CNH Industrial N.V. $CNH Stock Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its position in CNH Industrial N.V. (NYSE:CNH) by 93.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,737 shares of the company’s stock after selling 50,981 shares during the quarter. International Assets Investment Management LLC’s holdings in CNH Industrial were worth $48,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CNH. Bessemer Group Inc. grew its stake in CNH Industrial by 4.0% in the first quarter. Bessemer Group Inc. now owns 29,415 shares of the company’s stock valued at $323,000 after acquiring an additional 1,121 shares during the period. Sax Wealth Advisors LLC raised its holdings in CNH Industrial by 8.4% during the third quarter. Sax Wealth Advisors LLC now owns 16,066 shares of the company’s stock worth $206,000 after buying an additional 1,247 shares during the last quarter. Cloverfields Capital Group LP lifted its stake in shares of CNH Industrial by 1.0% in the first quarter. Cloverfields Capital Group LP now owns 136,220 shares of the company’s stock valued at $1,498,000 after buying an additional 1,304 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of CNH Industrial by 33.4% in the first quarter. Parallel Advisors LLC now owns 6,325 shares of the company’s stock valued at $70,000 after buying an additional 1,585 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of CNH Industrial by 41.2% during the first quarter. Fifth Third Bancorp now owns 6,932 shares of the company’s stock valued at $76,000 after buying an additional 2,021 shares during the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

CNH Industrial Stock Up 2.8%

NYSE:CNH traded up $0.32 on Friday, hitting $11.56. The stock had a trading volume of 16,271,194 shares, compared to its average volume of 16,576,522. CNH Industrial N.V. has a 1 year low of $9.00 and a 1 year high of $14.46. The firm’s fifty day simple moving average is $12.55 and its two-hundred day simple moving average is $11.35. The company has a debt-to-equity ratio of 3.33, a quick ratio of 10.16 and a current ratio of 12.23. The stock has a market cap of $14.31 billion, a P/E ratio of 46.26 and a beta of 1.23.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CNH shares. Barclays upped their target price on shares of CNH Industrial from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. Robert W. Baird upgraded CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 target price on the stock in a report on Monday, August 31st. Citigroup lifted their target price on CNH Industrial from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. DA Davidson reiterated a “neutral” rating and set a $12.00 price target on shares of CNH Industrial in a report on Wednesday, August 19th. Finally, Weiss Ratings upgraded CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.39.

CNH Industrial Company Profile

CNH Industrial N.V. (NYSE: CNH) is a global equipment, technology and services company focused primarily on agriculture and construction. The company develops, manufactures and distributes machinery and solutions used by farmers, contractors and other customers in industries that support food production, infrastructure and land management.

Its agriculture portfolio includes tractors, combines, harvesting equipment, hay and forage machinery, planting and seeding systems, crop protection equipment and precision-agriculture technologies.