Invesco Ltd. Purchases 151,292 Shares of CNH Industrial N.V. $CNH

Invesco Ltd. boosted its position in shares of CNH Industrial N.V. (NYSE:CNH) by 3.1% in the second quarter, Holdings Channel reports. The fund owned 5,058,798 shares of the company’s stock after acquiring an additional 151,292 shares during the period. Invesco Ltd.’s holdings in CNH Industrial were worth $65,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Twin Tree Management LP increased its stake in shares of CNH Industrial by 1,068.0% in the first quarter. Twin Tree Management LP now owns 2,362 shares of the company’s stock worth $29,000 after purchasing an additional 2,606 shares during the period. Brooklyn Investment Group grew its holdings in CNH Industrial by 218.3% in the 1st 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. Advantage Trust Co bought a new position in CNH Industrial in the 2nd quarter worth approximately $54,000. SVB Wealth LLC acquired a new position in shares of CNH Industrial during the first quarter worth approximately $59,000. Finally, IFP Advisors Inc lifted its holdings in shares of CNH Industrial by 425.4% during the second quarter. IFP Advisors Inc now owns 6,484 shares of the company’s stock worth $84,000 after buying an additional 5,250 shares during the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

CNH Industrial Price Performance

Shares of CNH Industrial stock opened at $9.83 on Thursday. The firm has a market cap of $12.25 billion, a P/E ratio of 20.90 and a beta of 1.32. The firm’s 50-day simple moving average is $10.09 and its 200-day simple moving average is $11.56. CNH Industrial N.V. has a twelve month low of $9.00 and a twelve month high of $14.27. The company has a debt-to-equity ratio of 3.49, a quick ratio of 10.82 and a current ratio of 13.01.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.08 earnings per share (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 business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. As a group, research analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Insider Transactions at CNH Industrial

In related news, Director Vagn O. Sorensen purchased 10,385 shares of the stock in a transaction on Tuesday, November 11th. The shares were purchased at an average cost of $9.62 per share, for a total transaction of $99,903.70. Following the completion of the transaction, the director directly owned 40,396 shares of the company’s stock, valued at approximately $388,609.52. The trade was a 34.60% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Suzanne Heywood acquired 52,522 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of $9.52 per share, with a total value of $500,009.44. Following the completion of the acquisition, the director owned 619,427 shares of the company’s stock, valued at approximately $5,896,945.04. This trade represents a 9.26% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 73,007 shares of company stock valued at $700,182. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Industrial Alliance Securities set a $10.00 price objective on shares of CNH Industrial in a research note on Thursday, November 27th. Oppenheimer decreased their price target on shares of CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. Raymond James Financial cut their price objective on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. UBS Group reduced their target price on shares of CNH Industrial from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, DA Davidson lowered their price target on CNH Industrial from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.41.

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.