Nordea Investment Management AB Acquires 10,831 Shares of CNH Industrial N.V. $CNH

Nordea Investment Management AB raised its stake in CNH Industrial N.V. (NYSE:CNH) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,598 shares of the company’s stock after purchasing an additional 10,831 shares during the period. Nordea Investment Management AB’s holdings in CNH Industrial were worth $1,782,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Callan Family Office LLC boosted its holdings in shares of CNH Industrial by 324.7% during the 2nd quarter. Callan Family Office LLC now owns 88,528 shares of the company’s stock worth $1,147,000 after buying an additional 67,684 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of CNH Industrial in the first quarter valued at approximately $1,570,000. Polianta Ltd acquired a new position in shares of CNH Industrial in the second quarter valued at approximately $1,310,000. GAMMA Investing LLC increased its stake in shares of CNH Industrial by 169.2% during the first quarter. GAMMA Investing LLC now owns 7,225 shares of the company’s stock worth $89,000 after purchasing an additional 4,541 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in CNH Industrial by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,875 shares of the company’s stock worth $1,386,000 after purchasing an additional 4,077 shares during the last quarter. 59.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of CNH Industrial stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total value of $153,755.63. Following the transaction, the insider owned 14,940 shares in the company, valued at $187,198.20. The trade was 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. 1.00% of the stock is owned by company insiders.

CNH Industrial Price Performance

CNH stock opened at $10.61 on Thursday. The company’s 50-day moving average price is $11.16 and its two-hundred day moving average price is $12.09. The firm has a market cap of $13.26 billion, a P/E ratio of 16.32 and a beta of 1.51. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. CNH Industrial N.V. has a 12 month low of $9.87 and a 12 month high of $14.27.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) 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 business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter last year, the business posted $0.38 EPS. The firm’s revenue for the quarter was down 14.2% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, analysts anticipate that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CNH has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of CNH Industrial in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 2nd. Barclays dropped their price objective on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday. Raymond James Financial decreased their target price on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Oppenheimer lowered their target price on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.65.

CNH Industrial Company Profile

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.