Wellington Management Group LLP Invests $1.85 Million in CNH Industrial N.V. $CNH

Wellington Management Group LLP bought a new position in CNH Industrial N.V. (NYSE:CNH) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 150,375 shares of the company’s stock, valued at approximately $1,847,000.

Other large investors have also recently modified their holdings of the company. Colonial Trust Co SC purchased a new position in shares of CNH Industrial in the fourth quarter worth about $25,000. Global X Japan Co. Ltd. purchased a new position in shares of CNH Industrial in the first quarter worth about $29,000. Brooklyn Investment Group increased its stake in shares of CNH Industrial by 218.3% in the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock worth $42,000 after purchasing an additional 2,325 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of CNH Industrial by 697.1% in the first quarter. Harbour Investments Inc. now owns 4,376 shares of the company’s stock worth $54,000 after purchasing an additional 3,827 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of CNH Industrial by 29.3% in the first quarter. Fifth Third Bancorp now owns 6,241 shares of the company’s stock worth $77,000 after purchasing an additional 1,416 shares in the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial Price Performance

CNH stock opened at $11.44 on Friday. CNH Industrial N.V. has a 12 month low of $9.92 and a 12 month high of $14.27. The firm has a market capitalization of $14.31 billion, a P/E ratio of 17.60 and a beta of 1.54. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. The firm has a 50 day moving average of $12.79 and a 200-day moving average of $12.56.

CNH Industrial (NYSE:CNH) last released its quarterly earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The business’s quarterly revenue was down 14.2% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, sell-side analysts predict that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. The Goldman Sachs Group lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. Citigroup raised their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Evercore ISI raised their price objective on shares of CNH Industrial from $13.00 to $15.00 and gave the company an “in-line” rating in a research report on Monday, May 19th. Finally, Oppenheimer raised their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, CNH Industrial currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.21.

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.