First New York Securities LLC NY raised its position in CNH Industrial NV (NASDAQ:CNHI) by 149,500.0% during the second quarter, Holdings Channel reports. The firm owned 149,600 shares of the company’s stock after buying an additional 149,500 shares during the period. CNH Industrial NV comprises about 0.7% of First New York Securities LLC NY’s portfolio, making the stock its 26th largest position. First New York Securities LLC NY’s holdings in CNH Industrial NV were worth $1,070,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the company. CIBC World Markets Inc. acquired a new stake in CNH Industrial NV during the second quarter worth $124,000. Bank of Montreal Can acquired a new stake in CNH Industrial NV during the second quarter worth $826,000. Finally, Acadian Asset Management LLC acquired a new stake in CNH Industrial NV during the second quarter worth $2,604,000.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded down 0.85% during trading on Tuesday, reaching $7.04. 587,409 shares of the company traded hands. The firm has a 50 day moving average of $7.35 and a 200 day moving average of $7.09. CNH Industrial NV has a 52 week low of $5.67 and a 52 week high of $7.91. The stock’s market capitalization is $9.58 billion.
CNH Industrial NV (NASDAQ:CNHI) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.65 billion. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. On average, equities analysts predict that CNH Industrial NV will post $0.34 EPS for the current year.
A number of analysts have recently weighed in on CNHI shares. Zacks Investment Research upgraded shares of CNH Industrial NV from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Wednesday, June 29th. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of CNH Industrial NV in a report on Friday, June 3rd. Citigroup Inc. reduced their target price on shares of CNH Industrial NV from $8.00 to $7.50 and set a “neutral” rating on the stock in a report on Friday, July 15th. Deutsche Bank AG started coverage on shares of CNH Industrial NV in a report on Tuesday, September 6th. They issued a “sell” rating and a $6.38 target price on the stock. Finally, Bank of America Corp. downgraded shares of CNH Industrial NV from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $9.00 to $6.00 in a report on Thursday, July 7th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.58.
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