AustralianSuper Pty Ltd Reduces Stake in CNH Industrial N.V. $CNH

AustralianSuper Pty Ltd lessened its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 56.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 730,877 shares of the company’s stock after selling 956,765 shares during the quarter. AustralianSuper Pty Ltd owned about 0.06% of CNH Industrial worth $7,930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quent Capital LLC purchased a new position in CNH Industrial during the third quarter valued at approximately $27,000. Transamerica Financial Advisors LLC boosted its holdings in CNH Industrial by 923.2% in 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 period. Advantage Trust Co bought a new position in CNH Industrial in the 2nd quarter valued at $54,000. Headlands Technologies LLC bought a new position in shares of CNH Industrial in the second quarter worth $61,000. Finally, IFP Advisors Inc increased its holdings in shares of CNH Industrial by 425.4% in the second quarter. IFP Advisors Inc now owns 6,484 shares of the company’s stock worth $84,000 after purchasing an additional 5,250 shares during the period. 59.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on CNH shares. Truist Financial set a $12.00 target price on CNH Industrial in a research report on Wednesday, January 14th. Wall Street Zen lowered CNH Industrial from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Raymond James Financial decreased their price objective 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, October 22nd. Industrial Alliance Securities set a $13.00 target price on shares of CNH Industrial in a research report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of CNH Industrial in a report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.97.

CNH Industrial Stock Up 0.8%

Shares of CNH opened at $10.85 on Friday. CNH Industrial N.V. has a 1 year low of $9.00 and a 1 year high of $14.27. The company has a debt-to-equity ratio of 3.49, a current ratio of 13.01 and a quick ratio of 10.82. The stock has a 50 day simple moving average of $9.91 and a two-hundred day simple moving average of $10.85. The firm has a market cap of $13.52 billion, a P/E ratio of 23.07 and a beta of 1.29.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.08 earnings per share 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 during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was down 5.5% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. On average, analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at CNH Industrial

In related news, Director Howard W. Buffett purchased 4,100 shares of CNH Industrial stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of $10.29 per share, for a total transaction of $42,189.00. Following the transaction, the director directly owned 33,403 shares in the company, valued at $343,716.87. The trade was a 13.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vagn O. Sorensen purchased 10,385 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was bought at an average cost of $9.62 per share, for a total transaction of $99,903.70. Following the completion of the purchase, the director directly owned 40,396 shares in the company, valued at approximately $388,609.52. This trade represents a 34.60% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 73,007 shares of company stock worth $700,182 over the last three months. Company insiders own 1.00% of the company’s stock.

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.