KLP Kapitalforvaltning AS Reduces Stock Position in CNH Industrial N.V. $CNH

KLP Kapitalforvaltning AS lowered its stake in shares of CNH Industrial N.V. (NYSE:CNH) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,911 shares of the company’s stock after selling 21,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in CNH Industrial were worth $4,172,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of CNH Industrial by 186.0% during the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock worth $1,113,847,000 after acquiring an additional 58,991,632 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of CNH Industrial by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company’s stock worth $257,719,000 after buying an additional 395,005 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of CNH Industrial by 125.8% in the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company’s stock worth $223,750,000 after buying an additional 10,149,760 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of CNH Industrial by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 14,779,377 shares of the company’s stock worth $181,481,000 after buying an additional 471,610 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of CNH Industrial by 0.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,605,783 shares of the company’s stock worth $105,679,000 after buying an additional 36,343 shares in the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CNH. The Goldman Sachs Group downgraded CNH Industrial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of CNH Industrial in a research report on Wednesday. Truist Financial lowered their price objective on CNH Industrial from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. Finally, Oppenheimer lowered their price objective on CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.77.

CNH Industrial Trading Down 3.8%

NYSE CNH opened at $10.10 on Friday. The stock’s 50-day simple moving average is $11.50 and its two-hundred day simple moving average is $12.19. CNH Industrial N.V. has a twelve month low of $10.00 and a twelve month high of $14.27. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 15.53 and a beta of 1.51.

CNH Industrial (NYSE:CNH) last released its quarterly earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The company’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Research analysts forecast that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Insider Activity at CNH Industrial

In other news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of CNH Industrial stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total value of $153,755.63. Following the transaction, the insider owned 14,940 shares in the company, valued at approximately $187,198.20. The trade was a 45.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

About CNH Industrial

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.