Bank of New York Mellon Corp Purchases 13,413,731 Shares of CNH Industrial N.V. $CNH

Bank of New York Mellon Corp grew its position in CNH Industrial N.V. (NYSE:CNH) by 267.6% during the first quarter, Holdings Channel reports. The institutional investor owned 18,425,651 shares of the company’s stock after acquiring an additional 13,413,731 shares during the quarter. Bank of New York Mellon Corp’s holdings in CNH Industrial were worth $202,682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in shares of CNH Industrial during the 3rd quarter worth approximately $29,000. Elevation Wealth Partners LLC acquired a new position in shares of CNH Industrial during the fourth quarter worth $31,000. Advisory Services Network LLC acquired a new position in shares of CNH Industrial during the third quarter worth $37,000. Rothschild Investment LLC lifted its holdings in shares of CNH Industrial by 1,734.2% during the 4th quarter. Rothschild Investment LLC now owns 3,485 shares of the company’s stock valued at $32,000 after purchasing an additional 3,295 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of CNH Industrial by 923.2% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock valued at $47,000 after purchasing an additional 3,296 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CNH shares. Weiss Ratings cut CNH Industrial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Citigroup upped their target price on CNH Industrial from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, April 13th. The Goldman Sachs Group cut CNH Industrial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $12.00 to $10.50 in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their price target on CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Monday, July 13th. Finally, Evercore set a $12.25 price target on CNH Industrial in a research note on Monday, May 11th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.77.

CNH Industrial Stock Up 0.5%

CNH Industrial stock opened at $10.65 on Friday. The business’s 50-day moving average price is $10.56 and its 200 day moving average price is $10.87. The company has a quick ratio of 10.17, a current ratio of 12.27 and a debt-to-equity ratio of 3.32. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.47 and a beta of 1.14. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $13.48.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. CNH Industrial had a return on equity of 7.48% and a net margin of 2.13%.The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the company posted $0.10 earnings per share. CNH Industrial’s revenue for the quarter was down .1% on a year-over-year basis. CNH Industrial has set its FY 2026 guidance at 0.35-0.45 EPS. As a group, sell-side analysts anticipate that CNH Industrial N.V. will post 0.41 earnings per share for the current year.

Insider Buying and Selling at CNH Industrial

In other news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of CNH Industrial stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $10.13, for a total transaction of $490,140.05. Following the completion of the transaction, the insider directly owned 71,926 shares of the company’s stock, valued at $728,610.38. The trade was a 40.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.18% of the stock is currently owned by company insiders.

CNH Industrial Company Profile

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.