Kraft Davis & Associates LLC Buys Shares of 38,896 CNH Industrial (NYSE:CNHI)

Kraft Davis & Associates LLC bought a new position in shares of CNH Industrial (NYSE:CNHI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 38,896 shares of the company’s stock, valued at approximately $465,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cannon Global Investment Management LLC acquired a new stake in shares of CNH Industrial in the 4th quarter worth approximately $426,000. Xponance Inc. increased its holdings in CNH Industrial by 34.5% during the 4th quarter. Xponance Inc. now owns 46,415 shares of the company’s stock valued at $565,000 after acquiring an additional 11,912 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of CNH Industrial during the 4th quarter worth approximately $822,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CNH Industrial by 1.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 515,969 shares of the company’s stock worth $6,315,000 after buying an additional 9,190 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. acquired a new position in shares of CNH Industrial in the fourth quarter worth $55,000. 59.88% of the stock is owned by institutional investors and hedge funds.

CNH Industrial Stock Down 0.7 %

CNHI stock traded down $0.09 during midday trading on Friday, hitting $12.31. 6,883,375 shares of the company’s stock were exchanged, compared to its average volume of 11,703,841. The firm has a 50 day moving average price of $12.39 and a 200-day moving average price of $11.74. CNH Industrial has a 12-month low of $9.77 and a 12-month high of $15.74. The stock has a market capitalization of $15.46 billion, a price-to-earnings ratio of 7.03 and a beta of 1.65. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. On average, analysts anticipate that CNH Industrial will post 1.56 EPS for the current year.

CNH Industrial Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be paid a dividend of $0.47 per share. The ex-dividend date is Friday, May 10th. This represents a yield of 3.71%. This is a boost from CNH Industrial’s previous annual dividend of $0.39.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CNHI. The Goldman Sachs Group raised shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, January 17th. Morgan Stanley assumed coverage on shares of CNH Industrial in a report on Monday, January 8th. They issued an “equal weight” rating and a $12.70 price target on the stock. Robert W. Baird upped their price objective on CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Oppenheimer restated a “market perform” rating on shares of CNH Industrial in a report on Tuesday. Finally, StockNews.com cut CNH Industrial from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.20.

About CNH Industrial

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.