Marshall Wace LLP Buys 6,749,536 Shares of CNH Industrial N.V. $CNH

Marshall Wace LLP boosted its position in shares of CNH Industrial N.V. (NYSE:CNH) by 21,312.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,781,205 shares of the company’s stock after buying an additional 6,749,536 shares during the quarter. Marshall Wace LLP’s holdings in CNH Industrial were worth $87,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of CNH. Walleye Capital LLC acquired a new stake in shares of CNH Industrial during the 2nd quarter worth approximately $7,959,000. EverSource Wealth Advisors LLC raised its stake in shares of CNH Industrial by 56.7% in the second quarter. EverSource Wealth Advisors LLC now owns 8,206 shares of the company’s stock valued at $106,000 after purchasing an additional 2,970 shares in the last quarter. Invesco Ltd. lifted its position in CNH Industrial by 3.1% in the second quarter. Invesco Ltd. now owns 5,058,798 shares of the company’s stock worth $65,562,000 after purchasing an additional 151,292 shares during the period. Locust Wood Capital Advisers LLC acquired a new stake in CNH Industrial during the second quarter worth $762,000. Finally, Blueshift Asset Management LLC bought a new stake in CNH Industrial in the 2nd quarter valued at $135,000. Institutional investors own 59.88% of the company’s stock.

Insiders Place Their Bets

In other CNH Industrial news, Director Vagn O. Sorensen bought 10,385 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were bought at an average price of $9.62 per share, for a total transaction of $99,903.70. Following the completion of the acquisition, the director owned 40,396 shares of the company’s stock, valued at approximately $388,609.52. This trade represents a 34.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Howard W. Buffett bought 6,000 shares of the 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 completion of the purchase, the director owned 29,303 shares of the company’s stock, valued at $283,653.04. This represents a 25.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 73,007 shares of company stock valued at $700,182. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CNH. DA Davidson decreased their target price on shares of CNH Industrial from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Oppenheimer cut their price target on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, September 18th. JPMorgan Chase & Co. downgraded CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a report on Friday, November 28th. Industrial Alliance Securities set a $10.00 target price on CNH Industrial in a report on Thursday, November 27th. Finally, UBS Group cut their target price on CNH Industrial from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.41.

CNH Industrial Stock Performance

NYSE CNH opened at $9.44 on Friday. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 20.09 and a beta of 1.32. The company has a 50 day moving average of $10.17 and a 200-day moving average of $11.65. The company has a current ratio of 13.01, a quick ratio of 10.82 and a debt-to-equity ratio of 3.49. CNH Industrial N.V. has a 1-year low of $9.00 and a 1-year high of $14.27.

CNH Industrial (NYSE:CNH) last announced its earnings results on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.05). The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.22 billion. CNH Industrial had a return on equity of 8.32% and a net margin of 3.35%.The firm’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. On average, equities analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

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.