Allstate Corp Increases Stock Position in CNH Industrial N.V. $CNH

Key Points

• Allstate Corp increased its stake in CNH Industrial N.V. by 108.3%, holding 57,343 shares valued at $704,000 as of its latest SEC filing.
• CNH Industrial recently posted earnings of $0.17 per share, surpassing analyst expectations and generating $4.71 billion in revenue despite a 14.2% decrease compared to the previous year.
• Equities analysts have generally raised their price targets for CNH Industrial, with Citigroup and Oppenheimer now projecting a target price of $16.00 for the stock.

Allstate Corp raised its holdings in CNH Industrial N.V. (NYSE:CNH - Free Report) by 108.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,343 shares of the company's stock after acquiring an additional 29,811 shares during the period. Allstate Corp's holdings in CNH Industrial were worth $704,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Mission Wealth Management LP lifted its stake in CNH Industrial by 3.0% in the 1st quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock worth $452,000 after purchasing an additional 1,056 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in CNH Industrial by 3.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company's stock worth $457,000 after purchasing an additional 1,280 shares in the last quarter. Fifth Third Bancorp lifted its stake in CNH Industrial by 29.3% in the 1st quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock worth $77,000 after purchasing an additional 1,416 shares in the last quarter. Brown Advisory Inc. lifted its stake in CNH Industrial by 15.3% in the 1st quarter. Brown Advisory Inc. now owns 15,501 shares of the company's stock worth $190,000 after purchasing an additional 2,061 shares in the last quarter. Finally, Balefire LLC lifted its stake in CNH Industrial by 10.9% in the 1st quarter. Balefire LLC now owns 22,134 shares of the company's stock worth $272,000 after purchasing an additional 2,182 shares in the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Stock Down 1.2%

Shares of NYSE:CNH traded down $0.15 during trading on Thursday, hitting $11.93. The company's stock had a trading volume of 6,269,417 shares, compared to its average volume of 11,339,318. The business has a 50 day moving average price of $12.82 and a two-hundred day moving average price of $12.57. The company has a market capitalization of $14.92 billion, a PE ratio of 18.35 and a beta of 1.54. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. CNH Industrial N.V. has a fifty-two week low of $9.92 and a fifty-two week high of $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The company's quarterly revenue was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, research analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CNH. The Goldman Sachs Group downgraded shares of CNH Industrial from a "buy" rating to a "neutral" rating and cut their price target for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. Wall Street Zen began coverage on shares of CNH Industrial in a report on Wednesday, April 30th. They set a "sell" rating for the company. Oppenheimer raised their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Evercore ISI raised their price target on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Finally, UBS Group raised their price target on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, CNH Industrial presently has an average rating of "Moderate Buy" and a consensus price target of $15.21.

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.