State of Michigan Retirement System Makes New $2.87 Million Investment in CNH Industrial N.V. $CNH

State of Michigan Retirement System purchased a new stake in CNH Industrial N.V. (NYSE:CNH) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 260,600 shares of the company’s stock, valued at approximately $2,867,000.

Several other institutional investors have also recently made changes to their positions in CNH. AQR Capital Management LLC boosted its position in shares of CNH Industrial by 395.2% during the 4th quarter. AQR Capital Management LLC now owns 17,308,839 shares of the company’s stock worth $159,587,000 after purchasing an additional 13,813,670 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in CNH Industrial in the 4th quarter valued at about $89,964,000. Dimensional Fund Advisors LP raised its stake in CNH Industrial by 45.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 26,824,753 shares of the company’s stock worth $247,338,000 after buying an additional 8,332,615 shares during the period. Tweedy Browne Co LLC raised its stake in CNH Industrial by 51.9% during the 4th quarter. Tweedy Browne Co LLC now owns 20,180,953 shares of the company’s stock worth $186,068,000 after buying an additional 6,899,583 shares during the period. Finally, Millennium Management LLC boosted its holdings in CNH Industrial by 180.9% in the fourth quarter. Millennium Management LLC now owns 6,825,862 shares of the company’s stock worth $62,934,000 after acquiring an additional 4,395,896 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Price Performance

Shares of NYSE CNH opened at $10.65 on Friday. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 3.32, a quick ratio of 10.17 and a current ratio of 12.27. CNH Industrial N.V. has a fifty-two week low of $9.00 and a fifty-two week high of $13.48. The firm’s 50-day simple moving average is $10.56 and its 200 day simple moving average is $10.87.

CNH Industrial (NYSE:CNH) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.80 billion. CNH Industrial had a return on equity of 7.48% and a net margin of 2.13%.The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. CNH Industrial has set its FY 2026 guidance at 0.35-0.45 EPS. As a group, research analysts anticipate that CNH Industrial N.V. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CNH. Weiss Ratings cut CNH Industrial from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, July 13th. Evercore set a $12.25 target price on CNH Industrial in a report on Monday, May 11th. Sanford C. Bernstein assumed coverage on shares of CNH Industrial in a research report on Thursday, May 7th. They issued a “market perform” rating and a $11.00 price target for the company. Finally, The Goldman Sachs Group lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $12.00 to $10.50 in a research note on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, CNH Industrial presently has an average rating of “Hold” and an average target price of $12.77.

Insider Activity

In related news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of CNH Industrial 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 transaction, the insider owned 71,926 shares of the company’s stock, valued at $728,610.38. The trade was a 40.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.18% of the stock is currently owned by insiders.

CNH Industrial 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.