Louisiana State Employees Retirement System Invests $2.82 Million in CNH Industrial N.V. $CNH

Louisiana State Employees Retirement System acquired a new stake in CNH Industrial N.V. (NYSE:CNH) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 256,600 shares of the company’s stock, valued at approximately $2,823,000.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its holdings in CNH Industrial by 12.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 16,143 shares of the company’s stock worth $198,000 after acquiring an additional 1,772 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of CNH Industrial by 70.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,268,436 shares of the company’s stock worth $27,856,000 after purchasing an additional 938,035 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of CNH Industrial by 56.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,206 shares of the company’s stock worth $106,000 after purchasing an additional 2,970 shares during the period. Federated Hermes Inc. grew its stake in shares of CNH Industrial by 29.8% in the second quarter. Federated Hermes Inc. now owns 107,456 shares of the company’s stock worth $1,393,000 after purchasing an additional 24,669 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of CNH Industrial by 0.6% in the second quarter. Daiwa Securities Group Inc. now owns 180,900 shares of the company’s stock worth $2,344,000 after purchasing an additional 1,100 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $10.13, for a total transaction of $490,140.05. Following the completion of the transaction, the insider owned 71,926 shares in the company, valued at $728,610.38. This represents a 40.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

CNH has been the topic of a number of recent analyst reports. The Goldman Sachs Group downgraded shares of CNH Industrial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $12.00 to $10.50 in a research report on Monday, May 11th. Truist Financial set a $16.00 target price on CNH Industrial in a research report on Friday, May 1st. Citigroup raised their price target on shares of CNH Industrial from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, April 13th. DA Davidson restated a “neutral” rating and issued a $12.00 target price on shares of CNH Industrial in a research note on Monday, May 4th. Finally, Weiss Ratings raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, CNH Industrial presently has a consensus rating of “Hold” and a consensus target price of $12.77.

CNH Industrial Stock Up 0.0%

CNH opened at $11.04 on Monday. The company has a quick ratio of 10.17, a current ratio of 12.27 and a debt-to-equity ratio of 3.32. CNH Industrial N.V. has a 52 week low of $9.00 and a 52 week high of $14.27. The business’s fifty day simple moving average is $10.51 and its 200 day simple moving average is $10.77. The stock has a market cap of $13.68 billion, a PE ratio of 35.60, a P/E/G ratio of 1.51 and a beta of 1.16.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. CNH Industrial had a net margin of 2.13% and a return on equity of 7.48%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. CNH Industrial has set its FY 2026 guidance at 0.35-0.45 EPS. As a group, research analysts expect that CNH Industrial N.V. will post 0.41 earnings per share for the current fiscal year.

About CNH Industrial

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.