248,220 Shares in CNH Industrial N.V. $CNH Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 248,220 CNH Industrial shares worth approximately $2.8 million in the second quarter. Institutional investors collectively own 59.88% of the company.
• CNH Industrial shares rose 3.9% to $14.38, near the 12-month high of $14.46. The company beat quarterly EPS expectations, reporting $0.13 versus the $0.11 consensus, while revenue increased 2% year over year to $4.8 billion.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $13.10; recent targets range from $10.00 to $15.00.

Public Employees Retirement System of Ohio bought a new stake in CNH Industrial N.V. (NYSE:CNH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 248,220 shares of the company's stock, valued at approximately $2,788,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parvin Asset Management LLC bought a new stake in CNH Industrial during the 2nd quarter worth approximately $549,000. Manning & Napier Advisors LLC bought a new position in shares of CNH Industrial during the second quarter valued at $556,000. Great Lakes Advisors LLC acquired a new position in shares of CNH Industrial during the second quarter worth $30,453,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of CNH Industrial during the second quarter worth $3,361,000. Finally, Trinity Street Asset Management LLP grew its stake in shares of CNH Industrial by 11.7% in the second quarter. Trinity Street Asset Management LLP now owns 2,673,464 shares of the company's stock worth $30,023,000 after purchasing an additional 279,127 shares during the last quarter. Institutional investors own 59.88% of the company's stock.

CNH Industrial Stock Up 3.9%

CNH Industrial stock opened at $14.38 on Friday. The company has a quick ratio of 10.16, a current ratio of 12.23 and a debt-to-equity ratio of 3.33. CNH Industrial N.V. has a 12-month low of $9.00 and a 12-month high of $14.46. The firm's fifty day moving average is $11.05 and its 200 day moving average is $10.96. The company has a market capitalization of $17.80 billion, a PE ratio of 57.52, a PEG ratio of 2.54 and a beta of 1.17.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%. The business had revenue of $4.80 billion during the quarter, compared to analysts' expectations of $4.77 billion. During the same period last year, the company posted $0.17 earnings per share. The business's quarterly revenue was up 2.0% on a year-over-year basis. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. As a group, sell-side analysts predict that CNH Industrial N.V. will post 0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CNH shares. JPMorgan Chase & Co. upped their price target on CNH Industrial from $9.50 to $10.00 and gave the company an "underweight" rating in a research report on Monday, July 13th. Robert W. Baird raised CNH Industrial from a "neutral" rating to an "outperform" rating and set a $15.00 price objective on the stock in a research note on Monday, August 31st. The Goldman Sachs Group cut CNH Industrial from a "buy" rating to a "neutral" rating and reduced their target price for the company from $12.00 to $10.50 in a report on Monday, May 11th. BMO Capital Markets increased their target price on shares of CNH Industrial from $11.00 to $12.00 and gave the company a "market perform" rating in a research report on Tuesday, August 4th. Finally, Truist Financial restated a "buy" rating and set a $15.00 price target (down from $16.00) on shares of CNH Industrial in a report on Tuesday, August 4th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $13.10.

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.

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