Brandes Investment Partners LP Reduces Stock Holdings in CNH Industrial N.V. $CNH

Brandes Investment Partners LP reduced its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125,287 shares of the company’s stock after selling 149,725 shares during the quarter. Brandes Investment Partners LP owned about 0.09% of CNH Industrial worth $14,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Callan Family Office LLC increased its position in CNH Industrial by 324.7% during the second quarter. Callan Family Office LLC now owns 88,528 shares of the company’s stock worth $1,147,000 after buying an additional 67,684 shares during the period. Polianta Ltd purchased a new position in CNH Industrial during the 2nd quarter worth $1,310,000. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 purchasing an additional 90,999 shares during the period. Eubel Brady & Suttman Asset Management Inc. raised its holdings in shares of CNH Industrial by 4.0% in the second 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 during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of CNH Industrial in the second quarter valued at about $7,981,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Stock Performance

Shares of CNH opened at $9.26 on Wednesday. The company has a quick ratio of 10.82, a current ratio of 13.01 and a debt-to-equity ratio of 3.49. CNH Industrial N.V. has a 52-week low of $9.00 and a 52-week high of $14.27. The company has a 50-day simple moving average of $10.26 and a 200-day simple moving average of $11.71. The company has a market capitalization of $11.55 billion, a PE ratio of 19.71 and a beta of 1.32.

CNH Industrial (NYSE:CNH) last issued its earnings results on Friday, November 7th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.05). CNH Industrial had a return on equity of 8.32% and a net margin of 3.35%.The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s quarterly 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. Equities research analysts predict that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CNH shares. JPMorgan Chase & Co. cut CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 price target on the stock. in a research report on Friday, November 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CNH Industrial in a research note on Monday. Cfra reissued a “hold” rating and issued a $11.00 target price on shares of CNH Industrial in a report on Monday, November 10th. Raymond James Financial cut their price target on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Finally, Truist Financial reaffirmed a “buy” rating and set a $13.00 price target (down from $14.00) on shares of CNH Industrial in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, CNH Industrial presently has a consensus rating of “Moderate Buy” and an average price target of $13.41.

Insider Activity at CNH Industrial

In other news, Director Howard W. Buffett purchased 6,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was acquired at an average price of $9.68 per share, with a total value of $58,080.00. Following the purchase, the director directly owned 29,303 shares of the company’s stock, valued at $283,653.04. This represents a 25.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Suzanne Heywood acquired 52,522 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average price of $9.52 per share, for a total transaction of $500,009.44. Following the completion of the transaction, the director directly owned 619,427 shares in the company, valued at approximately $5,896,945.04. This represents a 9.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 73,007 shares of company stock valued at $700,182 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

CNH Industrial 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.