Advantage Trust Co Invests $51,000 in CNH Industrial (NYSE:CNHI)

Advantage Trust Co acquired a new stake in CNH Industrial (NYSE:CNHI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,160 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds have also made changes to their positions in CNHI. Commonwealth Equity Services LLC acquired a new position in CNH Industrial in the 3rd quarter worth approximately $255,000. Bank of New York Mellon Corp increased its stake in shares of CNH Industrial by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 6,188,035 shares of the company’s stock worth $74,875,000 after acquiring an additional 164,166 shares during the period. Strs Ohio purchased a new position in shares of CNH Industrial during the third quarter worth $1,278,000. Advisor Partners II LLC lifted its position in CNH Industrial by 14.6% during the third quarter. Advisor Partners II LLC now owns 20,219 shares of the company’s stock valued at $245,000 after purchasing an additional 2,574 shares during the period. Finally, Inspire Investing LLC purchased a new stake in CNH Industrial in the third quarter valued at $608,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Price Performance

Shares of CNHI stock traded up $0.15 on Thursday, reaching $11.80. 5,598,191 shares of the company were exchanged, compared to its average volume of 11,884,037. CNH Industrial has a 1 year low of $9.77 and a 1 year high of $15.74. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32. The business has a 50-day moving average price of $12.24 and a 200 day moving average price of $11.73. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 6.90 and a beta of 1.66.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.46 billion. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. CNH Industrial’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. Equities research analysts forecast that CNH Industrial will post 1.53 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. This represents a yield of 3.71%. CNH Industrial’s payout ratio is presently 27.49%.

Analysts Set New Price Targets

A number of research firms have weighed in on CNHI. Oppenheimer reiterated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, April 16th. Robert W. Baird boosted their price target on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Truist Financial dropped their price objective on shares of CNH Industrial from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday. DA Davidson began coverage on shares of CNH Industrial in a report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 target price for the company. Finally, The Goldman Sachs Group raised 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. 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.20.

CNH Industrial Profile

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.