Russell Investments Group Ltd. Lowers Stock Position in CNH Industrial N.V. $CNH

Russell Investments Group Ltd. trimmed its holdings in shares of CNH Industrial N.V. (NYSE:CNH) by 23.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,788,729 shares of the company’s stock after selling 543,195 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of CNH Industrial worth $23,188,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CNH. Callan Family Office LLC lifted 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 valued at $1,147,000 after purchasing an additional 67,684 shares during the last quarter. Polianta Ltd acquired a new position in CNH Industrial during the 2nd quarter valued at about $1,310,000. Eubel Brady & Suttman Asset Management Inc. increased its position in CNH Industrial by 4.0% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 1,502,376 shares of the company’s stock valued at $19,471,000 after buying an additional 57,562 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in CNH Industrial by 13.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 759,291 shares of the company’s stock valued at $9,840,000 after buying an additional 90,999 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in CNH Industrial in the second quarter worth about $7,981,000. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Stock Up 0.2%

NYSE:CNH opened at $9.42 on Friday. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. The company’s fifty day moving average price is $10.32 and its 200-day moving average price is $11.78. CNH Industrial N.V. has a 1-year low of $9.00 and a 1-year high of $14.27. The firm has a market capitalization of $11.73 billion, a P/E ratio of 14.48 and a beta of 1.52.

CNH Industrial (NYSE:CNH) last posted 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 net margin of 4.55% and a return on equity of 10.79%. 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 prior year, the firm earned $0.24 earnings per share. The company’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. As a group, equities research analysts anticipate that CNH Industrial N.V. will post 0.7 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CNH shares. Cfra restated a “hold” rating and set a $11.00 price objective on shares of CNH Industrial in a report on Monday, November 10th. Raymond James Financial cut their price target on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. DA Davidson decreased their price target on shares of CNH Industrial from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Barclays dropped their price objective on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Finally, Truist Financial restated a “buy” rating and issued a $13.00 target price (down previously from $14.00) on shares of CNH Industrial in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.41.

Insider Activity

In related news, 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, with a total value of $99,903.70. Following the completion of the acquisition, the director owned 40,396 shares of the company’s stock, valued at $388,609.52. The trade was a 34.60% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Howard W. Buffett acquired 6,000 shares of the stock in a transaction 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 owned 29,303 shares in the company, valued at approximately $283,653.04. This represents a 25.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 73,007 shares of company stock valued at $700,182 in the last quarter. 1.00% of the stock is currently owned by company insiders.

About CNH Industrial

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.