It is trading at $12.70 which is a tad above the 50 day moving average of $11.98 and which is significantly higher than the 200 day moving average of $11.44. The 50 day moving average moved up $0.72 whereas the 200 day average was up by +11.01%. Trading was heavy with 5,380K shares changing hands by the end of trading on Tuesday. Trading volume was up 280.11% over the stocks average daily volume.
Traders are a little more bearish on the company recently if you look at the increase in short interest. The company saw a rise in short interest from September 29, 2017 to October 13, 2017 of 8.19%. Short interest increased from 8,356,595 to 9,041,211 over that timeframe. With short interest at 9,041,211 and short average daily volume at 1,063,719, the short-interest ratio is 8.0 and the percentage of shorted shares is 0.01% as of October 13.
These funds have shifted positions in (CNHI). First Trust Advisors Lp augmented its investment by buying 3,925 shares an increase of 23.5% as of 09/30/2017. First Trust Advisors Lp claims 20,652 shares valued at $248,000. The total value of its holdings increased 30.5%. Third Avenue Management LLC reduced its position by selling 25,500 shares a decrease of 8.8% in the quarter. Third Avenue Management LLC now controls 265,100 shares with a value of $3,184,000. The value of the position overall is down by 3.7%.
As of the end of the quarter Regions Financial Corp had disposed of a total of 18,804 shares trimming its stake by 21.3%. The value of the investment in CNHI decreased from $1,005,000 to $834,000 decreasing 17.0% quarter to quarter. Aperio Group, LLC expanded its stake by buying 12,971 shares an increase of 2.8% from 06/30/2017 to 09/30/2017. Aperio Group, LLC controls 468,905 shares worth $5,632,000. The total value of its holdings increased 8.5%.
CNH Industrial N.V. currently has a P/E ratio of 40.97 and the market cap of the company is 17.32B. As of the latest earnings report the EPS was $0.31 and is projected to be $0.46 for the current year with 1,364,122,000 shares now outstanding. Next quarter’s EPS is expected be $0.15 and the next full year EPS is projected to be $0.57.
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. It also offers specialty vehicles for firefighting, defense, and other uses; engines, transmissions, and axles for its vehicles. The Agricultural Equipment segment provides farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors, combines, cotton pickers, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements, and material handling equipment. This segment offers its products under the New Holland Agriculture, Case IH Agriculture, Steyr, and Miller brand names. The Construction Equipment segment offers excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, compact track loaders, and telehandlers, under the New Holland Construction and Case Construction brand names. The Commercial Vehicles segment provides light, medium, and heavy vehicles for the transportation and distribution of goods under the Iveco brand name; commuter buses and touring coaches under the Iveco Bus and Heuliez Bus brand names; quarry and mining equipment under the Iveco Astra name; and firefighting vehicles under the Magirus brand name, as well as vehicles for civil defense and peace-keeping missions under the Iveco Defence Vehicles brand name. The Powertrain segment offers propulsion and transmission systems and axles for on-and off-road applications, as well as engines for marine application and power generation through the FPT Industrial brand. The Financial Services segment provides and administers retail financing to customers for the purchase or lease of new and used industrial equipment or vehicles, and other equipment; and wholesale financing, which consists primarily of floor plan financing to CNH Industrial dealers. CNH Industrial N.V. is based in London, the United Kingdom..