Public Employees Retirement System of Ohio Grows Position in CNH Industrial N.V. $CNH

Public Employees Retirement System of Ohio lifted its stake in CNH Industrial N.V. (NYSE:CNH) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 304,527 shares of the company’s stock after purchasing an additional 999 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in CNH Industrial were worth $3,947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CNH. Mission Wealth Management LP raised its holdings in CNH Industrial by 3.0% in the 1st quarter. Mission Wealth Management LP now owns 36,842 shares of the company’s stock worth $452,000 after purchasing an additional 1,056 shares during the period. Belpointe Asset Management LLC grew its position in CNH Industrial by 9.8% in the first quarter. Belpointe Asset Management LLC now owns 14,058 shares of the company’s stock worth $173,000 after acquiring an additional 1,251 shares during the period. Avantax Advisory Services Inc. grew its position in CNH Industrial by 3.6% in the first quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company’s stock worth $457,000 after acquiring an additional 1,280 shares during the period. Fifth Third Bancorp boosted its position in shares of CNH Industrial by 29.3% during the first quarter. Fifth Third Bancorp now owns 6,241 shares of the company’s stock worth $77,000 after buying an additional 1,416 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of CNH Industrial by 12.3% during the first quarter. Integrated Wealth Concepts LLC now owns 16,143 shares of the company’s stock worth $198,000 after buying an additional 1,772 shares during the period. 59.88% of the stock is owned by institutional investors.

CNH Industrial Stock Performance

Shares of CNH stock opened at $10.85 on Wednesday. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. CNH Industrial N.V. has a 12 month low of $10.00 and a 12 month high of $14.27. The company’s fifty day moving average price is $11.86 and its two-hundred day moving average price is $12.30. The firm has a market capitalization of $13.57 billion, a P/E ratio of 16.69 and a beta of 1.51.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CNH shares. JPMorgan Chase & Co. reduced 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. Oppenheimer lowered their price target on CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, September 18th. Finally, The Goldman Sachs Group lowered CNH Industrial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $12.50 to $11.50 in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.95.

Insider Buying and Selling

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total value of $153,755.63. Following the completion of the transaction, the insider owned 14,940 shares in the company, valued at approximately $187,198.20. This represents a 45.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.23% of the company’s stock.

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.