Swedbank AB Has $7.46 Million Stock Position in CNH Industrial N.V. $CNH

Swedbank AB lowered its position in shares of CNH Industrial N.V. (NYSE:CNH) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 575,721 shares of the company’s stock after selling 50,288 shares during the quarter. Swedbank AB’s holdings in CNH Industrial were worth $7,461,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG bought a new stake in shares of CNH Industrial during the 4th quarter worth approximately $1,937,000. Cetera Investment Advisers bought a new stake in shares of CNH Industrial during the 4th quarter worth approximately $669,000. ProShare Advisors LLC bought a new stake in shares of CNH Industrial during the 4th quarter worth approximately $548,000. Two Sigma Investments LP bought a new stake in shares of CNH Industrial during the 4th quarter worth approximately $1,313,000. Finally, Vise Technologies Inc. bought a new stake in shares of CNH Industrial during the 4th quarter worth approximately $173,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Stock Down 1.1%

CNH opened at $10.97 on Monday. CNH Industrial N.V. has a 1-year low of $10.00 and a 1-year high of $14.27. The stock’s fifty day simple moving average is $12.15 and its 200 day simple moving average is $12.39. 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 stock has a market cap of $13.72 billion, a PE ratio of 16.88 and a beta of 1.51.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The company’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, research analysts expect that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CNH shares. The Goldman Sachs Group cut CNH Industrial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. JPMorgan Chase & Co. dropped their price objective on CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 2nd. Citigroup upped their price objective on CNH Industrial from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Finally, Oppenheimer dropped their price objective on CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, CNH Industrial has a consensus rating of “Moderate Buy” and an average target price of $14.88.

Insiders Place Their Bets

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total transaction of $153,755.63. Following the transaction, the insider owned 14,940 shares in the company, valued at $187,198.20. This trade represents a 45.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

CNH Industrial Company Profile

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.