Fosun International Ltd Raises Position in CNH Industrial (NYSE:CNHI)

Fosun International Ltd boosted its stake in CNH Industrial (NYSE:CNHI) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,130 shares of the company’s stock after buying an additional 3,000 shares during the quarter. CNH Industrial makes up approximately 0.2% of Fosun International Ltd’s portfolio, making the stock its 22nd largest holding. Fosun International Ltd’s holdings in CNH Industrial were worth $818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNHI. Arizona State Retirement System acquired a new stake in CNH Industrial in the 4th quarter valued at about $3,429,000. Daiwa Securities Group Inc. acquired a new stake in shares of CNH Industrial during the 4th quarter worth approximately $822,000. Jump Financial LLC increased its holdings in shares of CNH Industrial by 40.3% during the 3rd quarter. Jump Financial LLC now owns 210,402 shares of the company’s stock worth $2,546,000 after buying an additional 60,398 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of CNH Industrial by 38.9% during the 3rd quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after buying an additional 14,348,475 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of CNH Industrial by 62.4% during the 4th quarter. Raymond James & Associates now owns 343,495 shares of the company’s stock worth $4,184,000 after buying an additional 131,965 shares during the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Stock Performance

NYSE:CNHI traded up $0.03 during midday trading on Thursday, reaching $11.68. The stock had a trading volume of 1,066,325 shares, compared to its average volume of 11,830,037. The firm has a fifty day simple moving average of $12.24 and a two-hundred day simple moving average of $11.72. CNH Industrial has a 12-month low of $9.77 and a 12-month high of $15.74. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The stock has a market cap of $14.67 billion, a P/E ratio of 6.81 and a beta of 1.66.

CNH Industrial (NYSE:CNHI) last released its earnings results on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the company earned $0.35 earnings per share. CNH Industrial’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, equities analysts expect that CNH Industrial will post 1.53 EPS for the current year.

CNH Industrial Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be issued a $0.47 dividend. This represents a dividend yield of 3.71%. The ex-dividend date is Friday, May 10th. This is an increase from CNH Industrial’s previous annual dividend of $0.39.

Analysts Set New Price Targets

CNHI has been the subject of a number of research analyst reports. Evercore ISI increased their price objective on shares of CNH Industrial from $11.50 to $13.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. StockNews.com cut shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. DA Davidson initiated coverage on shares of CNH Industrial in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of CNH Industrial from $14.50 to $14.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Finally, Bank of America reissued a “neutral” rating on shares of CNH Industrial in a research report on Monday, April 22nd. 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.20.

CNH Industrial Company 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.