First Trust Advisors LP increased its position in CNH Industrial NV (NASDAQ:CNHI) by 131.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,074 shares of the company’s stock after buying an additional 22,215 shares during the period. First Trust Advisors LP’s holdings in CNH Industrial NV were worth $279,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the company. Gabelli Funds LLC boosted its position in CNH Industrial NV by 3.8% in the second quarter. Gabelli Funds LLC now owns 4,393,896 shares of the company’s stock worth $31,416,000 after buying an additional 162,520 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in CNH Industrial NV by 2.4% in the second quarter. Gamco Investors INC. ET AL now owns 6,382,054 shares of the company’s stock worth $45,632,000 after buying an additional 146,756 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in CNH Industrial NV by 289.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 188,397 shares of the company’s stock worth $1,362,000 after buying an additional 140,000 shares in the last quarter. Exane Asset Management boosted its position in CNH Industrial NV by 10.1% in the second quarter. Exane Asset Management now owns 1,774,568 shares of the company’s stock worth $13,087,000 after buying an additional 162,219 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in CNH Industrial NV during the second quarter worth $172,667,000.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded up 0.334% during midday trading on Monday, reaching $7.505. The company’s stock had a trading volume of 133,542 shares. CNH Industrial NV has a 52-week low of $5.67 and a 52-week high of $7.91. The stock has a 50 day moving average price of $7.28 and a 200-day moving average price of $7.12. The company’s market capitalization is $10.22 billion.
CNH Industrial NV (NASDAQ:CNHI) last released its earnings results on Tuesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.05. The business earned $6.75 billion during the quarter, compared to analyst estimates of $6.65 billion. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. Equities research analysts expect that CNH Industrial NV will post $0.34 EPS for the current year.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded CNH Industrial NV from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Thursday. Deutsche Bank AG decreased their price target on CNH Industrial NV from $6.38 to $6.37 and set a “sell” rating for the company in a report on Wednesday, October 12th. Barclays PLC upped their price target on CNH Industrial NV from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Wednesday, October 12th. Citigroup Inc. decreased their price target on CNH Industrial NV from $8.00 to $7.50 and set a “neutral” rating for the company in a report on Friday, July 15th. Finally, Piper Jaffray Cos. cut CNH Industrial NV from a “neutral” rating to an “underweight” rating and set a $5.00 price target for the company. in a report on Monday, July 25th. Four analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.73.
CNH Industrial NV Company Profile
CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.