CNH Industrial (NYSE:CNHI) was the recipient of a significant growth in short interest in May. As of May 28th, there was short interest totalling 6,220,000 shares, a growth of 32.3% from the May 13th total of 4,700,000 shares. Based on an average trading volume of 2,770,000 shares, the short-interest ratio is currently 2.2 days. Approximately 0.6% of the company’s stock are short sold.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Liberty Wealth Management LLC bought a new position in CNH Industrial in the 4th quarter valued at about $33,000. Altshuler Shaham Ltd bought a new position in CNH Industrial in the 1st quarter valued at about $41,000. Bessemer Group Inc. bought a new position in CNH Industrial in the 4th quarter valued at about $63,000. Sargent Bickham Lagudis LLC grew its position in CNH Industrial by 166.7% in the 1st quarter. Sargent Bickham Lagudis LLC now owns 4,000 shares of the company’s stock valued at $63,000 after buying an additional 2,500 shares in the last quarter. Finally, Signaturefd LLC grew its position in CNH Industrial by 67.4% in the 4th quarter. Signaturefd LLC now owns 6,373 shares of the company’s stock valued at $82,000 after buying an additional 2,566 shares in the last quarter. Hedge funds and other institutional investors own 36.69% of the company’s stock.
Shares of CNHI stock traded down $0.19 during trading hours on Wednesday, reaching $17.18. The stock had a trading volume of 2,169,856 shares, compared to its average volume of 2,706,169. The company has a quick ratio of 4.05, a current ratio of 5.12 and a debt-to-equity ratio of 4.36. CNH Industrial has a twelve month low of $6.61 and a twelve month high of $18.49. The company’s 50-day simple moving average is $16.42. The company has a market cap of $23.26 billion, a price-to-earnings ratio of -867.00 and a beta of 1.72.
CNH Industrial (NYSE:CNHI) last released its quarterly earnings data on Tuesday, May 4th. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.17. CNH Industrial had a negative net margin of 0.07% and a positive return on equity of 17.13%. The business had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $6.63 billion. During the same quarter last year, the company earned $0.06 EPS. The company’s revenue for the quarter was up 37.3% compared to the same quarter last year. Analysts predict that CNH Industrial will post 1.13 EPS for the current year.
Several research firms recently issued reports on CNHI. Citigroup began coverage on shares of CNH Industrial in a report on Thursday, February 18th. They issued a “buy” rating and a $19.00 price target on the stock. AlphaValue raised shares of CNH Industrial to a “sell” rating in a report on Friday, April 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of CNH Industrial from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, April 13th. Zacks Investment Research raised shares of CNH Industrial from a “sell” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a report on Thursday, April 15th. Finally, Evercore ISI increased their target price on shares of CNH Industrial from $18.00 to $25.00 in a report on Wednesday, May 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.67.
CNH Industrial Company Profile
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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