Board of the Pension Protection Fund Makes New Investment in CNH Industrial N.V. $CNH

Board of the Pension Protection Fund purchased a new stake in shares of CNH Industrial N.V. (NYSE:CNH) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 74,700 shares of the company’s stock, valued at approximately $810,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its stake in CNH Industrial by 3.3% during the 1st quarter. HighTower Advisors LLC now owns 226,421 shares of the company’s stock valued at $2,780,000 after purchasing an additional 7,164 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of CNH Industrial by 16.0% during the first quarter. Raymond James Financial Inc. now owns 2,538,166 shares of the company’s stock valued at $31,169,000 after purchasing an additional 350,703 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of CNH Industrial by 218.3% during the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock valued at $42,000 after buying an additional 2,325 shares during the last quarter. Northern Trust Corp increased its holdings in CNH Industrial by 4.0% in the 1st quarter. Northern Trust Corp now owns 8,393,632 shares of the company’s stock worth $103,074,000 after buying an additional 325,935 shares in the last quarter. Finally, Korea Investment CORP raised its position in CNH Industrial by 226.9% in the 1st quarter. Korea Investment CORP now owns 1,132,405 shares of the company’s stock worth $13,906,000 after buying an additional 785,953 shares during the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH Industrial Trading Down 0.4%

NYSE:CNH opened at $9.62 on Friday. CNH Industrial N.V. has a one year low of $9.00 and a one year high of $14.27. The business has a fifty day moving average price of $9.95 and a 200-day moving average price of $11.42. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 20.46 and a beta of 1.32. The company has a debt-to-equity ratio of 3.49, a current ratio of 13.01 and a quick ratio of 10.82.

CNH Industrial (NYSE:CNH) last released 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). The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.22 billion. CNH Industrial had a net margin of 3.35% and a return on equity of 8.32%. CNH Industrial’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. Sell-side analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current year.

Insider Activity

In related news, Director Suzanne Heywood acquired 52,522 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average cost of $9.52 per share, for a total transaction of $500,009.44. Following the purchase, the director owned 619,427 shares in the company, valued at $5,896,945.04. The trade was a 9.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Vagn O. Sorensen bought 10,385 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were purchased at an average price of $9.62 per share, for a total transaction of $99,903.70. Following the purchase, the director owned 40,396 shares in the company, valued at $388,609.52. This trade represents a 34.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 73,007 shares of company stock valued at $700,182 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

CNH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. downgraded shares of CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 price target on the stock. in a report on Friday, November 28th. DA Davidson dropped their target price on shares of CNH Industrial from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Citigroup cut their target price on shares of CNH Industrial from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of CNH Industrial in a report on Monday. Finally, Barclays cut their price objective on CNH Industrial from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, October 20th. One equities 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.28.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.