Marathon Asset Management Ltd Reduces Holdings in CNH Industrial N.V. $CNH

Marathon Asset Management Ltd lowered its position in CNH Industrial N.V. (NYSE:CNH) by 4.4% in the third quarter, HoldingsChannel.com reports. The fund owned 12,473,058 shares of the company’s stock after selling 578,939 shares during the quarter. CNH Industrial accounts for approximately 5.0% of Marathon Asset Management Ltd’s portfolio, making the stock its biggest holding. Marathon Asset Management Ltd’s holdings in CNH Industrial were worth $135,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in shares of CNH Industrial in the 1st quarter valued at about $1,847,000. OMERS ADMINISTRATION Corp increased its position in CNH Industrial by 17.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 169,446 shares of the company’s stock worth $2,081,000 after buying an additional 25,571 shares during the last quarter. State of Wyoming bought a new stake in CNH Industrial in the first quarter valued at approximately $367,000. Twin Tree Management LP raised its stake in CNH Industrial by 1,068.0% in the first quarter. Twin Tree Management LP now owns 2,362 shares of the company’s stock valued at $29,000 after buying an additional 2,606 shares during the period. Finally, DRW Securities LLC acquired a new stake in shares of CNH Industrial in the first quarter valued at approximately $240,000. Institutional investors own 59.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CNH shares. Truist Financial reissued a “buy” rating and set a $13.00 target price (down from $14.00) on shares of CNH Industrial in a report on Monday, November 10th. Barclays reduced their price objective on shares of CNH Industrial from $14.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, December 22nd. JPMorgan Chase & Co. downgraded shares of CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a report on Friday, November 28th. Citigroup cut their target price on shares of CNH Industrial from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, Oppenheimer reduced their target price on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.09.

CNH Industrial Price Performance

Shares of CNH Industrial stock opened at $9.45 on Monday. The company has a quick ratio of 10.82, a current ratio of 13.01 and a debt-to-equity ratio of 3.49. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 20.10 and a beta of 1.32. CNH Industrial N.V. has a twelve month low of $9.00 and a twelve month high of $14.27. The company has a 50-day simple moving average of $9.86 and a two-hundred day simple moving average of $11.29.

CNH Industrial (NYSE:CNH) last announced its earnings results on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). CNH Industrial had a return on equity of 8.32% and a net margin of 3.35%.The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. Analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current year.

Insiders Place Their Bets

In related news, Director Suzanne Heywood bought 52,522 shares of CNH Industrial stock in a transaction dated Tuesday, November 18th. The shares were bought at an average cost of $9.52 per share, with a total value of $500,009.44. Following the acquisition, the director owned 619,427 shares in the company, valued at $5,896,945.04. This trade represents a 9.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Howard W. Buffett purchased 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average price of $9.68 per share, for a total transaction of $58,080.00. Following the transaction, the director directly owned 29,303 shares of the company’s stock, valued at $283,653.04. This trade represents a 25.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 73,007 shares of company stock worth $700,182 in the last 90 days. Company insiders own 0.23% of the company’s stock.

About CNH Industrial

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.