st quarter valued at $146,000. Oppenheimer Asset Management Inc. lifted its stake in shares of CNH Industrial by 1,606.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 14,453 shares of the company’s stock valued at $147,000 after purchasing an additional 13,606 shares during the last quarter. Greenleaf Trust lifted its stake in shares of CNH Industrial by 13.0% in the 2nd quarter. Greenleaf Trust now owns 14,571 shares of the company’s stock valued at $150,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Cornerstone Wealth Group LLC acquired a new stake in shares of CNH Industrial in the 1st quarter valued at $167,000. 21.03% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the stock. ValuEngine lowered shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Deutsche Bank raised shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 price objective for the company in a research note on Tuesday, June 18th. Zacks Investment Research lowered shares of CNH Industrial from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, TheStreet raised shares of CNH Industrial from a “c” rating to a “b” rating in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. CNH Industrial currently has a consensus rating of “Hold” and an average target price of $11.50.

Shares of CNHI stock traded down $0.18 on Friday, hitting $9.14. The company’s stock had a trading volume of 1,584,413 shares, compared to its average volume of 1,460,356. The company has a debt-to-equity ratio of 4.44, a current ratio of 5.34 and a quick ratio of 4.01. CNH Industrial NV has a fifty-two week low of $8.41 and a fifty-two week high of $12.68. The firm’s fifty day moving average price is $10.20. The firm has a market cap of $12.37 billion, a PE ratio of 11.43 and a beta of 1.35.

CNH Industrial (NYSE:CNHI) last announced its earnings results on Thursday, August 1st. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.80 billion. CNH Industrial had a net margin of 3.97% and a return on equity of 22.56%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. As a group, equities analysts predict that CNH Industrial NV will post 0.85 EPS for the current fiscal year.

CNH Industrial 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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