Rockefeller Capital Management L.P. Acquires 9,798 Shares of CNH Industrial (NYSE:CNHI)

Rockefeller Capital Management L.P. lifted its holdings in shares of CNH Industrial (NYSE:CNHI) by 51.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,817 shares of the company’s stock after purchasing an additional 9,798 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in CNH Industrial were worth $480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Odey Asset Management Group Ltd increased its holdings in shares of CNH Industrial by 1.6% during the first quarter. Odey Asset Management Group Ltd now owns 1,985,304 shares of the company’s stock worth $30,786,000 after purchasing an additional 30,982 shares during the period. Schroder Investment Management Group increased its stake in CNH Industrial by 157.4% in the first quarter. Schroder Investment Management Group now owns 16,749,233 shares of the company’s stock valued at $221,007,000 after acquiring an additional 10,243,221 shares during the last quarter. Meristem Family Wealth LLC bought a new stake in shares of CNH Industrial during the second quarter worth $318,000. CIBC World Markets Inc. bought a new stake in shares of CNH Industrial during the first quarter worth $1,332,000. Finally, Janus Henderson Group PLC grew its stake in shares of CNH Industrial by 4.6% during the first quarter. Janus Henderson Group PLC now owns 4,303,604 shares of the company’s stock worth $66,766,000 after buying an additional 188,444 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors.

CNHI has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of CNH Industrial from a “strong-buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a report on Friday, July 16th. Oppenheimer restated a “hold” rating on shares of CNH Industrial in a report on Monday, June 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.57.

Shares of CNHI stock opened at $17.23 on Friday. CNH Industrial has a 52-week low of $7.38 and a 52-week high of $18.49. The company has a debt-to-equity ratio of 4.07, a quick ratio of 3.92 and a current ratio of 4.97. The company has a 50-day simple moving average of $16.50 and a two-hundred day simple moving average of $16.31. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 74.91 and a beta of 1.72.

CNH Industrial (NYSE:CNHI) last released its earnings results on Friday, July 30th. The company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.15. The firm had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $7.73 billion. CNH Industrial had a net margin of 1.02% and a return on equity of 29.43%. The company’s quarterly revenue was up 59.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) earnings per share. On average, sell-side analysts forecast that CNH Industrial will post 1.32 EPS for the current fiscal year.

About CNH Industrial

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through five segments: Agriculture, Construction, Commercial and Specialty Vehicles, Powertrain, and Financial.

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

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