Bank of Italy Sells 5,731,008 Shares of CNH Industrial (NYSE:CNHI)

Bank of Italy decreased its position in shares of CNH Industrial (NYSE:CNHI) by 25.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,376,391 shares of the company’s stock after selling 5,731,008 shares during the quarter. CNH Industrial makes up approximately 6.6% of Bank of Italy’s holdings, making the stock its 6th largest holding. Bank of Italy owned about 1.23% of CNH Industrial worth $200,503,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. bought a new stake in shares of CNH Industrial during the 4th quarter valued at $25,000. Alta Advisers Ltd bought a new stake in shares of CNH Industrial in the 3rd quarter valued at $40,000. BKM Wealth Management LLC bought a new stake in shares of CNH Industrial in the 4th quarter valued at $49,000. Desjardins Global Asset Management Inc. bought a new stake in shares of CNH Industrial in the 4th quarter valued at $55,000. Finally, CWM LLC increased its position in shares of CNH Industrial by 29.3% in the 3rd quarter. CWM LLC now owns 5,383 shares of the company’s stock valued at $65,000 after buying an additional 1,220 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CNHI shares. Truist Financial assumed coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They issued a “buy” rating and a $18.00 price objective for the company. DA Davidson assumed coverage on shares of CNH Industrial in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price for the company. StockNews.com lowered shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Bank of America reaffirmed a “neutral” rating on shares of CNH Industrial in a research note on Monday, April 22nd. Finally, Robert W. Baird upped their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, CNH Industrial presently has an average rating of “Hold” and a consensus price target of $15.20.

CNH Industrial Stock Performance

NYSE:CNHI traded up $0.36 during mid-day trading on Thursday, hitting $11.69. The stock had a trading volume of 17,952,619 shares, compared to its average volume of 12,128,155. CNH Industrial has a twelve month low of $9.77 and a twelve month high of $15.74. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 6.46 and a beta of 1.66. The company’s 50 day simple moving average is $12.28 and its 200 day simple moving average is $11.72. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32.

CNH Industrial (NYSE:CNHI) last issued its earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.50 billion. During the same period last year, the business posted $0.36 EPS. CNH Industrial’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts forecast that CNH Industrial will post 1.56 earnings per share 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 $0.47 dividend. This is an increase from CNH Industrial’s previous annual dividend of $0.39. This represents a yield of 3.71%. The ex-dividend date is Friday, May 10th.

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.