Aberdeen Group plc Acquires 153,638 Shares of CNH Industrial N.V. $CNH

Aberdeen Group plc lifted its holdings in CNH Industrial N.V. (NYSE:CNHFree Report) by 16.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,103,864 shares of the company’s stock after buying an additional 153,638 shares during the period. Aberdeen Group plc owned about 0.09% of CNH Industrial worth $14,306,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in CNH Industrial by 186.0% during the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock valued at $1,113,847,000 after purchasing an additional 58,991,632 shares during the last quarter. Alliancebernstein L.P. grew its holdings in CNH Industrial by 125.8% during the 1st quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company’s stock valued at $223,750,000 after purchasing an additional 10,149,760 shares during the last quarter. Nuveen LLC bought a new position in CNH Industrial during the 1st quarter valued at about $29,143,000. Invesco Ltd. grew its holdings in CNH Industrial by 89.1% during the 1st quarter. Invesco Ltd. now owns 4,907,506 shares of the company’s stock valued at $60,264,000 after purchasing an additional 2,311,887 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in CNH Industrial by 443.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,663,248 shares of the company’s stock valued at $21,556,000 after purchasing an additional 1,357,271 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CNH Industrial

In related news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total transaction of $153,755.63. Following the completion of the sale, the insider owned 14,940 shares of the company’s stock, valued at $187,198.20. This represents a 45.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.23% of the company’s stock.

CNH Industrial Price Performance

Shares of CNH opened at $10.27 on Wednesday. The company has a 50 day moving average price of $11.40 and a 200-day moving average price of $12.15. CNH Industrial N.V. has a fifty-two week low of $9.87 and a fifty-two week high of $14.27. The stock has a market capitalization of $12.84 billion, a PE ratio of 15.80 and a beta of 1.51. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33.

CNH Industrial (NYSE:CNHGet Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The company’s revenue was down 14.2% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Equities analysts predict that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CNH has been the topic of several analyst reports. Truist Financial cut their price target on shares of CNH Industrial from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of CNH Industrial in a research report on Wednesday, October 8th. Oppenheimer lowered their price objective on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. JPMorgan Chase & Co. lowered their price objective on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, September 2nd. Finally, The Goldman Sachs Group cut shares of CNH Industrial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.77.

View Our Latest Stock Analysis on CNH

CNH Industrial Profile

(Free Report)

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.

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Institutional Ownership by Quarter for CNH Industrial (NYSE:CNH)

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